BYD's Market Wipeout and Comeback Amid China’s EV Price War
TL;DR Summary
BYD's stock has plummeted over 30%, losing $45 billion in value amid investor concerns over its aggressive discounting strategy to compete with domestic and U.S. rivals, coupled with disappointing quarterly results and a reduced vehicle delivery forecast, raising questions about its long-term growth prospects.
- BYD Stock (BYDDY) Reverses as Price Cuts Drive $45B Stock Selloff TipRanks
- BYD’s $45 Billion Stock Wipeout Raises Doubts on China Outlook Bloomberg.com
- Can China stop its EV price wars? Financial Times
- BYD loses $45 billion in market cap, analysts turn bearish as concerns mount CNBC TV18
- BYD: Supplier Pledge And Energy Storage Investments Spark Comeback Jump Seeking Alpha
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