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Market Closed Dec 13 15:00 CST
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$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $GEELY AUTO (00175.HK)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $PDD Holdings (PDD.US)$ $Contemporary Amperex Technology (300750.SZ)$ $ByteDance (FT0001)$ $MINISO (MNSO.US)$ $MNSO (09896.HK)$ among others.
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BYD recently requested a 10% price cut from its supplier, Sensata Technologies. People’s Daily supported this move, stating that it’s reasonable for automakers like BYD, whose production and sales volumes are rapidly growing, to demand discounts during large-scale procurement.
$BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
$BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
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BYD is asking some of its passenger car suppliers to lower their parts quotes, as it expects competition in the NEV market to be fiercer in 2025, according to local media.
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$
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$Tesla (TSLA.US)$x.com
BYD executive vice president He Zhiqi sent out emails to suppliers on Nov 26 to request 10% price reduction starting on Jan 1, 2025. Here is the reply from one disgruntled supplier:
Dear Mr. He Zhiqi,
I acknowledge your notification regarding your request for suppliers to further reduce costs by 10% from 2025. However, I must express my strong dissatisfaction and vehement protest.
BYD, as a benchmark in China's auto industry, has ...
BYD executive vice president He Zhiqi sent out emails to suppliers on Nov 26 to request 10% price reduction starting on Jan 1, 2025. Here is the reply from one disgruntled supplier:
Dear Mr. He Zhiqi,
I acknowledge your notification regarding your request for suppliers to further reduce costs by 10% from 2025. However, I must express my strong dissatisfaction and vehement protest.
BYD, as a benchmark in China's auto industry, has ...
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Bernd Lange, Chair of the European Parliament’s Trade Committee, stated that the EU needs to recalibrate its competition policies post-Trump. An agreement appears imminent regarding the tariff dispute on Chinese electric vehicles.
$XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $Tesla (TSLA.US)$
$XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $Tesla (TSLA.US)$
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China stated that a stable, healthy China-U.S. trade relationship benefits all nations and aligns with global expectations.
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$
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$Tesla (TSLA.US)$ is offering Model 3s for the equivalent of $41,800. That’s cheaper than $BYD COMPANY (01211.HK)$ ’s Seal EV at $43,900.
But in China, the Seal sells for just $25,000 vs. the Model 3’s $32,000 price tag.
Both units are imported from…. CHINA.
EVs have ZERO TARIFFS in the Philippines. Dealers are marking up BYD to offset the lost revenue due to less need for regular maintenance where they usually gouge owners. Im surprised Tesla is selling at a disco...
But in China, the Seal sells for just $25,000 vs. the Model 3’s $32,000 price tag.
Both units are imported from…. CHINA.
EVs have ZERO TARIFFS in the Philippines. Dealers are marking up BYD to offset the lost revenue due to less need for regular maintenance where they usually gouge owners. Im surprised Tesla is selling at a disco...
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This does not come as a surprise at all. VW has yet to produce a model that will rival BYD’s in terms of styling and tech. China is truly the toughest battleground for global carmakers.
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $VOLKSWAGEN A G (VWAGY.US)$ $Tesla (TSLA.US)$ $LI AUTO-W (02015.HK)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $VOLKSWAGEN A G (VWAGY.US)$ $Tesla (TSLA.US)$ $LI AUTO-W (02015.HK)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
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BYD reaches 10 millionth NEV production milestone
BYD was founded in February 1995 with an initial workforce of around 20 employees. Now it has become one of China's largest automakers, with a total workforce of more than 900,000.
$BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $Tesla (TSLA.US)$
BYD was founded in February 1995 with an initial workforce of around 20 employees. Now it has become one of China's largest automakers, with a total workforce of more than 900,000.
$BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $Tesla (TSLA.US)$
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Mr Careful : it is not likely that Chinese companies will be keen to invest in US. see what happens to tic tok first.