BYD Shares Face Earnings Test as China’s EV Price War Heats Up

(Bloomberg) — After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.

China’s biggest EV maker broke with its usual practice of not providing guidance ahead of its earnings report due later Monday. The stock’s volatility skew this month jumped to the highest since October 2022, indicating increased investor demand for downside protection.