Chinese automakers get stern ‘price war’ warning after discount spree

A top industry group had a stern rebuke Saturday for automakers fuelling a “price war”, a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit.”Since May 23, a certain automaker has taken the lead in launching a substantial price drop campaign… triggering a new round of ‘price war’ panic,” the China Association of Automobile Manufacturers (CAAM) said in a statement posted to its WeChat account.The group warned that such “disorderly” competition would “exacerbate harmful rivalry” and hurt profit.The statement, dated May 30, did not single out any company by name, but on May 23, BYD announced it was offering big trade-in discounts on nearly two dozen makes, offering discounts of up to 34 percent.Its cheapest model, the smart-driving Seagull, now goes for a starting price of 55,800 yuan ($7,800), down from 69,800 yuan, with a trade-in.Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two “entry-level” models through June 8.Geely Auto announced Friday limited-time trade-in subsidies for 10 models, with its X3 Pro going for the lowest starting price of 44,900 yuan.But there is growing domestic criticism against what the autos association called “involution” — a popular tag used to describe the race to outcompete that ends up nowhere.The CEO of China’s Great Wall Motor, whose annual revenue was roughly a quarter of BYD’s, compared it to the start of China’s years-long housing slump triggered by the 2021 default of property giant Evergrande.”Evergrande in the auto industry already exists,” Wei Jianjun said this month in an interview with Chinese outlet Sina Finance.”I hope that… all these years of hard work will not go to waste.”Beijing has poured vast state funds into the electric vehicle sector, supporting the development and production of less polluting battery-powered vehicles.But China’s automakers association on Saturday warned its goliaths to play fair.”Leading companies must not monopolise the market,” the CAAM statement said.It added that “with the exception of lawful discounting, companies must not sell products below cost nor engage in misleading advertising”.Such behaviour disrupted the market and harmed both consumer and the industry, it said.An unnamed official from China’s Ministry of Industry and Information Technology added that price wars “produce no winners and no future”, the state-backed Global Times reported Saturday.

Moroccan women embroider ‘art with purpose’Sat, 31 May 2025 02:55:31 GMT

In a small village on the coast of southern Morocco, women gather in a house to create collaborative works of textile art, and also earn a living.Several hunch over large canvasses, embroidering their latest piece at the women-only workshop, in the village of 400 people. Some of their works have been shown internationally.”This project has …

Moroccan women embroider ‘art with purpose’Sat, 31 May 2025 02:55:31 GMT Read More »

Moroccan women embroider ‘art with purpose’

In a small village on the coast of southern Morocco, women gather in a house to create collaborative works of textile art, and also earn a living.Several hunch over large canvasses, embroidering their latest piece at the women-only workshop, in the village of 400 people. Some of their works have been shown internationally.”This project has changed my life,” said Hanane Ichbikili, a 28-year-old former nursing student turned project creative director.”And yet I had never held an embroidery needle before,” she told AFP.Just 19 percent of Moroccan women hold steady jobs, according to official figures, and in rural areas they are particularly affected by poverty, unpaid labour and a lack of opportunity.An artist with roots in both Morocco and France has tried to make a difference.Margaux Derhy founded the workshop in 2022 in her father’s native village of Sidi R’bat, around 70 kilometres (45 miles) south of Agadir, to fulfil her “dream to make art with purpose”.The project uses textiles and old photographs to explore her family heritage before they left the country in the 1960s, turning sepia-toned portraits and scenes into large silk-and-linen canvases.The North African country was a protectorate of France before gaining its independence in 1956.- Creative process -The project is more than just personal for Derhy — it also provides local women in the small fishing village employment.”I wanted to be engaged on the ground,” said Derhy, adding that she hired 10 local women to work full-time for a monthly salary exceeding Morocco’s private-sector minimum wage of 3,045 dirhams ($330).The women’s hands glide over frames that were once used by Paris’s prestigious Maison Lesage, the world-famous embroidery house that has worked with some of the greatest names in fashion.The creative process is collaborative, with Derhy drawing an outline and the team then gathering to choose the threads and colour palette for each section.A canvas can take up to five months to complete.The finished works, priced at up to $5,620, have been shown in exhibitions in Marrakesh, Paris and Brussels. Future exhibits are planned for Casablanca’s L’Atelier 21 and Tabari Artspace Gallery in Dubai.The workshop has also helped to challenge perceived ideas about women in the village.”At first, some of the women had to hide to come because it was frowned upon,” said Khadija Ahuilat, 26, who oversees operations.- ‘A blessing’ -She said some people thought the project “was nonsense, and a woman should stay at home”.”But we managed to change that. I’m very proud to have contributed to this change, even if on a small scale.”Her mother, Aicha Jout, 50, a widow who once gathered mussels and raised livestock to support her family, is now one of the embroiderers.”It changes a lot for me to be here,” she said.”I love the idea of embroidering on pictures, but also of passing on the craft to other women.”Jout learned to embroider at the age of 12, and has trained the rest of her mostly single or widowed colleagues.”There aren’t really a lot of job opportunities here, so when the chance came I didn’t hesitate for a second,” said Haddia Nachit, 59, one of the workshop’s most efficient embroiders.Her nickname among the women is “TGV” — after France’s high-speed train.Seated next to Nachit, Fadma Lachgar, also 59, said the work allowed her to help her family.”Resuming embroidery at my age, after 20 years of stopping, is a blessing,” she said.