Group 1 - BYD's stock price has dropped over 10% in two days, with concerns about a potential price war in the electric vehicle market following significant price cuts on 22 models, with discounts up to 34% [2][3] - The recent price cuts come at a time when BYD's April sales growth was the slowest in over four years, despite a 21% year-on-year increase [2] - The price cuts have disrupted BYD's strong stock performance earlier this year, where it had reached a historical high and had a market capitalization exceeding Ford, GM, and Volkswagen combined [3] Group 2 - The electric vehicle industry is experiencing intensified competition, with Geely's Xingyuan doubling its production to over 200,000 units in just three months, surpassing BYD's Seagull in sales [3] - Analysts predict that BYD's price cuts may lead to a broader industry price war, with average price reductions in the Chinese automotive market expected to rise from 15%-16% in the second half of the year [4] - BYD's recent actions have sparked concerns about its impact on market sentiment, affecting ETFs related to batteries, automobiles, and new energy vehicles [3][4] Group 3 - BYD's price cuts are seen as a strategy to boost sales volume ahead of its 2025 targets, potentially forcing competitors to lower prices or lose market share [4] - The company's recent social media activity suggests a growing rivalry with Great Wall Motors, reflecting increasing tensions within the Chinese automotive industry [5] - BYD is projected to achieve sales of 4.27 million units in 2024, significantly outpacing Great Wall Motors, which is expected to sell 1.23 million units [5]