- BYD slashes prices on 22 EV models, including a 34% cut on the Seal 07 hybrid.
- Shares drop by 8.25%, with competitors like Geely and Li Auto also seeing declines.
- Price cuts aim to boost Q2 shipments by 20–30% but may reduce per-vehicle profits.
- Analysts warn of a potential “rat race” in pricing, affecting smaller brands.
👉 Why this matters: Highlights the intense competition in China’s EV market and potential risks of aggressive pricing strategies.
🔗 Source: Financial Times
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