Regardless of a July slowdown, BYD retains its lead in China’s aggressive EV market.
Anna Barclay | Getty Pictures Information | Getty Pictures
Hong Kong-listed shares of BYD fell by as a lot as 7.87% on Monday after the Tesla rival reported a quarterly revenue drop amid an aggressive worth struggle throughout its home trade.
The Chinese language electrical automobile maker on Friday reported income of 6.4 billion yuan ($891 million) for the June quarter, down about 30% from a 12 months earlier, regardless of an enlargement in gross sales abroad.
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