{"id":561054,"date":"2023-03-07T08:58:10","date_gmt":"2023-03-07T03:28:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561054"},"modified":"2023-03-07T09:27:02","modified_gmt":"2023-03-07T03:57:02","slug":"byds-18-bn-rout-shows-fallout-of-price-war-among-ev-makers-in-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/byds-18-bn-rout-shows-fallout-of-price-war-among-ev-makers-in-china\/","title":{"rendered":"BYD&#8217;s $18 bn rout shows fallout of price war among EV makers in China"},"content":{"rendered":"<p>A price war among electric vehicle makers in China is taking a toll on even the most resilient players, as evidenced by BYD Co.\u2019s staggering $18 billion drop in the past month.<\/p>\n<p>The US-listed shares of the manufacturer that\u2019s backed by Warren Buffett have declined 14% since Feb. 1, underperforming rival Tesla Inc. which advanced 9% during the period. In comparison, a gauge of global EV makers fell 9%.<\/p>\n<p>Traders are growing wary about BYD\u2019s prospects after the electric vehicle maker\u2019s dealers slashed prices of some models to boost sales. The change in sentiment underscores the wave of caution that\u2019s sweeping the industry following moves by Nio Inc. and XPeng Inc. to follow Tesla\u2019s lead in lowering prices as demand slows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A price war among electric vehicle makers in China is taking a toll on even the most resilient players, as evidenced by BYD Co.\u2019s staggering $18 billion drop in the past month. The US-listed shares of the manufacturer that\u2019s backed by Warren Buffett have declined 14% since Feb. 1, underperforming rival Tesla Inc. which advanced 9% during the period. In comparison, a gauge of global EV makers fell 9%. Traders are growing wary about BYD\u2019s prospects after the electric vehicle maker\u2019s dealers slashed prices of some models to boost sales. The change in sentiment underscores the wave of caution that\u2019s [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-561054","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=561054"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561054\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}