China EV price wars weigh on BYD, Japan automaker stocks

Chinese subsidies, improved quality add to headwinds faced by Nissan, Honda

20240731N BYD

Warren Buffett-led Berkshire Hathaway has drawn down its stake in BYD to less than 5%. © Reuters

YUSHO CHO, Nikkei staff writer

TOKYO -- A prolonged EV price war in China is weighing on industry leaders like BYD, with the stocks of Japanese automakers involved in the market also taking a hit.

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