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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
Revision as of 10:38, 30 August 2024
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== Profitability of Chinese EV Makers == | == Profitability of Chinese EV Makers == | ||
* '''Out of the six top exclusive EV makers examined, only BYD and Li Auto are currently profitable.''' | * '''Out of the six top exclusive EV makers examined, only BYD and Li Auto are currently profitable. According to BYD analysts Jiong Shao and Lian Xiu, most Chinese EV makers are faced with potential liquidity issues due to constant losses'''<ref>https://www.bloomberg.com/news/articles/2024-08-29/byd-s-dominance-is-taking-its-toll-on-smaller-chinese-ev-rivals</ref>'''.''' | ||
* '''An April study by Goldman Sachs established that if BYD were to reduce prices of its vehicles by another 10,300 yuan per vehicle, profitability of China EV segment could turn negative'''<ref>https://www.scmp.com/business/china-business/article/3260527/china-ev-price-war-worsen-market-share-takes-priority-over-profit-hastening-demise-smaller-players?utm_source=twitter&utm_campaign=3260527&utm_medium=share_widget</ref>'''.''' | * '''An April study by Goldman Sachs established that if BYD were to reduce prices of its vehicles by another 10,300 yuan per vehicle, profitability of China EV segment could turn negative'''<ref>https://www.scmp.com/business/china-business/article/3260527/china-ev-price-war-worsen-market-share-takes-priority-over-profit-hastening-demise-smaller-players?utm_source=twitter&utm_campaign=3260527&utm_medium=share_widget</ref>'''.''' | ||