On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025. Following this, SAIC Maxus has reportedly launched a...
Thailand's state-controlled energy conglomerate PTT has announced that due to fierce competition in the EV market resulting in a price war, the group will lower its stake in the joint...
It has been almost a month since China's solar industry set a floor price in order to curb cut-throat competition among its members, but some opportunists are taking advantage of...
China's DRAM manufacturers are intensifying market competition through aggressive DDR4 production expansion. ChangXin Memory Technologies (CXMT) leads this push, while Fujian Jinhua...
The EU's announcement of a 36.3% electric vehicle (EV) tariff on SAIC Motor has placed significant pressure on the automaker. Its revenue for the first half of 2024 was surpassed...
The LCD TV panel market is grappling with challenges due to declining prices and a price war between BOE and TCL CSOT. A production cut slated for October aims to reduce inventory...
Xpeng Motors, a Chinese electric vehicle (EV) manufacturer, has released its financial report for the second quarter of 2024. Despite ongoing challenges from a market price war, Xpeng's...
German luxury car brands BMW, Mercedes-Benz, and Audi are experiencing a decline in market share in China amid ongoing price cutting in the local car market. The German brands have...
India's wearables market, previously on a rapid growth trajectory, has recently experienced its first-ever decline in shipments. This downturn is largely attributed to a price war...
BYD has initiated a fresh price war in China's electric vehicle (EV) market, continuing to pressure its competitors by leveraging its production scale, according to market sources...
BMW, along with Mercedes-Benz and Audi, previously joined the fray in the price war in China's car market for a short period of time, but has now decided to hike prices across its...
The rise of Chinese Electric Vehicle (EV) brands has prompted their larger international counterparts to engage in a price war in China to defend their market share, according to...
While Tesla Optimus is still adding fuel to the robotic market buzz, Chinese robotics company Unitree released its G1 humanoid robot in May, with the price starting at CNY99,000 (about...
Cut-throat pricing competition in China's Electric Vehicle (EV) market has induced heavy losses in all sectors along the value chain, triggering a blame game among major players for...
Alibaba Group Holding Ltd. slashed prices for a clutch of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu Inc. in potentially the start...
