US EditionPrice War Sparks EV Financial Crisis Concerns in China
- On June 13, 2025, BYD executives warned that the ongoing wave of EV price cuts in China is dangerous and cannot continue without consequences.
- This warning followed BYD's May 23 price war launch, which deepened amid shrinking profit margins and increasing pressure on smaller EV brands.
- In response, BYD cut prices across popular models like the Dolphin, Seal, and Atto 3 while planning to invest up to $20 billion in European expansion and standardize supplier payments to 60 days.
- BYD's 2024 financials show revenue rose 29% to 777.1 billion yuan and net profit grew 34% to 40.3 billion yuan, but total debt increased 10.3% to 584 billion yuan with a 74.64% debt-to-asset ratio.
- These developments suggest China’s EV market faces sustainability challenges amid fierce competition, rising debts, and regulatory shifts, while BYD aims to maintain growth and avoid industry instability.
17 Articles
17 Articles
BYD cuts EV prices amid market warning
On June 13th 2025, BYD informed the world that many in the auto industry were already thinking. Electric vehicle prices are out of control and cannot go on much longer. The price has dropped again. The Chinese EV giant is now one of the biggest players globally and says it’s concerned about long-term sustainability. However, in the short term, it’s still cutting costs across models like the… Source
The stock price of the e-car manufacturer BYD has collapsed dramatically. The price decline was not a sell-off, but a result of a share split. But the capital measure is quite different than expected – to the anger of the shareholders. WORLD explains what investors now need to know.
Price war sparks EV financial crisis concerns in China
BYD, the world’s largest electric vehicle (EV) manufacturer, is facing growing challenges from an intensifying price war and a change in supplier payment regulations in China, raising market concerns about the company’s financial stability. On May 23, the Shenzhen-based EV maker initiated a price war in China by offering discounts of 10 to 30%. It […] The post Price war sparks EV financial crisis concerns in China appeared first on Asia Times.
The Chinese car market is booming. Already in the first weeks of June 2025, sales increased by 40 percent compared to the previous year.
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