Price Wars In China Cause BYD Shares To Slide

(MENAFN- Investor Brand Network) China's electric vehicle market is facing one of its toughest battles yet, and even the industry leader BYD is feeling the heat. The company's shares fell sharply this week after it reported a big drop in profit, showing just how damaging the ongoing price war has become.

It remains to be seen what impact the price war in China is having on other brands like NIO Inc. (NYSE: NIO) that are also in the race to increase their share of the...

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