BYD -shares bleed more than 10% in the midst of the price war in two days

Tuesday, by -shares still made losses in Hong Kong trading, to decline within two days, 10%, after the wide cuts in prices announced last week raised the fear of a new wave of sharp price competition in the electrical car market in China. The shares fell by 4% on Tuesday morning, after 8.6% fell Monday. The wave of sale began after the giant in the area of ​​electric cars announced 34% price discounts on 22 models for loading electric cars in China until the end of June. The company took this step after it recorded the slower annual car sales growth for more than four years last month. Atdue sales in April, although the company’s sales rose 21% year -on -year in April, it was the smallest monthly increase since August 2020, with the exception of the decline in the delivery in February 2024 due to the Monday’s holiday, which saw the decline in the sector’s sales by the country by 22%. According to the data of the China Technology Technal and Research Center, the company ‘suffered autobililiol Holdings’, the best model in China, was better than the famous ‘bed’. An intense competition in the car market said: ‘Morgan Stanley’ analysts said that the prize competition that is likely to continue, and its effects extend to the second half of the year. Joanna Chen believes in the car analyst ‘Bloomberg Intelligence’ that the last Towning price through 22 models of electric cars discounts’, the company’s focus in 2025 emphasizes increasing quantities, forcing competitors to either deliver greater discounts, or to lower the year between 15% and the market share. The growth of the sector. The stock recorded its highest level ever last week, achieved its best sales month in China and performed better for the first time in April for the first time in April, and raised $ 43.5 billion in Hong Kong ($ 5.5 billion) during March to offer shares in Hong Kong. Before falling this week, the shares of the “atd” listed in Hong Kong have jumped by about 75% since the beginning of the year, and the market value of the company has reached about $ 158 billion, with the market value of Ford, GM and Volkswagen businesses. The company unveiled a group of cars that could be sent within five minutes and began to include the Advanced God’s Eye to help drivers as a basic benefit in cars that started prices of 100,000 yuan (13,900) as it was included in several low -cost models, such as the famous “segol” car. And some of the models included in the recent discount are equipped with the “God’s” system. The release of monthly sales data next Sunday would be an opportunity for investors to assess the progress of “bed” in the market and its actual performance during May.