US EditionPrice War Sparks EV Financial Crisis Concerns in China
- On June 13, 2025, BYD executives warned that China's ongoing EV price war is dangerous, unhealthy, and unsustainable for the industry.
- This warning followed BYD's aggressive late-May price cuts of 10 to 30 percent on models like the Dolphin, Seal, and Atto 3, amid shrinking margins and pressure on smaller brands in an oversupplied market.
- In 2024, BYD’s net profit increased by 34 percent, reaching 40.3 billion yuan, while its revenue saw a 29 percent rise to 777.1 billion yuan. During the same period, the company’s total debt expanded by 10.3 percent, totaling 584 billion yuan, with a debt-to-asset ratio of 74.64 percent.
- Last October, the European Union implemented tariffs on Chinese electric vehicles ranging between 17 and 35.3 percent, with BYD subject to a 17 percent rate. Meanwhile, BYD intends to invest as much as $20 billion to grow its presence across European markets in the coming years.
- These developments indicate that despite BYD's global growth and market strength, escalating price competition risks undermining profit sustainability and pressuring many automakers, especially smaller brands.
21 Articles
21 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.
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