BYD last month significantly cut the prices of its cars, sparking a price war in China. The company has faced criticism from regulators, which may pose a problem. Still, I think it was a great move and BYD is starting to get ahead of Tesla. If the stock continues to fall, I'll definitely buy in.
What do you think of the $BY6.Fstrategy ?
If all goes well, the company will probably grow, but when politics and other companies get involved, it could be a problem.
I like such steps and I will also increase my position.