BYD Reduces Prices of Electric Vehicles (EVs) by as Much as 35%

World’s biggest EV manufacturer, BYD, has reduced the prices of many of its EV models by up to 35%. After this announcement stock prices of BYD and many other Chinese EV firms are on the decline today, 26^th May, 2025.

At 9:44 a.m. Indian standard time, BYD’s stock price was down by 5.14% in the day. It was trading at 384.19 Yuan. Great Wall Motors’ stock was down by 2.56%. It was trading at 22.82 Yuan. Li Auto’s stock was down by 4.85%. It was trading at 108 HKD.

Hang Seng index was down by 1% today, at this time. One reason for this decline is the decline in prices of EV stocks.

Price competition in EV industry will intensify

Price cut by BYD will intensify price competition in the EV sector. EV and automobile companies in other countries are also going to be impacted. Their stock prices will also get impacted. Growth rate of EV sales is already slowing down in many major markets.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: BYD