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BYD car discounts show China’s EV price war is getting worse

Posted on April 24, 2026
By Business News Today
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1 min read

BYD car discounts show China’s EV price war is getting worse

China's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense rivalry is pushing companies to seek growth overseas. Overcapacity is a major issue, with factories producing far more cars than are sold domestically. This situation impacts the entire automotive system, including used car values.