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NEWS TAGGED CAR MARKET
Monday 20 May 2024
EVs, smart driving systems fall victim to price war in China's car market
Price slashing has become increasingly common in China's automobile industry, even as the industry progresses from EVs to smart vehicles.
Thursday 2 May 2024
Hyundai, Kia partner with Baidu for Chinese connected car market
Hyundai Motor and its affiliate Kia view software as a crucial element of their future development. The pair targets China's fast-growing connected vehicle market and will collaborate...
Friday 26 January 2024
Price war in Chinese car market impacts Nidec's earnings forecasts
The fierce price cuts persisting in China and other EV markets have burdened automotive suppliers. Japan-based Nidec, an electric motor drive technology provider, just scaled down...
Friday 29 December 2023
Mixed developments in car market could benefit power components supplier Actron
Competition from low-emission cars is set to slow the penetration of electric vehicles (EV) in 2024, and such a development could promise substantial opportunities for power components...
Tuesday 9 May 2023
Price-cutting spree among Chinese carmakers dimming order visibility for components suppliers
The China car market remains caught in fierce price competition following Tesla in January slashing prices on its cars sold there, but the overall sales momentum is cooling down on...
Monday 13 February 2023
New Chinese automakers experienced delivery reduction; price war expected in 2023
New Chinese automakers have experienced a delivery reduction for January 2023 due to China's new energy vehicle (NEV) subsidies ending and a consumer slack season. In addition, Tesla's...
Tuesday 24 May 2022
BYD monthly sales jump, defying lockdown disruptions
BYD has reported strong sales growth for April, defying supply chain disruptions. In the same month, China's automobile production declined by half due to COVID lockdowns.