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BYD manager calls EV price war it helped spark unsustainable
In China’s overheated EV market, a flood of new entrants and deep price cuts—many led by BYD—have eroded margins and triggered government intervention.
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fortune.com
China’s carmakers are resorting to tricks to inflate their vehicle sales and Beijing has had enough
Beijing warned the practice of selling new cars with zero miles at a sharp discount in the used car market is just the latest example of the auto industry's race to the bottom.
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cnbc.com
In China, fears grow of an EV financial crisis amid pricing war
Electric vehicle makers in China, led by the country's market leader BYD, have been engaged in a bruising price war.
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BYD manager calls EV price war it helped spark unsustainable
In China’s overheated EV market, a flood of new entrants and deep price cuts—many led by BYD—have eroded margins and triggered government intervention.