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flag BYD slashes EV prices globally to defend market share.

flag BYD is aggressively cutting EV prices by about 10% globally to defend its market share against rising competition. flag This price war is fueled by excess manufacturing capacity in China, forcing automakers to lower costs even as profit margins shrink. flag As the industry faces financial pressure and a "brutal knockout stage," companies are also focusing on expanding charging infrastructure to boost consumer confidence.

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