BYD Delivers Steeper-Than-Expected Profit Drop Amid EV Price War
BYD Co. reported a steeper-than-expected slump in fourth-quarter profit as relentless competition and tighter regulation in China ramped up pressure on the world’s biggest electric vehicle maker to reignite stalling...
By Charlie Zhu, Chunying Zhang · Bloomberg Markets
BYD Co. reported a steeper-than-expected slump in fourth-quarter profit as relentless competition and tighter regulation in China ramped up pressure on the world’s biggest electric vehicle maker to reignite stalling momentum.