BYD’s price cuts loom large over the Chinese electric vehicle sector

the street view in Kowloon bay

LewisTsePuiLung

The Chinese electric vehicle sector was rocked on Tuesday by price cuts announced by BYD Company (OTCPK:BYDDF). Notably, the price of the Seagull Smart Driving Edition hatchback dropped to 55,800 yuan ($7,656) from 69,800 yuan ($9,688). Overall, more than 20 model variants saw a price

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