BYD Price Cuts Sink Shares, Deepens EV Price War
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BYD Price Cuts Sink Shares, Deepens EV Price War
Shares of major Chinese automakers fell sharply Monday after BYD announced fresh incentives on over 20 models, according to Reuters. China’s prolonged automotive price war intensifies as carmakers slash prices and offer premium features like smart-assisted driving at no extra cost.BYD’s Hong Kong-listed stock dropped 8.6% after it cut the ...
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