Electric Vehicle Price Wars

To address declining sales within China's electric vehicle (EV) industry, major players BYD and Xpeng have initiated a competitive price battle. In February, both companies faced significant sales drops, with BYD witnessing a nearly 40% decrease and Xpeng experiencing a decline of almost 45%. BYD, headquartered in Shenzhen and supported by Warren Buffett's Berkshire Hathaway, adopted […]