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World News | China faces protests from electric car owners as it misses price cuts

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Chengdu [China]Jan 12 (ANI): Protests erupted against the auto giant after owners of Tesla-built electric vehicles missed out on the company’s price cuts to boost sales, Malaysian news outlet The Star reported, adding, Owners claim they have to pay more for cars that are now selling for much less.

Posts flooded Chinese social media platforms, showing the anger and frustration of car owners.

Read also | India-US trade policy forum meeting: Union minister Piyush Goyal says delay in issuance of business visas was discussed with US.

While Tesla has yet to formally respond to the ongoing protests in China, the automaker cut the price of its “Y” model by about 14% on Jan. 10%.

The Star further mentioned that after a record shipment of more than 100,000 Chinese-made electric vehicles in November, Tesla’s December deliveries dropped sharply to below 56,000 vehicles due to sluggish demand and local production being temporarily halted due to equipment upgrades. .

Read also | Pakistan: Tandoor owners in Swabi go on strike over soaring flour prices.

China has been a key market for Tesla, and the company enjoyed several perks and tax breaks when it opened a factory in Shanghai.

Valerio Fabbri, citing Chinese citizens in the Slovenian publication Portal Plus, said Chinese President Xi Jinping’s draconian “zero-Covid” policy was the reason for the country’s slide into recession.

A Beijing resident said, “I can feel the economic recession around me. It is obvious that the economy is going downhill. There are fewer people in shopping malls, small businesses are disappearing, and the prices of daily necessities are rising. This is more evidence of this than official data.” Disaster, not because of Covid, but because of stupid policies. “

China has had to face economic fallout with knock-on effects around the world as its draconian “zero coronavirus” policy and brutal lockdown measures have sparked public outrage and even street protests.

In November, a protest erupted at Foxconn’s flagship iPhone factory in China, with male and female workers marching in a viral video. Some protesters confronted people in protective gear and riot police, Reuters reported, citing video on social media.

There was further unrest at the Foxconn factory in Zhengzhou, where workers were reportedly frustrated with delayed bonus payments.

According to Portal, following the Covid-19 outbreak in October that caused most workers to leave the factories out of fear of the brutal methods of handling these situations, the manufacturer held an employment event which ended up receiving more than 100.000 applicants plus.

Things took a turn for the worse when new hires were promised a $3,000 bonus after 30 days of work and another $3,000 after completing 60 days, one report said, adding that it turned out to be an empty promise.

Foxconn has since even paid workers two months’ wages ($1,400) to resign and leave the factory, the report said, adding that Foxconn took drastic measures after workers’ protests were violently suppressed. hands of the authorities. (Arnie)

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)



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