(May 26): BYD Co led Chinese electric vehicle (EV) stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 35% late last week.

Shares of China’s No 1 selling car brand tumbled as much as 8.3%, while peers Li Auto Inc, Great Wall Motor Co and Geely Automobile Holdings Ltd dropped more than 5% amid investor concern about intensifying competition in the sector.

BYD offered discounts on 22 of its electric and plug-in hybrid models until the end of June, fanning the flames of a renewed sector-wide price war. While EV sales have overall reached new annual highs, growth has been decelerating.

To kickstart sluggish consumer demand — made worse by China’s broader economic malaise — automakers in the world’s biggest car market have slashed sticker prices. Even so, stock levels at dealerships last month reached 3.5 million cars, or 57 inventory days, the highest since December 2023, according to data shared last week by the China Passenger Car Association.

Revisions by BYD include paring the price of its Seagull hatchback to 55,800 yuan (US$7,780 or RM32,609), a 20% reduction to a model that was already the carmaker’s cheapest and one that had garnered global attention for its sub-US$10,000 price tag. The Seal dual-motor hybrid sedan saw the biggest price cut at 34%, or by 53,000 yuan to 102,800 yuan.

In recent months, BYD has attempted to clear inventory of older models, including ones without the new driver assist features — which the automaker announced in February would be added to its models for free. The pivot hasn’t been without problems, further hurting the struggling dealerships it does business with.

https://theedgemalaysia.com/node/756680

Ccp companies even dare to give out property discount by 50%

https://www.freemalaysiatoday.com/category/...lf-price-anyone

So this 35% discount is already give face!

This post has been edited by knwong: May 26 2025, 06:30 PM

Lol typical locust behaviour in spoiling market with junk via price manipulation

Anyway talk so much also useless with retarded protectionism here

where 150k sealion

here also 35%? or Sime Darby telan semua?

I was looking for this article that day! Poorperty price never drop wan! Except when XPP developer!

I will consider Sealion 4.5s only when RM100k

Owaiiii

I am still waiting for Xiaomi SU7 ultra. Hopefully by the time it arrives here, everything stabilised

Why price drop so much? Not selling well?

China got too many EV companies producing good n lousy EV. Once the industry consolidates, many wannabes would collapse leaving few strong ones. China is already very advanced in both EV & solar n r leading the world, it is matter of time many legacy carmakers would collapse cos it is already too late to play catchup.

And this is the start of the end of China EVs.

Already told u guys, EV is not the future

kevin mana?

Sime Babi sell EXPANSIVE !!!

Kecian BYD's suppliers. Their profit margin must be razer thin, or non- existent.

Sime Darby won't even budge their prices, regardless international the car prices dropped...

you think Proton gonna drop their price if Geely drops theirs?...

pfftt.....Malaysia land of squeezing citizens of hard earn money....for their luxury business/first class traveling .....and big lump sum expenses that do not detail logic spending....asal rakyat bayar....
i mean rakyat yang bayar TAX....

the 35% masuk their pocket

Bila Seal top spec RM30k?

Keep dreaming... won't happen here. Cronies need to 'eat' like no tomorrow. The best they will give - some freebies like cheap wall charger, etc.