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NIO and XPeng Shares Slide after BYD Drops Ruthless Price Cuts
tipranks.com/news/ev-panic-byd-price-cuts-shake-nio-xpeng-and-li-auto-as-chinas-ev-war-escalatesA weekend move by BYD (BYDDY) (BYDDF) to slash prices on some of its top-selling electric vehicles just sent tremors through the Chinese EV sector. While BYD is aiming to juice demand and protect market share, the knock-on effect was immediate: stocks of rival EV makers NIO (NIO), XPeng…
This story appeared on tipranks.com, 2025-05-27 21:52:22.878000.