China EV price war to worsen as market share takes priority over profit
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
Source: scmp.com
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Top News In Peng Today - Breaking & Trending Today
Top US-based humanoid robotics firm pivots to China-dominated all-electric tech race
Electric-driven robots are quieter, more efficient, less costly to operate and less prone to breakdowns.
Source: scmp.com
China jobs: anxious young jobseekers 'stuck in a rat race', forced to 'lie flat' as unemployment remains a headache for Beijing
Creating enough jobs for its young people remains a daunting challenge for Beijing, with the key private sector struggling to shake off scars of the coronavirus pandemic.
Source: scmp.com
Beijing auto show: Themes and highlights, Auto News, ET Auto
Beijing Auto Show: Exporting that overcapacity, however, has brought EV makers to authorities' attention. XPeng said a European probe into Chinese-made EVs could steer it to invest in plants or suppliers abroad, as the spectre of higher tariffs looms.
Source: indiatimes.com
Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today
EV stocks are getting a jolt today after two leading companies are steering more directly into a new market.
Source: yahoo.com