Etiqueta: Industry

BYD has slowed production and expansion in recent months, reducing shifts at some of its Chinese factories and delaying plans for new production lines, Reuters reported.

Chinese car manufacturer BYD has slowed down its production and expansion in recent months by reducing shifts in some factories in China and postponing plans

Chinese vehicle manufacturer BYD took delivery of a new pure car and truck carrier (PCTC) in a ceremony on Tuesday, June 24.BYD Changsha belongs to the same ser

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.

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