Second-quarter profits drop 30 per cent for the world’s largest EV maker, despite 145 per cent year-on-year rise in overseas deliveries.

Second-quarter profits drop 30 per cent for the world’s largest EV maker, despite 145 per cent year-on-year rise in overseas deliveries.

Bei dem chinesisches E-Autobauer BYD sind die Gewinne im zweiten Quartal gesunken. Der Preiskrieg zwischen den Herstellern verschärft sich – nun geht die Regierung dagegen vor.

Hong Kong-listed shares of BYD fell more than 6% after the Tesla rival reported a quarterly profit drop amid a price war in its domestic industry.

The EV maker faces a crowed market, with rivals like XPeng and Telsa, which have all cut prices.