Hong Kong’s stock is falling almost 8% after a quarterly drop in profit

Despite the slowdown in July, Byd retains its advantage in the competitive market in China.

Anna Barclay | Getty Images | Gets the image

On Monday, BYD shares on Hong Kong’s list fell by 7.87% after Tesla’s opponent reported a quarterly reported profit Decrease against the background of an aggressive price war in its internal industry.

Chinese electric car manufacturer on Friday report A profit of 6.4 billion yuan ($ 891 million) for the June quarter, which is about 30% more than a year earlier, despite expansion of sales abroad.

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