China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen
Baua Electric
APRIL 1, 2024
Mass layoffs by Chinese-owned firms are extremely rare, but the fierce price spearheaded by BYD has potentially forced its hand. 3 EV and Audi-branded vehicles, among other models. In recent year, legacy carmaker SAIC and foreign partners have lost market share to Tesla and privately owned companies such as BYD.
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