Chinese auto shares volatile as investors search for next BYD

EV makers who set themselves apart can rise above price competition

20231213N Li Auto REUTERS

Li Auto sells high-end electric SUVs, a category that has not seen much competition. © Reuters

SHIZUKA TANABE, Nikkei staff writer

GUANGZHOU -- The cutthroat price competition among Chinese electric vehicle makers has produced clear winners and losers in the stock market, with EV powerhouse BYD losing shine among investors who are turning to rivals who best distinguish themselves.

On Tuesday, Li Auto reported on its website that it ranked fourth in sales volume in the new energy vehicle market for the week through Sunday, the highest among luxury brands.

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