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Global News Impacting Chinese Tech

Warner Bros. Discovery’s cost-cutting strategy ‘is world-class,’ analyst says

News Snapshot:

Reuters BERLIN (Reuters) -BMW will not cut electric vehicle (EV) prices in China and may raise some car prices at a global level, to help weather the higher input costs of EV production, it said on Thursday following first quarter results. The carmaker reported a higher earnings margin for its cars segment, at 12.1% from 8.9% a year earlier, but kept its outlook unchanged in the face of ongoing high costs and rising competition. BMW said in March it intended to keep prices stable this year after two years of passing on rising costs to customers, but Chief Financial Officer…

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