Sherminator98 Posted June 9 Share Posted June 9 https://fortune.com/2025/06/08/byd-ev-industry-competition-price-cuts-weak-demand-overcapacity/ Quote Chinese authorities are trying to minimize the fallout, chiding the sector for “rat race competition” and summoning heads of major brands to Beijing last week. Yet previous attempts to intervene have had little success. For the short term at least, investors are betting few automakers will escape unscathed: BYD, arguably the biggest winner from industry consolidation, has lost $21.5 billion in market value since its shares peaked in late May. “What you’re seeing in China is disturbing, because there’s a lack of demand and extreme price cutting,” said John Murphy, a senior automotive analyst at Bank of America Corp. Eventually there will be “massive consolidation” to soak up the excess capacity, Murphy said. 1 Quote Link to comment Share on other sites More sharing options...
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