Etiqueta: Industry

Chinese electric vehicle (EV) manufacturer BYD has experienced a decline in quarterly profits, amid a price war clampdown.

The latest investor updates on stocks that are trending on Monday

BYD saw a 6% drop in HK-listed shares after reporting a 30% decline in net profit at Q2 earnings call. Sales surged in Europe and India.

Over the past few days, I have been scouring through BYD’s 1H Interim Report. Overall, performance was what I expected, if below some projections, but a few notable items stood out.

The Resilience and Opportunity in China's Smaller EV Makers Amid BYD's Global Expansion

BYD’s Profit Decline and the Risks of Sustained Price Wars in the EV Sector: Assessing the Long-Term Sustainability of Aggressive Growth Strategies

Hong Kong-listed shares of BYD fell more than 6% after the Tesla rival reported a quarterly profit drop amid a price war in its domestic industry.

BYD’s profit fell nearly 30% in Q2, its first decline in three years.

HONG KONG (Reuters) -The Hong Kong-listed shares of BYD were set to slide 8% on Monday after the Chinese electric vehicle maker reported quarterly profit fell for the first time in more than three years amid a cutthroat price war across the industry. The stock was set to open at HK$105.20. (Reporting By Donny Kwok and Anne Marie Roantree; Editing by Kim Coghill)

BYD's Profit Decline and the Risks of an Uncontrolled Chinese EV Price War: Assessing the Sustainability of a High-Stakes Growth Strategy