BYD’s Aggressive Price Cuts Spark EV Stock Selloff and Renew Industry Concerns
Chinese EV producer BYD revealed on May 26, 2025, that it would substantially reduce prices on more than 20 models, with the Seagull hatchback price falling to ¥55,800 ($7,770). As a result of aggressive pricing, BYD’s stock on the Hong Kong exchange fell 8.6% and this loss spread to other Chinese EV-focused companies. Industry-Wide Impact:The…