NIO STOCK: The Price War Has A Victim And It's BYD's Profit

BYD just reported a 19% profit decline despite selling 4.6 million vehicles. The price war they started is now eating their own margins. Volkswagen paid Xpeng billions to license their technology — then used that technology to build a car cheaper than Xpeng's own vehicle. Xpeng dropped Motors from their name entirely and rebranded as a physical AI company. Honda is writing off 2.5 trillion yen and keeping their CEO. Toyota recalled 560,000 vehicles in China. NIO's Onvo restarted two new models. And Chinese cars now hold 14% of South Africa's market and nearly 40% of Egypt's.The price war phase of the Chinese EV industry is ending. The technology war is beginning. Full Friday breakdown.Nord Security Products:NordVPN: ⁠https://go.nordvpn.net/aff_c?offer_id=15&aff_id=143053&url_id=902⁠NordPass: ⁠https://go.nordpass.io/aff_c?offer_id=488&aff_id=143053&url_id=9356⁠Discord: https://discord.gg/GSbp4wR