Only 30% of Chinese carmakers hit 2023 sales target after cut-throat price war

Nuying Huang, Taipei; Peng Chen, DIGITIMES Asia Tuesday 13 February 2024 0

Credit: AFP

BYD released a forecast about its 2023 financial performance at the end of January. The EV maker's net profits will not meet the market-expected CNY31.5 billion (US$4.41 billion). While many China-based automakers reduced vehicle prices significantly...

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