BYD's price war in China's EV market is forcing out weaker competitors and reshaping the European small EV market.

China's electric vehicle (EV) industry is facing turmoil due to a fierce price war led by BYD, causing stock prices to drop and prompting government intervention. Weak demand and overproduction have hit profits and forced weaker competitors out. Meanwhile, BYD is expanding into Europe with its affordable Dolphin Surf EV, priced between €22,990 and €24,990, challenging European brands and potentially reshaping the small EV market there.