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Faced with a bruising price war in the fast growing but crowded domestic market for electric vehicles, Chinese automobile manufacturers are pressuring suppliers to deliver hefty cost cuts.
SEOUL, South Korea (AP) — South Korea’s president on Wednesday met a visiting Ukraine delegation and called for a joint response to the threat posed by North Korea’s recent dispatch of more than 10,000 soldiers to support Russia’s war against Ukraine.
Unprofitable Chinese electric vehicle (EV) makers, ravaged by a discount war at home and higher tariffs abroad, are stepping up cost-cutting measures and new model launches as they strive to survive in the cutthroat market.
A recent weapons deal between Vietnam and the United States underscored the potential for their defence cooperation and coincided with the appearance of a Chinese vessel in the Southeast Asian country’s territorial waters.
Seoul, South Korea CNN —
Trade-reliant Malaysia has been seeking new investors and markets over the past year as widening tariffs tied to the US-China trade and tech wars rattled its solar industry and raised concerns over its crucial semiconductor sector.