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BYD’s $18 Billion Rout Shows Fallout of Tesla Price War in China
(Bloomberg) -- A price war among electric vehicle makers in China is taking a toll on even the most resilient players, as evidenced by BYD Co.’s $18 billion drop in the past month.Most Read from BloombergMortgage Lenders Are Selling Homebuyers a LieHolding Cash Will Be a Winning Strategy in 2023, Investors SayChina’s Cautious Growth Target Limits Help to World EconomyForget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceThe