BYD profits plunge on domestic price wars
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
BYD's profits have decreased significantly, reportedly due to a price war in the domestic market. The company's domestic sales have slowed, while its exports have reached record levels. The extent of the profit decline is unclear, with one report citing a 55% plunge, as the chinese ev market experiences intense competition.
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