Novo Nordisk launches Wegovy weight-loss pill in US, triggering price war
#HackerNews #NovoNordisk #Wegovy #WeightLoss #PriceWar #USHealthcare
BYD Sparks EV Price War in China with Major Discounts
BYD slashed EV prices by up to 34%, pressuring rivals like Nio and XPeng to follow suit. The move shook the market, causing stock dips across the sector. Despite risks to profit, BYD’s low-cost edge and global momentum keep it strong.
#BYD #EVMarket #PriceWar #ChinaEV #TeslaRival #ElectricVehicles #AutoNews #Nio #XPeng #TechNews #TECHi
Read Full Article Here :- https://www.techi.com/china-ev-price-war-deepens-byd-initiate-major-discounts/
Automakers slash EV prices to 30 million won range to overcome sales slump and Chinese competition, raising concerns about profitability and sustainability in the evolving electric vehicle market.
"The price war triggered by #Tesla has sucked in more than 40 brands, shifted demand away from older models and forced some automakers to curb production of both #EVs and combustion-engine cars, or shut factories altogether.
At the same time, pay cuts and lay-offs in the #AutoIndustry and its suppliers are hitting living standards.. "
Insight: #China's #AutoWorkers bear the brunt of #PriceWar as fallout widens | Reuters
https://www.reuters.com/business/autos-transportation/chinas-auto-workers-bear-brunt-price-war-fallout-widens-2023-09-05/