Etiqueta: Hong Kong

(Reuters) -BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said, as the Chinese EV giant faces its slowest annual growth in five years and other signs that its era of record-setting expansion could be drawing to a close. China's largest automaker told analysts in March it was targeting sales of 5.5 million vehicles

China’s auto industry is reeling as brutal price wars slash profitability. According to China Daily, among the six major automakers that released first-half 2025 results, only BYD managed to stay profitable—and even its momentum is faltering, sending shockwaves through the market. BYD’s net profit rose 14% year-over-year in H1, but that marks a slo...

BYD, the top-selling electric vehicle manufacturer on earth, has reduced its 2025 end of year sales forecast from 5.5 million cars to 4.6 million, a 16% cut

Chinese electric vehicle maker BYD Co. has slashed its full-year sales target as intense competition in its home market hurts its bottomline.

CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.

A drop in production, sales and profits reflect how pressure to stay competitive is beginning to take a toll on BYD

EV Leader BYD Suffers Rare Setback as Profit Crumbles

BYD Company (OTCPK:BYDDF) stock price dropped nearly 8% on the Hong Kong stock exchange on Monday after the EV giant reported a sharp 30% slide in Q2 profit. Net profit dropped to 6.4 billion yuan ($895 million) from a year earlier, it reported. That followed a doubling of profit in the first quarter. It is the first such fall in more than three ye...

BYD Company (OTCPK:BYDDF) stock price dropped nearly 8% on the Hong Kong stock exchange on Monday after the EV giant reported a sharp 30% slide in Q2 profit.

EV sales remain strong in China. But a brutal price war in pushing down profitability.