BYD's Bold Price Cuts: Genius or Gamble?

BYD shares just took a nosedive, dropping over 8% after hitting record highs last week! What happened? The Chinese EV titan announced aggressive price cuts on 22 models, slashing up to 34% off the Seal sedan and 20% off the Seagull hatchback, sending shockwaves through the market. Geely, Xpeng, and Li Auto also saw their stocks tumble. However, analysts from Citi report a surprising 40% increase in dealership visitors post-price cut. Could BYD be playing 4D chess in the EV market? Join the conversation and share your thoughts! 📲

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