Mitsubishi Suffers $78m Loss Owing to Declining Sales in China
Mitsubishi will take a one-time hit of 10.5 billion yen ($78.31 million) owing to declining sales in China
Mitsubishi Suffers $78m Loss Owing to Declining Sales in China Read MorePakistan's Trusted Automobile Blog
Mitsubishi will take a one-time hit of 10.5 billion yen ($78.31 million) owing to declining sales in China
Mitsubishi Suffers $78m Loss Owing to Declining Sales in China Read MoreThe Chinese vehicle market’s pricing war is intensifying, with big players such as BYD, FAW, and Chery joining the fray. Before this, at least 30 automotive brands already joined this price war which includes leading names such as BMW, Mercedes-Benz, Audi, Tesla, Chevrolet, Volvo, Nissan, Volkswagen, and Toyota.
BYD, FAW & Chery Joins Price War in Chinese Car Market Read MoreAutomakers in China have been offering huge discounts since the end of the year 2022 but things have gone dramatically insane during the last couple of weeks.
Toyota: Buy One Get One Free in China Read MoreToyota’s first all-electric sedan, the bZ3 has started to roll off the production lines at the FAW-Toyota plant in China.
Toyota bZ3 Rolls Off the Production Line in China Read MoreNissan has announced a drastic reduction in the Ariya EV prices in China. The move comes just a week after Toyota announced a major price reduction for its bZ4X EV in China and after a flurry of similar price cuts by automakers including Tesla and Mercedes EVs earlier.
Nissan Drastically Slashes the Price of Ariya EV in China Read MoreToyota has significantly reduced the price of its bZ4X pure electric SUV in China, only 4 months after the EV was officially launched in the Chinese market. The price of Toyota bZ4X has been slashed by 30,000 yuan ($4,420), bringing the starting price down from RMB 199,800 to RMB 169,800.
Toyota Slashes the bZ4X EV Prices in China Read MoreTesla owners in China demonstrated huge protests against sudden price cuts which they said meant they had overpaid for electric cars they bought earlier.
Angry Tesla Owners Protest Against Surprise Price Cuts in China Read MoreSkoda is currently evaluating to make a complete exit from China, the biggest car market in the world due to severely strong competition. Such a move would help Volkswagen Group boost the core VW brand’s presence in China, and allow Skoda to focus on other, more profitable markets.
Skoda Considering Exit From China Due to Strong Competition Read MoreChina has recently surpassed Germany to become the second largest vehicle exporter of the world. And as we move on towards the end of this year, the gap between German and Chinese vehicle exports continue to widen.
Top 15 Chinese Vehicle Exporters Revealed (Q1-Q3 of 2022) Read MoreChina overtakes Germany to become the 2nd largest auto exporter after Japan
China Overtakes Germany to Become the 2nd Largest Auto Exporter after Japan Read More