Automundo China

Last week, BYD Italy joined the association representing foreign carmakers in Italy to deepen its foothold in the country. With a booming 40% global sales jump in 2024, new European production plans and heavyweight hires, BYD is positioning its EVs as mass-market favourites—while Italian tyremaker Pirelli navigate its own China ties

China’s electric vehicle (EV) giant BYD ($BYDDF) ($HK:1211) is scaling back its production ramp-up and expansion plans amid the country’s shifting EV landscape. Tes...

STORY: BYD has slowed its production and expansion pace in recent months.That's according to two sources close to the matter.They said the Chinese electric vehicle giant reduced shifts at some factories in its home market and delayed plans to add new production lines.The decisions might be a sign BYD's strong sales growth over the past couple of years could slow.It also faces rising inventory even after offering deep price cuts in China's highly competitive auto market.The sources said BYD canceled night shifts and lowered output by at least a third at some of its factories.They added the measures were imposed on at least four facilities, and BYD had suspended some plans to set up a new production line.BYD's expansion in recent years drove it to overtake Tesla as the world's largest EV maker.It sold 4.27 million cars last year.The automaker has at least seven car factories in China and targeted a near-30% rise in sales this year.Reuters was not able to identify the exact scale of the production reduction and expansion suspension.It could also not find out how long these measures may last.One of the sources said the moves were aimed at saving costs.While another said they were imposed after sales failed to meet targets.BYD did not immediately respond to a request for comment.

The company has reduced shifts at some of its factories in China and postponed plans to introduce new production lines, reflecting a more cautious app...

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The Chinese EV giant has also cancelled night shifts at some factories in a sign that sales growth could slow in the country’s cut-throat car market.

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SHANGHAI (Reuters) -Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter. The decisions are a sign that BYD's robust sales growth over the past couple of years that drove it to overtake Tesla as the world's largest EV maker could slow, as it grapples with rising inventory even after offering deep price cuts in China's cutthroat auto market. These previously unreported measures were imposed on at least four factories and BYD had also suspended some plans to set up new production lines, one of the people said.

SHANGHAI (Reuters) -Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter. The decisions are a sign that BYD's robust sales growth over the past couple of years that drove it to overtake Tesla as the world's largest EV maker could slow, as it grapples with rising inventory even after offering deep price cuts in China's cutthroat auto market. These previously unreported measures were imposed on at least four factories and BYD had also suspended some plans to set up new production lines, one of the people said.