Summary

BYD’s US$60 billion market value loss highlights investor concerns about China’s electric vehicle (EV) sector. Weak domestic demand, rising raw material costs, and potential earnings downgrades are causing negative sentiment. While exports remain strong, the domestic market’s fierce competition and cost inflation pose significant challenges for profitability.

https://www.theedgesingapore.com/news/electric-vehicles/byds-us60-bil-wipeout-points-deeper-turmoil-chinese-electric-cars