With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter.
China's EV manufacturers still reliant on dominant domestic market financeasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financeasia.com Daily Mail and Mail on Sunday newspapers.
In this piece, I evaluated two EV stocks, NIO (NYSE:NIO) and BYD (OTC:BYDDY), using TipRanks’ comparison tool to see which stock is the better buy. A closer look suggests a bearish view for NIO and a bullish view for BYD. China-based NIO designs, manufactures, and sells electric vehicles in China and Hong Kong, the U.S., the U.K., and Germany. Meanwhile, BYD, also based in China, manufactures and sells EVs, rechargeable batteries, and select other electronics, including components for mobile dev