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BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
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.
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scmp.com
BYD profits fall as mainland price war swamps EV export surge
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.
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cnbc.com
BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
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.
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bbc.com
BYD shares slide as China's EV price war hits profits
The EV maker faces a crowed market, with rivals like XPeng and Telsa, which have all cut prices.