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Tesla’s China Sales Fall

YAHOO!Finance · 5h

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.

CNN on MSN · 6d

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.

Hosted on MSN · 1d

Tesla's China-made EV sales drop 4.3% y/y in Nov

U.S. automaker Tesla's's sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, data from the China Passenger Car Association (CPCA) showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles booked a 15.

China, GM

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 level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.

Reuters on MSN · 48m

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.

LA Times on MSN · 2h

Losses in China lead to $5-billion charge for General Motors

The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge.

2don MSN

Building Apple Products Has Become a Side Hustle for China’s Biggest EV Maker

Apple products say on the box “assembled in China,” leaving the mystery of who did the assembling. Owners of a new iPad might ...

6h

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 ...

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 ...

7d

Leaked BYD Letter Signals China EV Price War Is Set to Intensify

BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for ...

2don MSN

BYD sets record: 500,000+ NEVs sold for the second consecutive month in November

BYD (OTCPK:BYDDF), the Chinese automotive giant, has once again shattered its sales records. The company sold a staggering ...

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