17 h. ago BMW monitoring China market ahead of iX3 launch amid price battles

BMW monitoring China market ahead of iX3 launch amid price battles  Investing.com

Economics

17 h. ago BMW monitoring China price war for iX3 launch, sales chief says

BMW monitoring China price war for iX3 launch, sales chief says  Reuters

Economics

3 d. ago Putin says planned gas pipeline to China will be mutually beneficial, use market price formula

Putin says planned gas pipeline to China will be mutually beneficial, use market price formula  Reuters

Politics

6 d. ago Will Tesla's Latest Price Cut Help It Regain Momentum in China?

Will Tesla's Latest Price Cut Help It Regain Momentum in China?  Yahoo Finance

Economics

6 d. ago Russia signs up to vast new China pipeline but price unclear

Russia signs up to vast new China pipeline but price unclear  Reuters

Politics

6 d. ago Russia to boost gas supplies to China, signs up new pipeline but price unclear

Russia to boost gas supplies to China, signs up new pipeline but price unclear  Reuters

Politics

7 d. ago Tesla reduces price of new Model 3 in China weeks after launch, amid sales slump

Tesla reduces price of new Model 3 in China weeks after launch, amid sales slump  Electrek

Economics

7 d. ago BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.

BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings.  Barron's

Events

7 d. ago Tesla China cuts price of new Model 3 as moment of truth nears

Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium electric vehicle (EV) segment. The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland...

Politics

1 week ago BYD profits fall as mainland price war swamps EV export surge

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. The Shenzhen-based company earned 6.4 billion yuan (US$894.6 million) in the three months to June, down 29.9 per cent from a year earlier. Revenue grew 14 per cent year on year to 201 billion yuan. The second-quarter numbers are derived by comparing BYD’s interim earnings to its results for...

Economics

1 week ago Tesla Rival Li Auto Stock Falls After Earnings Amid China’s EV Price War

Tesla Rival Li Auto Stock Falls After Earnings Amid China’s EV Price War  Barron's

Events

1 week ago China’s Price War Puts Alibaba Under Spotlight Before Earnings

China’s Price War Puts Alibaba Under Spotlight Before Earnings  Bloomberg.com

Events

1 week ago Li Auto Stock Falls. How China’s EV Price War Dented Earnings.

Li Auto Stock Falls. How China’s EV Price War Dented Earnings.  Barron's

Events

1 week ago China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Industrial profits declined 1.5 per cent last month from a year earlier, falling the least since they began shrinking in May, according to data released on Wednesday by the National Bureau of Statistics. For the first seven months of the year, earnings contracted 1.7 per cent year on...

Economics

1 week ago China Industrial Profits Ease Drop With Crackdown on Price Wars

China Industrial Profits Ease Drop With Crackdown on Price Wars  Yahoo Finance

Economics

2 w. ago Household robots are about to get a big price cut — if China’s top 'robovac' player has its way

Household robots are about to get a big price cut — if China’s top 'robovac' player has its way  CNBC

Politics

2 w. ago In China’s crippling price wars, an updated law seeks ‘sustainable equilibrium’

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

2 w. ago China scrambles to fix price wars – by updating a law from 1998. Here’s why

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

2 w. ago China expands regulatory arsenal in fight against solar industry price wars

Beijing has signalled stronger action against price wars, convening a high-level symposium of enterprises and regulators – including many left out of previous meetings – to tackle cutthroat competition in the solar sector. Authorities vowed to tighten oversight of new project investments, phasing out outdated capacity through market-based and rule-of-law approaches, according to the Ministry of Industry and Information Technology (MIIT), one of the meeting’s hosts. “Efforts will focus on...

Economics

2 w. ago Pop Mart targets mobile phones with mini Labubus as it aims to double sales

Pop Mart said it would be able to easily double this year’s revenue from its 2024 record sales, as it prepares to launch a mini version of the Labubu plush toy to extend its phenomenal success and conquer more hearts beyond mainland China. The company, founded in 2010 in Beijing, could double its 2025 revenue to 30 billion yuan (US$4.2 billion) from last year’s sales of 13 billion yuan, said Pop Mart’s founder and CEO Wang Ning, citing the bigger-than-imagined worldwide market for its plush toys...

Events