BYD shares slide as China’s EV price war hits profits
SEP 1 - Shares in Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because of a price war in China's Kenya breaking news | Kenya news today |..
✨ Key Highlights
Shares in Chinese electric vehicle maker BYD plummeted by as much as 8% on Monday after the company reported a significant drop in profit due to an ongoing price war in China’s car sector.
- BYD's net profit fell to 6.4 billion yuan ($900 million; £660 million) between April and June, marking a 30% decrease from the previous year.
- The industrial policy expert Prof Laura Wu from Nanyang Technological University in Singapore noted that BYD's "surprising" performance indicates that even the sector leader isn't immune to the "cut-throat" price war.
- Average car prices in China have fallen by around 19% over the past two years, now costing approximately 165,000 yuan ($23,100; £17,100).
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Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025
Investor behavior has led to significant shifts in global markets. The price of gold surged to a record high of $3,508.50 per ounce as global economic uncertainty, influenced by US trade policies and expected interest rate cuts, drives investors toward the safe haven asset. Conversely, shares in Chinese electric vehicle maker BYD plummeted by as much as 8% on Monday. The stock drop occurred after the company reported a significant drop in profit resulting from an ongoing price war in China’s car sector. An article on the psychology of investing notes that such financial decisions are heavily influenced by emotions and biases, especially in volatile markets.
