Geely sent knives to suppliers to bargain? The latest response from both parties!
Source: Securities Times Author: An YuFei Che Auto Enterprises not only send letters to suppliers to negotiate prices, but also "give knives"? Geely has clarified! Recently, the news that "BYD (01211.HK) and SAIC Datong are asking suppliers to reduce prices by 10%" has been fermenting. The incident of the general manager of Geely Automotive (00175.HK) parts purchasing company giving a knife to Chen Yudong, former president of Bosch China in 2023, has also been dug out, interpreted as Geely "sending a knife to negotiate prices." On November 29, Chen Yudong responded on his social media saying: "The knife is real, and the person who gave the knife is a good brother, not for price reduction."
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Troubles within and without for American car manufacturers: Trump's tariffs and the "price war" in the China car market.
Tariffs may lead to price increases and a decrease in demand. Meanwhile, the fierce price competition in the china automotive industry will pose challenges for usa car companies' operations in china.
The photovoltaic industry is holding another 'self-regulation' symposium, will the industry chain profit inflection point accelerate arrival?
1. The photovoltaic industry once again held a "self-discipline symposium", with the level and scale of the meeting further raised, 22 leading companies attending voluntarily to maintain industry order; 2. Under the dual promotion of industry self-discipline and policy support, the chaotic competition situation in the photovoltaic industry is expected to end more quickly.
The market is buzzing about BYD's "price ultimatum": the prosperous sales in the industry are still facing a difficult dilemma in profitability.
①The market is discussing BYD's "price reduction ultimatum", what impact does it have on the automotive stocks? ②Behind the industry's strong sales, it is difficult to break the profit dilemma, what indicators are investors focusing on?
Contemporary Amperex Technology vigorously attacks the billion-dollar level "new track".
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