BYD stock tumbles to a one-year low after January sales drop — what investors watch next
BYD’s Hong Kong-listed shares slid 6.9% to HK$91 on Monday, hitting their lowest point in at least a year as January sales disappointed and changes to subsidies hit lower-priced models. On the mainland, its Shenzhen-listed shares declined 4.2% to 87.05 yuan. Other automakers like Geely Auto, Leapmotor, Xiaomi, and XPeng also fell, dropping between 1.2% and 6.8%. “Investors were likely surprised by the large degree of the domestic decline,” noted Eugene Hsiao of Macquarie Capital.
