BYD Co. said sales dropped 30% in January, underscoring the challenges facing the electric vehicle maker’s efforts to boost sales just as a winding back of subsidies hurts demand in China.
BYD Co. said sales dropped 30% in January, underscoring the challenges facing the electric vehicle maker’s efforts to boost sales just as a winding back of subsidies hurts demand in China.
A BYD Co. Seal electric vehicle, left, at a BYD showroom, operated by Schiller Auto, in Budapest, Hungary, on Monday, May 27, 2024. Chinese EV giant BYD plans to set up its first European car plant in Hungary.
China’s retail sales of new-energy vehicles are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world’s biggest auto market.
China’s retail sales of new-energy vehicles are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world’s biggest auto market.
BYD Co.’s sales fell for a third straight month as the world’s largest electric vehicle maker faces intensifying competition from rivals churning out popular models.
BYD Co.’s sales fell for a third straight month as the world’s largest electric vehicle maker faces intensifying competition from rivals churning out popular models.
BYD Co. electric vehicles on display at one of the company's showrooms in Shanghai, China, on Sunday, June 22, 2025. By 2024, BYD had shifted downmarket with smaller, cheaper models to appeal to younger buyers.
A senior Tesla Inc. executive highlighted the electric vehicle maker’s close partnerships with Chinese manufacturers following a report that it was looking to shift away from some China-based suppliers.
A senior Tesla Inc. executive highlighted the electric vehicle maker’s close partnerships with Chinese manufacturers following a report that it was looking to shift away from some China-based suppliers.
Tesla vehicles at a dealership in Beijing. Photographer: Na Bian/Bloomberg
Nio Inc. shares tumbled after the carmaker’s disappointing outlook for the fourth quarter fueled investor concerns about its ability to reach a break-even target as industry competition intensifies.
Nio Inc. shares tumbled after the carmaker’s disappointing outlook for the fourth quarter fueled investor concerns about its ability to reach a break-even target as industry competition intensifies.
Chinese officials have sought to rein in the sprawling EV sector this year.
Anmelden
