BYD Shares Slide as Quarterly Profit Declines Amid Fierce EV Price War in China

Hong Kong-listed shares of Chinese electric vehicle giant BYD plunged nearly 8% on Monday after the company reported its first quarterly profit decline in more than three years, underscoring the growing toll of an aggressive domestic price war. The Tesla rival said net profit for the April-June quarter fell 30% year on year to 6.36 […] The post BYD Shares Slide as Quarterly Profit Declines Amid Fierce EV Price War in China appeared first on Tekedia.

  Business   Sep 2, 2025   0   0  Add to Reading List
BYD Shares Slide as Quarterly Profit Declines Amid Fierce EV Price War in China

Hong Kong-listed shares of Chinese electric vehicle giant BYD plunged nearly 8% on Monday after the company reported its first quarterly profit decline in more than three years, underscoring the growing toll of an aggressive domestic price war. The Tesla rival said net profit for the April-June quarter fell 30% year on year to 6.36 […]

The post BYD Shares Slide as Quarterly Profit Declines Amid Fierce EV Price War in China appeared first on Tekedia.

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