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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.

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Used Tesla vehicles crush industry average depreciation despite price cuts

Teslarati

Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate.

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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

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Industrial Securities initiates coverage on XPeng with 'Buy' rating and HK$38.84 price target

CN EV Post

Industrial Securities believes that XPeng's short-term model changeover and sales pressure will not affect the company's long-term value. The post Industrial Securities initiates coverage on XPeng with 'Buy' rating and HK$38.84 price target appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Chinese regulators vow to crack down on price gouging as lithium prices rise to staggering levels

CN EV Post

China will strictly investigate and punish hoarding, price gouging and unfair competition in the upstream and downstream lithium battery industry to maintain market order, a government document said today. For more articles, please visit CnEVPost.

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Indian Forging Industry names Ashwani Jotshi as new secretary general – ET Auto

Baua Electric

Ashwani Jotshi New Delhi: The Association of Indian Forging Industry ( AIFI ) has appointed Ashwani Jotshi as its new Secretary General, bringing over thirty years of experience from the Automotive Component Manufacturers Association of India ( ACMA ). Jotshi’s leadership skills will be valuable in his new role at AIFI.