HONG KONG -- Chinese EV makers' profitability levels were mixed in April to June, as they faced a fierce price war at home and rising trade barriers in developed economies, with champion BYD seeing its gross margin fall to 18.69% from 21.88% in the previous quarter.
Electric vehicles
China EV makers' profitability mixed amid price war, trade barriers
Manufacturers look to local partnerships and cost cutting to overcome duties
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A BYD car on display at an auto show in Bangkok: The Chinese EV manufacturer's gross margin fell to 18.69% in April to June from 21.88% the previous quarter. (Photo by Hiroki Endo)
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