Reported about 14 hours ago
BYD Co.’s shares are set to record their longest monthly decline since 2018, losing 32% from May due to rising competition in China's electric vehicle market. With lower vehicle sales reported and uncertain quarterly earnings ahead, analysts fear for BYD's ability to maintain its leading position. The company delivered approximately 1.1 million cars last quarter, a 1.8% decline year-on-year, prompting scrutiny as traders increase bets on its stock options.
Source: YAHOO