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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.

Read more on asia.nikkei.com