Itâs good to be back.I had an awesome holiday in South Korea, getting my annual dose of Kpop and Korean food (I am all Kimchi-ed out now).This week, I am looking into the troubles in the Chinese electric vehicle (EV) industry as EV players have once again cut prices.Could $BYD Co., Ltd.(BYDDY)$ actually be building a nightmare?âRight this way, Mrs Chin. This is the newest EV model by Great Wall Motor. We have recently cut the price by 10%âMrs Chin, like many Chinese consumers, just glances over. She then folds her arm and say, âCan you go cheaper? BYDâs one is 20% lower. If not, I will just go next doorâThe salesman holds his tongue, smiles and takes out a a list of prices, âJust for you, Madam, we are willing to cut by 25% for you.âChinaâs elect
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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