According to Bloomberg, BYD Discounts Show China’s EV Price War Is Worsening.
The move reflects growing pressure among automakers to maintain market share amid slowing demand and overcapacity.
Shares of Chinese EV producers have been volatile in recent weeks, with BYD's aggressive pricing strategy likely to intensify competitive pressures across the sector.
However, demand has not kept pace, particularly in China, where government incentives have waned.