China EV price wars weigh on BYD, Japan automaker stocks

TOKYO -- A prolonged EV price war in China is weighing on industry leaders like BYD, with the stocks of Japanese automakers involved in the market also taking a hit.

After Warren Buffett-led Berkshire Hathaway sold some BYD shares last week, Chinese social media was abuzz with speculation that the move was due to the intense electric vehicle price war.