this post was submitted on 19 Jun 2025
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Price war sparks EV financial crisis concerns in China as BYD executive calls competition in Chinese electric vehicle market 'unsustainable' (asiatimes.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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cross-posted from: https://lemmy.sdf.org/post/37005961

Archived

[Chinese EV manufacturer] BYD is facing growing challenges from an intensifying price war and a change in supplier payment regulations in China, raising market concerns about the company’s financial stability.

[...]

BYD executive vice president Stella Li told Bloomberg in an interview on June 12 that the “very extreme, tough competition” in the Chinese EV market is unsustainable.

[...]

Last October, the European Union imposed tariffs ranging from 17% to 35.3% on Chinese EVs (BYD: 17%, Geely: 18.8%, SAIC and others: 35.3%). China suggested setting minimum prices for the EVs it ships to the EU. Both sides are still negotiating the matter.

[...]

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