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China Auto Industry

All articles tagged with #china auto industry

business4 months ago•1 min saved

BYD Shares Drop 8% Amid Profit Decline in China EV Price War

BYD's shares dropped nearly 8% after a 30% decline in quarterly profit due to intense price competition in China's EV market, despite revenue growth and expanding overseas sales, as the company navigates a challenging industry environment and global expansion.

via CNBC|

#business #byd #china-auto-industry

business6 months ago•2 min saved

China targets zero-mileage used car sales in crackdown

China's auto industry association corrected a report claiming the Ministry of Industry and Information Technology planned to ban resale of new cars within six months, clarifying that the regulation aims to manage zero-mileage used cars without specifying a ban, amidst ongoing industry concerns over aggressive sales practices.

via Yahoo.co|

#auto-market #business #china-auto-industry