BYD, China's largest EV maker, faces profitability test due to leading price war in the Chinese EV market.
BYD, China's largest EV maker, faces a test of its profitability after leading the latest price war in the Chinese EV market. Breaking from tradition, BYD provided guidance ahead of its earnings report, as stock volatility skew reached its highest since October 2022. Investors will analyze BYD's results for signs of further aggressive steps following its price cuts on mass-market models earlier this year.
April 29, 2024
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