Summary: BYD, China’s top EV maker, faces a US$45 billion stock sell-off and investor concerns over its aggressive pricing strategy amid a price war and government intervention. The company’s June-quarter profit plummeted 30%, its first decline in over three years, and it now expects to deliver 4.6 million vehicles this year, down from its earlier target of 5.5 million. While BYD grapples with domestic challenges, it is making progress abroad, with overseas volume potentially reaching 900,000 to one million units in 2025.

Link: https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-us45-billion-stock-wipeout-raises-doubts-china-outlook