BYD Company sees sharp fall in Q2 profit as China price war bites

1 week ago 1
Facade of the car dealership of the Chinese BYD, Building Your Dreams

Alfribeiro/iStock Editorial via Getty Images

BYD Company (OTCPK:BYDDF) stock price dropped nearly 8% on the Hong Kong stock exchange on Monday after the EV giant reported a sharp 30% slide in Q2 profit.

Net profit dropped to 6.4 billion yuan ($895 million) from a year earlier, it

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