Source: China – South China Morning PostBYD, China’s biggest electric-vehicle (EV) maker, slashed prices by as much as 34 per cent, escalating a price war among the nation’s already floundering EV producers.
Discounts will apply to 22 BYD battery-powered and plug-in hybrid models through the end of June, the automaker said on Friday. Rivals including IM Motors, a unit of state-backed SAIC Motor, and Stellantis-backed Leapmotor responded by making similar cuts. (EVs make up about half of new car sales in China, as examined in an SCMP…Read More