Journalists Wandering Eyes Posted Tuesday at 09:00 AM Journalists Posted Tuesday at 09:00 AM BYD, China’s biggest electric-vehicle (EV) maker, slashed prices by as much as 34 per cent, escalating a price war among the nation’s already floundering EV producers. Discounts will apply to 22 BYD battery-powered and plug-in hybrid models through the end of June, the automaker said on Friday. Rivals including IM Motors, a unit of state-backed SAIC Motor, and Stellantis-backed Leapmotor responded by making similar cuts. (EVs make up about half of new car sales in China, as examined in an SCMP...View the full article Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.