China braces for new price war as BYD offloads stock
May 27, 2025
China’s biggest carmaker, BYD, has rolled out sweeping price cuts across its Dynasty and Ocean series electric vehicles in a move that underscores growing pressure in the world’s largest auto market. The discounts — as high as 34% — come amid ballooning dealer inventories and a cooling appetite among Chinese consumers, and have sent shockwaves […]