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China, GM

Hosted on MSN · 1h

GM takes $5 billion hit from struggling business in China

General Motors told shareholders on Wednesday that it would record more than $5 billion in two non-cash charges in the fourth quarter due to ailing business in China, causing the automaker to make fewer models and close down manufacturing plants.

Business Insider on MSN · 12h

General Motors is taking a $5 billion-plus hit on its operations in China

GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur restructuring charges.

GM to take more than $5 billion in charges on China operations

General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

Tesla’s China Sales Fall

CNN on MSN · 6d

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.

YAHOO!Finance · 11h

Tesla's November China EV Sales Drop 4.3% as BYD Hits New High

Tesla Inc. ( TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as reported by CPCA. However, its Model 3 and Model Y vehicle sales increased by 15.5% compared to the previous month.

Bloomberg on MSN · 2d

Tesla, BYD Ramp Up China Incentives in End-of-Year Sales Push

Electric car makers including Tesla Inc. and BYD Co. have unleashed further discounts and incentives in China in a final push to meet annual sales targets.

1hon MSN

China's BYD poised to silently dominate Indian EV market as local carmakers adopt its latest blade batteries

India's largest automobile manufacturer Maruti Suzuki last month revealed its first electric SUV, e Vitara, in Italy where ...

BYD just shattered its 2024 delivery goal after another record-breaking sales month

China’s leading EV maker has already sold more vehicles this year than expected. After another record-breaking sales month in ...

1don MSN

BYD raced past its annual delivery target ahead of schedule, throwing down the gauntlet for Tesla

BYD has now sold over 3.7 million cars this year, meaning it has smashed its annual target of 3.6 million sales with a month ...

StringersHub on MSN17h

China: BYD's Equation Leopard flagship store in Beijing

A Leopard 5 car is displayed at BYD's Equation Leopard flagship store in Beijing, China, December 3, 2024.

中国日报网18h

China's new energy passenger car wholesale surges to 1.46m in Nov

BEIJING -- China's new energy passenger vehicle market continued to see robust growth in November, with wholesale figures ...

7d

Leaked BYD Letter Signals China EV Price War Is Set to Intensify

BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for ...

BYD enters into cooperation for electric two-wheelers

The vehicle and battery manufacturer BYD has entered into a cooperation agreement with TAILG, a Chinese manufacturer of ...

12h

BYD Partners With TAILG to Produce Better Electric Bike Batteries

BYD, one of China’s leading battery manufacturers, has partnered with TAILG, a major producer of electric bikes. This ...

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