Etiqueta: BYD

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.

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.

Krushna Abhishek took delivery of the new BYD Seal with his wife, Kashmera Shah.

Flemish public transport company De Lijn officially launched its first electric buses from BYD Europe into service on 23rd June.

The world’s leading producer of EVs and electric hybrids, Chinese automaker BYD has shipped a record number of vehicles to Brazil this year.

It already outsold Tesla in the UK and Europe, but this could be just the start. BYD said it’s launching...

Chinese automakers are moving to Plan B in Europe, falling back on their ability to build plenty of good, old-fashioned, non-tariffed gas-powered vehicles.

In recent days, BYD has once again sent two new cargo ships on their way to export its electric cars and plug-in hybrids. The BYD Xi'an and the BYD Changsha

BYD has presented the B13.b electric bus for the intercity segment – an evolution of the current B13 model. Now built on the company’s integrated Blade

From July 2025, BYD will handle the distribution of its EVs and plug-in hybrids in Australia, taking over from EV Direct. The move comes a year ahead of