HONG KONG -- Chinese EV champion BYD's major offensive in the country's electric vehicle price war is forcing competitors to follow suit and could drive further consolidation in the sector, analysts say.
Electric vehicles
BYD price bombshell raises specter of wider China EV consolidation
Discounts of up to 34% add to pressure that could squeeze out weaker players
A BYD Dynasty at the carmaker's booth at the Shanghai motor show in April: The Chinese EV leader is offering steep discounts on numerous models. (Photo by Shinya Sawai)
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