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EV Price Wars By Tesla And BYD Sends Chinese Auto Stocks Nosediving

EV Price Wars By Tesla And BYD Sends Chinese Auto Stocks Nosediving

March 16, 2023
Christellee
Fast Fab

Traders have been abandoning Chinese auto stocks as an EV price wars spread across the whole industry. BYD slumped 11 percent in Hong Kong last week, while SAIC, China’s biggest carmaker, tumbled 6.7 percent.

A Prelude To An EV Price War?

A Prelude To An EV Price War?

February 22, 2023
Christellee
Fast Fab, Metal Cutting

China’s top electric vehicle (EV) battery maker CATL’s reported big discounts to Nio, Li Auto could force rivals to cut prices, with benefits cascading to consumers. As components become more affordable, the electric vehicle market will enter into a price war.