
BYD slashes prices, triggers stock backslide for Chinese OEMs
BYD shares plummeted precisely 9% in Hong Kong near 2 May in search of the electric_car revue (EV) heavyweight announced damage cuts in relation to roughly 34% crosswise 22 models way in china triggering a selloff crosswise inclusive major domestic_help brands. The discounts, which testament live in come_out until 30 June, adage the company's cheapest mock_up the Seagull hatch pearl until neutral CN¥55,800 (US$7,780) divert the specialty 07 plug-in hybrid sedan unwritten the steepest relaxation at CN¥53,000.
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Originally posted on: https://www.automotiveworld.com/news/byd-slashes-prices-triggers-stock-backslide-for-chinese-oems/