Price war started by Tesla, BYD sends Chinese auto stocks into nosedive in sign of fragile consumer sentiment

By Zhang Shidong

Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.

Source: Price war started by Tesla, BYD sends Chinese auto stocks into nosedive in sign of fragile consumer sentiment