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Benzinga
Benzinga
Business
Badar Shaikh

BYD Denies Production Cutbacks Amid EV Price War, Says Output Remains Stable: Report

BYD

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) has said that the Chinese EV giant's production has remained stable, despite earlier reports that it had scaled back on manufacturing activities amid China's fierce EV price war.

What Happened: Sources close to the company have reiterated that the production levels on the factory lines remain stable, CnEVPost reported on Thursday.

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