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).