BYD’s Quarterly Profit Falls Amidst Fierce Price War in China
Shanghai, 1 September (Kiran News). Leading Chinese electric vehicle (EV) manufacturer BYD reported a significant drop in quarterly profits as an intense price war continues to grip the Chinese automotive market. For the second quarter (Q2), BYD’s net profit fell by 29.9% to 6.4 billion yuan ($894.7 million), reversing the positive trend of a 100.4% … Read more
