BYD shares fall after wide-ranging price discounts
- BYD stock was down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.
- BYD has started offering wide-ranging discounts, raising concerns about stiffer competition.
BYD (HKG: 1211, OTCMKTS: BYDDY) shares traded in both Hong Kong and Shenzhen were down in early Monday trading, as wide-ranging price discounts stoked the risk of a price war.
BYD fell 6.53 percent to HK$434.8 in Hong Kong and 3.89 percent to RMB 389.25 in Shenzhen at press time.
On Friday, the heads of both BYD’s Dynasty and Ocean series announced on Weibo that both product arrays had begun offering wide-ranging discounts on…
