US EditionSetback for Russia's Important Industry – 24 Percent Loss: Ceo Issues Warning
6 Articles
6 Articles
The crash has been severe: since May 23rd, the BYD share has lost more than 24 percent – from 17.40 to just 13.20 euros. The former e-car overflyer is suddenly in crisis. Data show: The Chinese manufacturer produces more cars than he sells – and tries to counter with aggressive prices and risky export offensive. BYD had arrived at the summit in early 2024. More cars sold than Volkswagen in China, Tesla being the world's largest e-car manufacture…
Russia's car market is weakening. Sales have recently collapsed significantly. A CEO warns that this development could continue.
In mid-June, the Russian Minister of Economy warned against a risk of recession, a situation considered intolerable by Vladimir Putin, who prefers the term "cooling". If the war effort against Ukraine is not expected to suffer in the short term, difficult choices are announced.
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