|
|
|
19.06.25 - 06:36
|
China Auto Industry On Verge Of Collapse As Six Major Cities Run Out Of Car-Buying Subsidies (ZeroHedge)
|
|
China Auto Industry On Verge Of Collapse As Six Major Cities Run Out Of Car-Buying Subsidies
China auto industry was already on the rocks.
Recall, in late May we reported that a historic price war had broken out in China, one where the world's largest maker of EVs, BYD, had just cut prices by 34% in a desperate attempt to capture market share and put its competitors out of business (while unleashing a deflationary global shockwave that would crush EV makers around the globe).
Overnight the world's largest maker of EVs, China's BYD (it surpassed Tesla last year) unleashed a price war nuke, cutting prices by up to 34%. Other Chinese automakers immediately followed. This will send a deflationary shockwave and spark major trade war escalation by Europe
— zerohedge (@zerohedge) May 27, 2025
Just a few days later, Wei Jianjun, Chairman of Great Wall Motor - one of China's largest car makers - said China's auto industry was going through its own "Evergrande" moment as a result of the...
|
|
|
|
03.06.25 - 10:30
|
EV price war, BYD woes prompt fears of China Evergrande-style crisis (SCMP)
|
|
China's electric vehicle (EV) makers have had a lot to contend with over the past week: slumping shares for market leader BYD, cooling sales and margins and a warning from authorities in Beijing amid a punishing price war.
BYD's Hong Kong-listed shares lost as much as 17 per cent of their market value, or HK$122.3 billion (US$15.6 billion), on Monday after falling to HK$378.20 from an all-time high of HK$477.80 on May 23. The company's shares recovered 4 per cent on Tuesday. Analysts attributed......
|
|
|
|
|
29.05.25 - 12:24
|
"Race To The Bottom": BYD Price Slashing To Prompt Chinese EV Consolidation (ZeroHedge)
|
|
"Race To The Bottom": BYD Price Slashing To Prompt Chinese EV Consolidation
BYD's aggressive discount campaign is shaking up China's EV market, pushing rivals to slash prices and raising concerns of an industry-wide “race to the bottom,” according to Nikkei Asia.
Since January, BYD has launched repeated limited-time offers. Its latest, running through June, cuts prices by up to 34% across 22 EV and hybrid models, with its Seagull now starting at just $7,700. Morningstar's Vincent Sun said investors are worried this signals a prolonged price war. “I believe sales targets are the main driver behind this,” he said.
BYD aims to sell 5.5 million vehicles in 2025, including 800,000 overseas. But its stock fell over 8% Monday and continued sliding Tuesday after the discount news.
Great Wall Motor chairman Wei Jianjun hinted at growing debt in the industry, saying, “The Evergrande of the automotive industry already exists; it just hasn't collapsed yet.” Many believe he was r...
|
|
|
|
29.04.25 - 11:00
|
EVERGRANDE Liquidators: Hui Ka Yan Refuses to Disclose Asset Details (AAStocks)
|
|
At a Hong Kong High Court hearing today (29th), lawyers representing EVERGRANDE (03333.HK)'s liquidators stated that Chairman Hui Ka Yan plans to refuse disclosing details of his assets. Hui's lawyers, present at the hearing, did not refute the liquidators’ claims, potentially complicating the company’s liqui......
|
|
|
|
|
|
17.04.25 - 06:06
|
Jack Ma′s resurgence: Who stands to gain from Trump 2.0? (Digitimes)
|
|
China's economy has endured a series of profound shocks, beginning with the stringent pandemic lockdowns, followed by the collapse of Evergrande and the financial crisis at Country Garden Holdings. These crises triggered a significant decline in societal wealth and caused urban real estate prices to fall, resulting in numerous incomplete construction projects. These challenges present complex problems that are difficult to resolve....
|
|
|
|