<ul><li>Shares in Chinese electric vehicle giant BYD closed lower on Monday after the company announced price cuts on 22 models to boost sales.</li><li>BYD's move is expected to trigger a price war in the Chinese EV market, prompting concerns about potential profit impacts on the industry.</li><li>Analysts anticipate competitors to follow suit with similar discounts to maintain market share, leading to increased competition in the sector.</li><li>The price reductions by BYD and other Chinese EV firms could affect profitability not only in China but also impact overseas sales, with companies like Tesla facing challenges in the market.</li></ul>

BYD Discounts Relaunch China’s EV Price War

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