BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two sources said, as it faces its slowest annual growth in five years and other signs that its era of record-setting expansion could be drawing to a close.- reuters.com/business/autos…
BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long expansion.
- reuters.com/business/autos…
Chinese electric vehicle maker BYD's quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars. reuters.com/markets/asia/b…
Reuters Shanghai in June exclusively reported BYD had slowed production and expansion pace, revealing a pivotal shift for the EV giant. Publicly disclosed figures had confirmed the accuracy of the reporting. reuters.com/business/autos…
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