China’s BYD sees shares plunge 8% as EV maker cuts prices
BYD’s shares fell as much as 8.25% Monday after the company cut prices on 22 electric and hybrid models, including slashing the Seagull hatchback price by 20% and the Seal sedan by 34%. The price cuts, effective until June, sparked a surge in dealership foot traffic but also raised concerns of a price war in China’s auto sector. Other automakers’ shares, including Geely, Great Wall, … Continue reading China’s BYD sees shares plunge 8% as EV maker cuts prices
