Property News · May 26, 2025

BYD’s price cuts shock China’s EV market, spark fears of price war escalation


BYD’s decision over the weekend to cut prices on 22 models to promote sales has cast a pall over the earnings outlooks of Chinese electric vehicle (EV) makers, as many competitors are expected to follow suit in an effort to retain market share.
BYD’s Hong Kong-listed shares lost 7.5 per cent to close at HK$425.20 on Monday. Xpeng saw its shares close 3.4 per cent lower at HK$75.35, while Li Auto closed 3.2 per cent lower at HK$109.90. And Geely shares fell 6.7 per cent to close at HK$18.38.
On…

Source : South China Morning Post
Read more…BYD’s price cuts shock China’s EV market, spark fears of price war escalation

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