BYD manager calls EV price war it helped spark unsustainable

BYD Co. sees China’s electric vehicle price war as unsustainable, according to a senior company executive, who stopped short of saying the country’s largest EV maker would scale back the aggressive discounting it helped trigger.

“It’s very extreme, tough competition,” executive vice president Stella Li said in an interview with Bloomberg News in London. “No, it’s not sustainable,” she added, noting that consolidation across the sector is likely as the market matures.

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