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Only 30% of Chinese carmakers hit 2023 sales target after cut-throat price war

  • Digitimes faviconDigitimes

    By Peng ChenFeb 12, 2024, 7:05 pm254 pts
    photo of Only 30% of Chinese carmakers hit 2023 sales target after cut-throat price war imageBYD released a forecast about its 2023 financial performance at the end of January. The EV maker's net profits will not meet the market-expected CNY31.5 billion (US$4.41 billion). While many China-based automakers reduced vehicle prices significantly in response to the fierce price competition, only one-third…
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