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TESLA: Chinese EV Collapse Just Started
BYD's aggressive price cuts are destabilizing the Chinese EV market, raising survival concerns for major automakers while Tesla positions itself to thrive amid the industry's turmoil Questions to inspire discussion BYD's Market Strategy and Challenges 🚗 Q: What significant price cuts did BYD announce? A: BYD announced price cuts of up to 34% on 22 models, including the Seagull hatchback reduced by 20% to 55,800 Chinese yuan ($7,780 USD) and the Seal hybrid sedan cut by 34% to $14,000-$15,000. 💰 Q: What financial issues does BYD face? A: BYD faces cash flow problems evidenced by high inventory and delayed...
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