Automundo China

It follows a plunge of more than 9% on Monday, which was a reversal from its record high last week.

Citi estimates that BYD's price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.

BYD shares dropped 8.5% after announcing price cuts up to 35%.

Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.

(Bloomberg) -- BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 35% late last week.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadPacific Coast Highway to Reopen Near Malibu After January FiresShares of China’s No. 1 selling car brand tumbled as much as 8.3%,

BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week.

Xiaomi recently launched a new electronic vehicle that takes aim at Tesla’s most popular car, the Model Y.

BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.

Eagers Automotive Limited ( ($AU:APE) ) has issued an update. Eagers Automotive Limited has announced a new long-term agreement to extend its retail representation ...