Hong Kong-listed BYD shares dropped nearly 8% after a 30% Q2 profit plunge, hitting 6.36B yuan amid fierce EV price wars in China. Despite 14% higher revenue driven by overseas sales, aggressive pricing cut average car prices 19%, squeezing profits. BYD stays China’s EV leader in a tough market. Read on: https://www.cnbc.com/2025/09/01/byd-hong-kong-shares-fall-nearly-8percent-after-quarterly-profit-drop.html Dylan Butts delivers a detailed analysis. #BYD #quarterlyprofit #EVmarket #China #pricewar #stocks #revenue #automotiveindustry

BYD posted its first monthly sales decline of 2025 in July, as China's EV price war intensified, with Li Auto and Nio also reporting sharp drops while Xiaomi and Leapmotor saw gains.
#YonhapInfomax #BYD #ElectricVehicle #PriceWar #LiAuto #MonthlySalesDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75435

BYD Sparks EV Price War in China with Major Discounts

BYD slashed EV prices by up to 34%, pressuring rivals like Nio and XPeng to follow suit. The move shook the market, causing stock dips across the sector. Despite risks to profit, BYD’s low-cost edge and global momentum keep it strong.

#BYD #EVMarket #PriceWar #ChinaEV #TeslaRival #ElectricVehicles #AutoNews #Nio #XPeng #TechNews #TECHi

Read Full Article Here :- https://www.techi.com/china-ev-price-war-deepens-byd-initiate-major-discounts/

BofA upgrades Diamondback Energy to "buy", citing its well-balanced combination of value and defensiveness amid oil market challenges and potential easing of price war
#YonhapInfomax #BankOfAmerica #DiamondbackEnergy #OilMarket #InvestmentUpgrade #PriceWar #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61102

Automakers slash EV prices to 30 million won range to overcome sales slump and Chinese competition, raising concerns about profitability and sustainability in the evolving electric vehicle market.
#YonhapInfomax #ElectricVehicles #PriceWar #AutomakerStrategy #MarketChasm #ConsumerDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50514

China's richest man, Zhong Shanshan, accuses PDD of damaging his bottled-water empire through a price war and ByteDance of fueling online vitriol against him. A brewing clash in China’s business world. 💥💧 #ZhongShanshan #PDD #ByteDance #PriceWar #BottledWater #BusinessDrama #ChinaBusiness #TechNews

Chinese LLM price war: Startups in China are competing to offer the cheapest AI access
https://www.economist.com/business/2024/06/13/a-price-war-breaks-out-among-chinas-ai-model-builders
#pricewar #startup #china #tech #llm #ai #+

"The price war triggered by #Tesla has sucked in more than 40 brands, shifted demand away from older models and forced some automakers to curb production of both #EVs and combustion-engine cars, or shut factories altogether.

At the same time, pay cuts and lay-offs in the #AutoIndustry and its suppliers are hitting living standards.. "

Insight: #China's #AutoWorkers bear the brunt of #PriceWar as fallout widens | Reuters
https://www.reuters.com/business/autos-transportation/chinas-auto-workers-bear-brunt-price-war-fallout-widens-2023-09-05/

It's called the Law of Diminishing Returns & Tesla isn't immune.
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The Chinese auto market accounts for 30 to 40% of Tesla's profitability, #MorganStanley estimates. Its biggest competition there, #BYD (whose stock has declined since the price war began), has also introduced discounts. But waning reactions to those also "mark another climax of the price battle."

#Tesla's #PriceWar is starting to backfire | #EVMarket #ElonMusk
https://www.msn.com/en-us/money/companies/teslas-price-war-is-starting-to-backfire/ar-AA18C1JD

#Tesla has started the #pricewar 10 days ago, now #China is responding... #Xpeng slashed its prices by ca. $22'000 (approx. 13%)...

This is good news for consumers but it will definetly hurt manufactures...