BYD's price cuts loom large over the Chinese electric vehicle sector

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the street view in Kowloon bay

LewisTsePuiLung

The Chinese electric vehicle sector was rocked on Tuesday by price cuts announced by BYD Company (OTCPK:BYDDF). Notably, the price of the Seagull Smart Driving Edition hatchback dropped to 55,800 yuan ($7,656) from 69,800 yuan ($9,688). Overall, more than 20 model variants saw a price

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