China EV shares are feeling the heat as price war concerns grow
New cars of the "Dolphin" model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty ImagesChinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew.China's EV market, the world's largest and most crowded, is seeing fierce competition from local players as well as U.S. giants like Tesla to win as much market share as possible through promotions and price cuts."While across the board price cuts will put pressure on…