HONG KONG : A new home launch this week by Hong Kong property developer CK Asset at the lowest prices in seven years has shocked the market and could intensify a price war in the financial hub, realtors said.

Source: https://www.channelnewsasia.com/business/hong-kong-home-price-war-could-get-uglier-after-ck-assets-new-home-launch-agents-say-3677946?cid=cna_flip_070214

However, Tesla’s various moves, including a hefty price cut that started a price war, have helped bring the company back.

Source: https://biztoc.com/x/a7e9ac9cacd379c5?ref=ff

Meanwhile, the company’s margins are also being pressured by an accelerating price war in the Chinese electric vehicle (EV) market.

Source: https://investorplace.com/2023/04/my-nio-stock-price-target-for-2025/

Nio said not to join China’s EV price war.

Source: https://techcrunch.com/2023/11/03/chinese-ev-darling-nio-to-cut-10-staff-amid-fierce-competition/

One industry expert foresees a domino effectA container shipping price war could lurk on the horizon.

Source: https://qz.com/shipping-giants-maersk-and-msc-are-making-different-bet-1850077198

So far, the price war has cost Tesla about 7 points of gross margin.

Source: https://247wallst.com/autos/2023/11/25/11-tesla-competitors-discover-which-could-threaten-the-ev-carmakers-dominate-run/

The company will continue to prioritize sales growth ahead of profit due to the EV price war and macro challenges in the economy.

Source: https://seekingalpha.com/article/4595756-wall-street-breakfast-what-moved-markets?source=feed_all_articles

"There's a new - or more accurately, returning - player to the bank-switching price war.

Source: https://www.thesun.co.uk/money/22124932/martin-lewis-get-free-cash-switch-bank-account/

This kicked off the supermarket price war amongst UK supermarkets with Aldi, Lidl, Asda and Morrisons also announcing identical price cuts later that same week.

Source: https://www.dailystar.co.uk/real-life/tesco-shares-reason-phasing-out-30586103

"This price war is going to continue and, dare I say it, 2024 is shaping up nicely for the property market."

Source: https://www.birminghammail.co.uk/news/midlands-news/barclays-announces-new-mortgage-rates-28202189

When it comes down to it, only the most resilient companies will likely survive a raging price war of attrition.

Source: https://investorplace.com/2023/04/why-are-ev-stocks-tsla-nio-xpev-rivn-down-today/