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price war – XtremeCuztoms

Tag: price war

ANALYSIS: The Troubled Reality of China’s EV Industry

July 13, 2023
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A quick scan of global news this week revealed almost universally glowing reports about China’s electric vehicle (EV) industry. A Wall Street Journal article calling it a “triumph of Beijing’s industrial policy” was just one of several articles touting China’s lead in the electrification of the auto industry. Despite the rosy headlines, however, experts say…

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Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge

July 6, 2023
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Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…

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