Declining demand or market share taken by Chinese EVs?
Market Chatter: Tesla Cuts Model Y Production Amid Weakening Demand in China
Tesla (TSLA) has reduced Model Y production at its Shanghai plant by a significant percentage since March, responding to declining demand in China, Reuters reported on Friday, citing industry data and
Li Auto Laying off over 18% of Its Workforce, Report Says
Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.Image credit: CnEVPostLi Auto (NASDAQ: LI) is