Price-war evolves: BYD, Tesla, and Xiaomi launch 7-year loans to fight 2026 sales slump
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A price war is reportedly intensifying with BYD, Tesla, and Xiaomi introducing 7-year loans. This move appears to be a response to a sales slump. The companies involved are major players in their industry, but details of the loans and the current state of the sales slump are not specified.