The shares of Chinese electric car businesses on the Hong Kong Stock Exchange fell on Monday, led by Byd Co., while investors accommodate the decision of the giant of the car giant, to lower the prices by 34% late last week. The best brand shares in China fell 8.3%, while the shares of competitive companies such as “Li Auto” and “Great Wall Motor” and Great Automobile Holdings more than 5%, amid investors’ concern to raise competition in the sector. ‘Byd’ has a discount on 22 models of its electric and hybrid cars sold in China, until the end of June, which has sparked a new price of war throughout the sector. In China, the car manufacturer in the largest car market in the world has reduced the declared prices. To 55800 yuan (equivalent to $ 7780), or 20%, knowing that this model is the cheapest, and it has attracted global attention thanks to the price of less than 10 thousand dollars. The company has tried to fire its stock of old models, including those who do not have the benefits of the leadership that the company announced in February that it will add it for free. Reflect the difficulty of the situation in the final market. “Citi Research” analysts that “they expect other companies to follow the example of bed in low prices”, noting that “chonging Changan automobile” announced a cash discount of 25 thousand yuan for its “deepal” cash s07). Zhejiang Leapmotor Technologies Has Made Price Adjustments to its C16 (C16) cars and a large -size multi -use sports car, and “C11”, which is a multiple sports car. ‘Byd’ rose between 30% and 40% compared to the previous week, following the statements of the weekends. A million cars despite the problems of the industry. The semi-conductor- in addition to the large size locally, contributes to reducing production costs.
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