BYD stocks plunge following deep price cuts as EV sales surpass Tesla in Europe
Forrás:
Euronews.com
3 hónapja
BYD's shares fell 8.6% after announcing significant discounts on some models, raising concerns about a potential price war in China's EV market. Despite this decline, BYD's stock is still up over 50% year-to-date. The company aims to reduce excess inventory and boost sales, with analysts predicting a 30-40% increase in sales due to the price cuts. BYD has also surpassed Tesla in European sales for the first time, reporting strong growth and significant investments in technology. Teljes cikk (Euronews.com)