Etiqueta: Car sales

HONG KONG, Feb 2 (Reuters) - Shares of BYD Co Ltd sank to their lowest level in at least a year on Monday, leading a broader selloff in Chinese automaker stocks after they reported weaker sales in January as a revised subsidy scheme weighed on budget car brands. The selloff underscores growing investor concern that China’s carmakers are heading into a prolonged slowdown as demand softens at home

HONG KONG, Feb 2 (Reuters) - Shares of BYD Co Ltd sank to their lowest level in at least a year on Monday after the electric vehicle (EV) maker reported a 30% drop in its car sales in January, the biggest in nearly two years. BYD's Hong Kong-listed shares dropped 7.8% to HK$90.10, the lowest since February 3, 2025, and were poised for their worst daily performance in May 26, 2025. In Shenzhen,

The Chinese brand that knocked Tesla off to become the world’s number one electric vehicle maker has posted another month of sliding sales.

Rivian’s founder and Chief Executive Officer RJ Scaringe praised BYD and Xiaomi for their highly competitive EVs, both in technology and pricing, while also acknowledging that government subs…

Ultra-luxury vehicles accounted for less than 1% of overall vehicles sales last year in China. For a long time, this market has been firmly controlled by foreign brands.

BYD (BYDDF) targets 1.3M overseas car sales in 2026, indicating a nearly 24% growth from a year ago after topping Tesla (TSLA) in 2025. Read more here.

Failure to meet those commitments allows the government to draw down bank guarantees posted by the companies as penalties.

Leapmotor and Xiaomi aim to close in on market leader BYD

According to registration data from 18 European countries in which BYD is present, the brand sold 26,265 hybrid and fully electric vehicles across the continent last month.

Another year in opposite world: EV sales growth accelerated in 2025, but media and automakers wrongly said sales were slowing.