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cover of episode China's BYD Slashes EV Price, China-European Union Trade Officials to Meet

China's BYD Slashes EV Price, China-European Union Trade Officials to Meet

2025/5/27
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
D
Danny Lee
J
Joohee An
M
Minmin Low
Topics
Danny Lee: 作为亚洲交通运输记者，我认为比亚迪凭借其规模和市场主导地位，在电动汽车价格战中具有先发优势。然而，比亚迪大幅降价引发了市场反应，导致自身股价下跌，整个行业也受到了影响。电动汽车库存上升，汽车制造商面临着降价竞争的挑战。所有汽车制造商都受到了比亚迪降价的影响，利润将受到侵蚀。汽车制造商正努力应对转型，比亚迪的价格战对整个行业来说是个坏消息，我认为这对比亚迪和其他公司来说，既是机遇也是挑战。

Deep Dive

Chapters
BYD's substantial price reductions of up to 34% on 22 EV models sparked a market reaction, with its shares falling significantly. This move is analyzed in the context of China's competitive EV market and high inventory levels.
  • BYD's price cuts of up to 34%
  • Market reaction: BYD shares fell almost 9%, wiping off US$13 billion from its market cap
  • High EV inventories (57 days) in China
  • Competitors forced to respond with similar price cuts, impacting margins

Shownotes Transcript

BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week. We got reaction from Bloomberg's Asia Transport Reporter Danny Lee.Top trade officials from the European Union and China are planning to meet again early next month, another sign that both sides are stepping up engagements as they try to push back against tariff pressure from Donald Trump. News of the sit-down comes as President Trump agreed to extend the deadline for the EU to face 50% tariffs until July 9, following a phone call with Commission President Ursula von der Leyen. We have more from Bloomberg's China Correspondent Minmin Low.Plus - Asian shares fluctuated as investors awaited fresh trade news, with the dollar edging down and the yen rising after the Bank of Japan Governor's comments. For more, we caught up with Joohee An, the CIO of Mirae Asset Global Investments.

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