Etiqueta: Hong Kong

Carmaker BYD last week offered discounts for many of its models, triggering industry concerns about another price war.

Industry leader BYD announces fresh round of price cuts for its models

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

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

(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.

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

(Bloomberg) -- BYD Co.’s shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNYC’s War on Trash Gets a Glam SquadNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeThe shares gained as

BYD sold more pure battery electric vehicles than Tesla for the first time last month, a "watershed moment" for the region's car market, JATO Dynamics said.

Shares of Chinese electric vehicle maker BYD Co. ($BYDDF) ($HK:1211) hit a new 52-week high on the Hong Kong Stock Exchange during mid-day trading today, befo...