☨St Louis IX opposed paganism, hæresy \x26 debauchery
China Observer
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Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "The Worst Price War in China! Drastic Foreign Brand Price Cuts Threaten Chinese Brands’ Survival" video.
💰 Tesla plans to implement a new pricing strategy in China, including possible price cuts, to boost sales and reduce inventory.
00:00
Tesla halts Phase I battery production line at the Shanghai Gigafactory, reducing workforce by half.
00:00
Tesla's Phase II battery factory production is sufficient to meet vehicle battery needs.
00:17
Tesla's strong second-quarter performance resulted in high inventory and sales pressure for the latter half of the year.
00:52
CEO Elon Musk hinted at initiating a price war in the second half of the year to make Tesla cars more affordable.
01:30
Tesla might drastically reduce prices, with the new Model 3 potentially priced under 180,000 yuan.
02:03
🚗 The Chinese automotive industry is facing a crisis due to price wars and Tesla's impact.
02:43
Automakers in China, including BMW and Audi, have significantly reduced prices, leading to a 'slash-price' trend.
02:43
FAW Toyota is giving away a car worth 100,000 yuan with the purchase of their new energy vehicle BZ4x.
03:38
Massive price reductions by Tesla and other foreign brands have caused a substantial decline in sales for domestic car companies.
04:19
None of the 20 car companies in China have achieved a completion rate of 50% towards their annual sales goals.
04:37
The Chinese automobile manufacturers have pushed pricing to the limit, leaving no room for further reductions, while emerging players like NIO and Xpeng are losing money on each vehicle sold.
05:03
🚗 Chinese automakers faced public backlash and retracted their commitment to maintain fair competition and not cut prices, violating the Anti-Monopoly Law.
05:55
16 mainstream automakers in China signed a commitment to maintain a fair market order in the automotive industry.
05:55
The commitment to not disrupt fair competition with abnormal prices was withdrawn just two days later.
06:11
Public suspicion and doubt arose, accusing the car companies of violating the Anti-Monopoly Law and threatening consumer rights.
06:28
Under public criticism, the car companies retracted their commitment and admitted misunderstanding on pricing and violation of the law.
07:00
Consumers felt exploited and disappointed as car prices continued to rise, questioning the ties between capital and government.
07:36
🚗 Chinese car companies are deterring people from purchasing domestically-produced vehicles, causing a loss of trust and mocking Tesla's pricing strategy.
08:43
Chinese car companies have discarded their moral compass and are driving their compatriots into a corner.
08:43
Tesla was the first to offer discounts to Chinese consumers, but now 16 companies are pressuring Tesla not to cut prices.
09:51
The China Association of Automobile Manufacturers and the 16 car companies signed a commitment that violated the Anti-Monopoly Law.
10:22
The leaders of these car companies signed the commitment without hesitation, raising concerns about their ability to lead the industry towards healthy development.
10:57
Netizens sarcastically remark that it's fortunate the China Association of Automobile Manufacturers is held accountable, as the car companies might have colluded to manipulate prices.
11:16
🚗 Tesla maintains a 30% profit margin in China while Chinese automakers suffer losses, raising questions about the discrepancy.
11:52
Tesla has localized 95% of their material and component procurement in China.
11:52
BYD's Dolphin, priced at 200,000, generates a profit of only 10,000 despite luxury amenities.
12:10
Imminent price wars in the latter half of this year could last up to 20 months.
12:45
Top ten automakers in China may account for 90% of the market share, leading to the potential extinction of marginal automakers.
13:05
Comprehensive preparations and strategic adjustments are necessary for all automakers to face the challenges ahead.
13:21
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