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Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into margins.

China's BYD shows effects of price war with weaker profit growth

BEIJING (Reuters) -Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market. First-quarter net profit was up 10.6% at 4.57 billion yuan ($631.08 million) while revenue grew by 4% to 124.94 billion yuan, BYD said in a stock market filing. With a brand portfolio at different price points, BYD has ramped up efforts to move upmarket while doubling down on discounts to vie for cautious consumers amid a sputtering economic recovery.

(Bloomberg) -- After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Trump’s Economic Confidants Battl

While we've covered the big debuts from the likes of BMW, Lamborghini, and Mini, here is a roundup of some of the other wild concepts and EVs at the event.

New concept previews rear-driven BYD Ocean-M hatchback, which is tipped to get a racey range-topper

China’s BYD is unleashing a series of new electric vehicles as it expands the brand globally. BYD unveiled two new...

The electric Mercedes G-Class, BYD's first pick-up and Ora's 395bhp sports saloon are among the headliners

President of BYD Europe talks about the firms’s efforts to expand into Europe, how the lack of infrastructure is impeding EV sales, and how plug-in hybrids prepare the way for all-electric cars