The fallout is becoming impossible to ignore in the fierce battle among Chinese carmakers.
With BYD Co. reporting a staggering 30% plunge in quarterly profit Friday, its first decline in over three years, it’s become clear that not even dominant players are safe in the cutthroat battle for market share. The carmaker’s stock dropped as much as 8% in Hong Kong on Monday, before paring losses.
Keep informed with the most important events in market and advanced calculators.