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.
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