BYD Shares Sink as Carmaker Faces Backlash Over EV Price War

By Yahoo! Finance   |   1 month ago
BYD Shares Sink as Carmaker Faces Backlash Over EV Price War

Shares of BYD Co. dropped over 17% in a week due to concerns about unsustainable price cuts and government scrutiny in the Chinese EV industry. The People's Daily criticized price wars, warning of negative impacts on supply-chain security and the reputation of "Made-in-China.

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