BYD Stock Plummets. How China's EV Price War Tanked Tesla Rival's Earnings. -- Barrons.com

Dow Jones

Sep 01

By George Glover

BYD stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war.

BYD shares closed 5.2% lower at 108.40 Hong Kong dollars. The benchmark Hang Seng Index climbed 2.2% after online retailer Alibaba reported a surge in its revenue from artificial intelligence. U.S. markets were closed for Labor Day.

After the Hong Kong close on Friday, BYD reported second-quarter net income of 6.36 billion yuan ($890 million) on revenue of 200.92 billion yuan ($28.18 billion). Analysts were expecting net income of Yen10.24 billion on revenue of Yen206.89 billion, according to a FactSet poll.

Rival Chinese EV makers have slashed their prices this year in a bid to counter faltering domestic demand, forcing BYD to offer steep discounts to defend its market share. Friday's results show the damage that's doing to the company's bottom line.

Tesla has got caught up in the price war, too. The U.S. auto maker just cut the price of one variant of its Model 3 car in China to Yen259,500, down from Yen269,500 previously, its website showed on Monday.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 01, 2025 06:58 ET (10:58 GMT)

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How China's EV Price War Tanked Tesla Rival's Earnings. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war. \n</p>\n<p>\n     BYD shares closed 5.2% lower at 108.40 Hong Kong dollars. The benchmark <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> Index climbed 2.2% after online retailer Alibaba reported a surge in its revenue from artificial intelligence. U.S. markets were closed for Labor Day. \n</p>\n<p>\n     After the Hong Kong close on Friday, BYD reported second-quarter net income of 6.36 billion yuan ($890 million) on revenue of 200.92 billion yuan ($28.18 billion). 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 01, 2025 06:58 ET (10:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD Stock Plummets. 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How China's EV Price War Tanked Tesla Rival's Earnings. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-01 18:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war. \n</p>\n<p>\n     BYD shares closed 5.2% lower at 108.40 Hong Kong dollars. The benchmark <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> Index climbed 2.2% after online retailer Alibaba reported a surge in its revenue from artificial intelligence. 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The U.S. auto maker just cut the price of one variant of its Model 3 car in China to Yen259,500, down from Yen269,500 previously, its website showed on Monday. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 01, 2025 06:58 ET (10:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLL","symbol_name":"Direxion Daily TSLA Bull 2X Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2564281186","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564281186","pubTimestamp":1756724280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"BYD stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war.BYD shares closed 5.2% lower at 108.40 Hong Kong dollars. The benchmark Hang Seng Index climbed 2.2% after online retailer Alibaba reported a surge in its revenue from artificial intelligence. U.S. markets were closed for Labor Day.After the Hong Kong close on Friday, BYD reported second-quarter net income of 6.36 billion yuan  on revenue of 200.92 billion yuan . Analysts were expecting net income of Yen10.24 billion on revenue of Yen206.89 billion, according to a FactSet poll.Rival Chinese EV makers have slashed their prices this year in a bid to counter faltering domestic demand, forcing BYD to offer steep discounts to defend its market share. Friday's results show the damage that's doing to the company's bottom line.Tesla has got caught up in the price war, too. The U.S. auto maker just cut the price of one variant of its Model 3 car in Ch","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TSLL":"Direxion Daily TSLA Bull 2X Shares"},"translate_title":"比亚迪股价暴跌。中国的电动汽车价格战如何打击特斯拉竞争对手的盈利。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1},"content_text":"By George Glover \n\n\nBYD stock plummeted on Monday after the Chinese electric-vehicle maker reported a big slump in its quarterly profit, dented by a brutal price war. \n\n\n     BYD shares closed 5.2% lower at 108.40 Hong Kong dollars. The benchmark Hang Seng Index climbed 2.2% after online retailer Alibaba reported a surge in its revenue from artificial intelligence. U.S. markets were closed for Labor Day. \n\n\n     After the Hong Kong close on Friday, BYD reported second-quarter net income of 6.36 billion yuan ($890 million) on revenue of 200.92 billion yuan ($28.18 billion). Analysts were expecting net income of Yen10.24 billion on revenue of Yen206.89 billion, according to a FactSet poll. \n\n\n     Rival Chinese EV makers have slashed their prices this year in a bid to counter faltering domestic demand, forcing BYD to offer steep discounts to defend its market share. Friday's results show the damage that's doing to the company's bottom line. \n\n\nTesla has got caught up in the price war, too. The U.S. auto maker just cut the price of one variant of its Model 3 car in China to Yen259,500, down from Yen269,500 previously, its website showed on Monday. \n\n\n     Write to George Glover at george.glover@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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