BYD price cuts spark drastic slide in Chinese EV stocks
Monday, May 26, 2025, 2:21 am
Chinese electric vehicle manufacturer BYD has slashed its prices, prompting an 8% plunge in its share value. The aggressive pricing strategy fueled a notable surge in dealership footfall and sent EV stock benchmarks lower, reflecting a rapidly shifting competitive landscape in China’s booming electric vehicle market.
The Chinese automaker’s triumph is temporary as the Chinese regime is exploiting gaps in EU policy that may be closed soon, an expert said.
Citi estimates that BYD's price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.
BYD Leads China EV Stocks Lower on Steeper Price Cuts Bloomberg.com
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