Chinese automakers' shares plummeted on Monday following new incentives from industry leader BYD and a stark warning from Great Wall Motors' CEO about the unhealthy state of the global auto industry.
BYD Co Ltd's Hong Kong-listed shares closed 8.6 per cent lower, while Geely Auto experienced a steeper decline of 9.5 per cent. Other prominent players like Nio and Leapmotor also saw their shares fall between 3 per cent and 8.5 per cent.
