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Home > Latest

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date
31/05/2025
Vietnamese electric car manufacturer VinFast is in talks to secure a loan of up to $200 million from an Indian state-owned bank. This negotiation marks the first time the company is borrowing from an Indian bank.
Latest
3 m ago
San Francisco Federal Reserve President Daly: Two interest rate cuts in 2025 are still a reasonable expectation.
7 m ago
In May, over 10,000 units of the Qianjie M8 were delivered, with the highest single-day delivery exceeding 1,000 units.
9 m ago
Myanmar police seized a large quantity of drugs in Naypyidaw.
12 m ago
Oppose "inward spiral" malignant competition. Li Bin, He Xiaopeng, Ge Xianqing and others expressed their opposition to "price wars".
12 m ago
On May 31, in response to the recent new round of price wars in the automotive industry, the China Association of Automobile Manufacturers issued an initiative on "Maintaining Fair Competition Order and Promoting the Healthy Development of the Industry." On the same day, the 2025 Future Vehicle Pioneer Conference was opened. At this conference, many industry insiders expressed their views on the price war in the automotive industry. "Last year, there were more than 200 car models that were sold at a reduced price throughout the year, and this year, there are more than 60 car models that have reduced prices in the first quarter. Although sales are increasing, profits continue to deteriorate," said Wang Xia, President of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. "Developing technology is like cultivating internal strength, while engaging in price wars is like depleting internal strength." Similar to the above views, He Xiaopeng, Chairman and CEO of Xiaopeng Motors, believes that instead of focusing on price wars, the industry should focus on technology, height, and quality. Li Bin, Founder, Chairman, and CEO of NIO, also expressed that they certainly do not want to "fight" on prices now, and besides technology, they should also focus on "fighting" on services. In addition, He Xianqing, Vice President of GAC Group, and Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solutions BU, also expressed the view that the industry should focus on value rather than on prices. (NBD)
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