US EditionBYD Shares Extend Losses as Price Cuts Throw Spotlight on Sales
- On May 23, 2025, BYD Auto revealed new price cuts ranging from 6% to 34% across a variety of its electric and plug-in hybrid vehicle models in China, with the reductions set to remain in effect until June 30.
- BYD's aggressive discounts respond to rising dealer inventories and slowing demand amid a multi-year ongoing price war in China's highly competitive EV market.
- These cuts impacted BYD's shares, which dropped over 8% on May 26 and extended losses into the following day on the Hong Kong Stock Exchange, reflecting market concern.
- Analysts estimate the reductions could boost weekly sales by 30% to 40%, though margins may suffer short term, with competitors also expected to match discounts amid intensifying domestic rivalry.
- This price war highlights ongoing challenges in China's EV sector, including market consolidation pressures and regulatory scrutiny over sales tactics like zero-mileage car reporting.
52 Articles
52 Articles
BYD Sparks Price War In China, Slashes New Car Prices By Up To 34% - CleanTechnica
BYD has shocked the new car marketplace in China by slashing prices on its cars by up to 34%. Is it playing the long game? The post BYD Sparks Price War In China, Slashes New Car Prices By Up To 34% appeared first on CleanTechnica.
Gary Black Says Price War By BYD Threatens Tesla — Dismisses Elon Musk's Comeback As 'Non-Event' - BYD (OTC:BYDDF), Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)
Shares of Tesla Inc. (NASDAQ:TSLA) might be in for a rough week, according to the Managing Partner of The Future Fund, Gary Black, following the announcement of steep discounts by the company’s Chinese rival. What Happened: Black took to X on Monday, addressing concerns regarding the latest price war in the highly competitive EV market and its impact on Tesla. He was referring to Chinese automaker BYD Auto Co. Ltd. (OTC:BYDDF) and its recently a…
China’s BYD, Geely offer big incentives in latest price war move · TechNode
BYD on May 23 announced fresh incentives to prospective owners, saying customers who trade in their old cars for new ones will now be granted a limited time price cut of up to RMB 53,000 ($7,372) on its electric vehicles, with rivals such as Geely immediately following suit. The Seagull small hatchback, BYD’s cheapest model, now costs only RMB 55,800, or 20% less than its price before the discount was announced, while the Seal 07 plug-in hybrid …
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