The First of Expansion on Chinese cars, Colonial, Iberia, Chinese ships, the Yen and Open AI
Geely, MG and Chery sacrifice their margin to conquer Europe. BYD is the only Chinese car manufacturer that makes more than 1,000 euros per car, compared to Geely (800 euros), SAIC-MG (625 euros) and Chery (535 euros). Their adjusted prices still place them far from the rest of the brands.
Chinese car manufacturers Geely, MG, and Chery are sacrificing their profit margins to conquer the European market. BYD is the only Chinese car manufacturer with a profit of over 1,000 euros per vehicle, while Geely makes 800 euros, SAIC-MG 625 euros, and Chery 535 euros. Their prices remain lower than those of other brands. The Princesa de Asturias Awards will be presented today in Oviedo, with recipients including Patti Smith, Julian Barnes, and Leo Messi. The yen has surged in value as investors seek safe assets amid a global tech downturn.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
