China’s BYD sees shares plunge 8% as EV maker cuts prices

Citi estimates that BYD’s price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.
Citi estimates that BYD’s price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.