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Chinese EV stocks tumble after BYD slashes prices as much as 34%


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Published in Stocks and Investing on by Fortune   Print publication without navigation

Shares of China's No. 1 selling car brand tumbled as much as 8.3%, while peers Li Auto, Great Wall Motor and Geely Automobile Holdings dropped more than 5%.


On May 26, 2025, Chinese electric vehicle (EV) stocks experienced a significant decline following BYD's announcement of price cuts ranging from 10% to 34% across its entire range of electric vehicles. BYD, one of China's leading EV manufacturers, implemented these reductions in an effort to boost sales amid intensifying competition and slowing demand in the Chinese market. The price slashes led to a ripple effect, causing shares of other major Chinese EV makers like NIO, XPeng, and Li Auto to plummet as investors worried about potential price wars and shrinking profit margins. This move by BYD underscores the challenges faced by the EV industry in China, where companies are grappling with overcapacity and the need to maintain market share in a highly competitive landscape.

Read the Full Fortune Article at:
[ https://fortune.com/asia/2025/05/26/chinese-ev-stocks-tumble-after-byd-slashes-prices-as-much-as-34/ ]

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