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Tesla’s China Sales Fall
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High
Tesla Inc. ( TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as reported by CPCA. However, its Model 3 and Model Y vehicle sales increased by 15.5% compared to the previous month.
China’s EV price war is so brutal that BYD is trying to pinch its suppliers
China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.
Tesla’s China Sales Fall as Competition Heats Up
Tesla sales in China fell in November amid intensifying competition from Chinese rivals. The U.S. electric-vehicle maker sold 78,856 China-made cars in November, down 4.3% compared with a year earlier but 15% higher from the previous month,
Tesla's China shipments fall for second month in a row
Tesla's China-made EV sales fell 4.3% YoY in November. Despite a MoM growth, it lags behind Chinese rivals.
China, SAIC Motor
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur restructuring charges.
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
General Motors to Take $5 Billion Charge on China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
2h
China Just Showed Washington How It Plans to Fight the Next Trade War
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares ...
StringersHub on MSN
12h
China: BYD's Equation Leopard flagship store in Beijing
A Leopard 5 car is displayed at BYD's Equation Leopard flagship store in Beijing, China, December 3, 2024.
electrive
8h
BYD enters into cooperation for electric two-wheelers
The vehicle and battery manufacturer BYD has entered into a cooperation agreement with TAILG, a Chinese manufacturer of ...
Electrek
4h
GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
7h
BYD Partners With TAILG to Produce Better Electric Bike Batteries
BYD, one of China’s leading battery manufacturers, has partnered with TAILG, a major producer of electric bikes. This ...
1d
on MSN
BYD raced past its annual delivery target ahead of schedule, throwing down the gauntlet for Tesla
BYD has now sold over 3.7 million cars this year, meaning it has smashed its annual target of 3.6 million sales with a month ...
Electrek
2d
BYD just shattered its 2024 delivery goal after another record-breaking sales month
China’s leading EV maker has already sold more vehicles this year than expected. After another record-breaking sales month in ...
4h
on MSN
GM Takes $5B Hit to Restructure Struggling China Ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
6h
on MSN
China's BYD poised to silently dominate Indian EV market as local carmakers adopt its latest blade batteries
In a significant development that could reshape Indias electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the countrys rapidly growing EV market.
7h
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric ...
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