Summary: China’s electric vehicle (EV) industry is experiencing a price war, led by BYD, which has resulted in tumbling share prices and government intervention. Analysts predict further consolidation due to weak demand and extreme overcapacity, with only half of production capacity utilized. While price drops benefit consumers, they pose risks for automakers, potentially damaging brand value and leading to reduced investment in quality and safety.

Link: https://www.straitstimes.com/business/companies-markets/byd-unleashes-an-ev-industry-reckoning-that-alarms-beijing