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Top related persons:
Aly - 1 Mike Chen - 1 Chen - 1 carmakers - 1 Tesla - 1 George Magnus - 1 Elon Musk - 1 Mike Chen's - 1
Top related locs:
Chongqing China Shanghai China's Beijing Shenzhen Hefei Chery's
Top related orgs:
SAIC Volkswagen - 1 REUTERS - 1 Rights - 1 Shanghai - 1 SAIC - 1 Volkswagen - 1 VW - 1 Oxford University's China - 1

Search resuls for: "Changan Automobile's"


2 mentions found


☆ China to help electric vehicle industry respond to foreign trade restrictions
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: +1 min
Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on Jan. 14, 2024. China's commerce ministry said on Wednesday it would encourage the new energy vehicle industry to "actively" respond to foreign trade restrictions and cooperate with overseas firms, amid a European probe into Chinese subsidies for the sector. The ministry issued guidelines that also encouraged automakers to set up R&D and after-sales service centers abroad, to collaborate with foreign partners in building up supply chains, and to work more closely with shipping companies on transportation logistics. Under the measures, Chinese banks would be encouraged to expand domestic and overseas services for automakers and their supply chains, including the scale of cross-border RMB settlements. The ministry also said it would optimize export procedures for NEVs and batteries.
Locations: Chongqing, China
☆ China's auto workers bear the brunt of price war as fallout widens
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +9 min
Millions of auto workers and suppliers in China are feeling the heat as an electric vehicle price war forces carmakers to shave costs anywhere they can. State-run China Automotive News estimates there are over 100,000 auto suppliers in the country. Suppliers typically negotiate prices once a year, but many have been pressed to lower prices on a quarterly basis in 2023, two senior executives at auto suppliers said. And in June, a group of small suppliers wrote to state-owned Changan Automobile to push back against 10% price reductions. Three months later, he told Reuters that price cuts had been more aggressive in 2023 than in previous years.
Persons: Aly, Mike Chen, Chen, carmakers, Tesla, George Magnus, Elon Musk, Mike Chen's, Li Auto, Liu, Changan Automobile's, Chen Yudong, They've, Zhang Yan, Brenda Goh, Kripa Jayaram, Marius Zaharia, David Clarke Organizations: SAIC Volkswagen, REUTERS, Rights, Shanghai, SAIC, Volkswagen, VW, Oxford University's China, China Passenger Car Association, Tesla, GM, HK, Changan Automobile, Mitsubishi Motors, Toyota, Hyundai, China Automotive, Automobile, EV, Reuters, Thomson Locations: Shanghai, China, China's, Beijing, Shenzhen, Hefei, Chongqing, Chery's, Qingdao
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