Top BYD Exec Says Chinese EV Price War "Not Sustainable" & "Not Healthy" - CleanTechnica

The article discusses the ongoing price war among Chinese electric vehicle (EV) manufacturers, highlighting concerns about its sustainability and impact on the industry. Chinese automakers have been aggressively cutting EV prices, with BYD recently reducing prices on up to 22 models by as much as 30%. While BYD remains profitable and continues to grow—reporting about 15% growth in early 2025 and aiming for 30% growth with a 5.5 million vehicle sales target—it acknowledges that the current price war is "not sustainable" or "healthy." Most other Chinese EV makers, unlike BYD and Tesla, are still losing money on their EV operations, and the intense price competition is hurting overall profitability. Chinese regulators, including the Ministry of Industry and Information Technology (MIIT), have warned automakers to halt the price war to prevent further damage to the industry, signaling potential intervention. Meanwhile, BYD is pursuing aggressive international expansion, planning to invest $20 billion in Europe to establish a strong