INDUSTRY BRIEF: Carmakers speed up supplier payments amid calls to end price war
Several major Chinese automakers announced that starting Tuesday this week they will reduce payment times to their suppliers to within 60 days, amid repeated official calls opposing destructive price wars…
INDUSTRY BRIEF: Changan-Dongfeng merger crashes
A long-rumored merger between Changan Automobile and Dongfeng Motor has officially collapsed after nearly four months of speculation. Changan Automobile Co. Ltd. (000625.SZ) announced on Thursday that its parent, China…
Nio gears up to produce its own EVs after buying partner’s factories
Nio founder and CEO William Li says that bringing production fully in house rather than working with a partner would cut manufacturing costs by around 10% Key Takeaways: Nio Inc.…
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