Etiqueta: Report

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

BYD is feeling increasing competitive pressure from rivals such as Geely and Leapmotor, Reuters said.

The company last week reported its first quarterly profit drop in over three years, while rivals like Geely are gaining ground and even raising their own sales targets.

BYD vs. TTWO: Which Stock Is the Better Value Option?

The launch adds fresh competition in China’s crowded premium SUV market, where Li Auto and Xpeng are also pushing new models to challenge Tesla’s dominance.

The Tai 7 is expected to be priced between RMB 250,000 ($34,990) and RMB 300,000, overlapping with the Bao 5.

The Munich auto show is approaching. While some foreign media outlets may seize the opportunity to highlight the “competition” posed by China, it is important to recognize that behind Chinese vehicles is an evolving supply chain built on China-Europe cooperation.

Tesla's sales in key European markets have declined for eight straight months, with sharp drops in France (47.3%), Sweden (84%), and Denmark (42%), amid rising competition from BYD and an aging product lineup. Consumer backlash against Elon Musk exacerbates the slump, threatening Tesla's global position despite gains in Norway and Spain.

BYD's Strategic Expansion into Malaysia: A Catalyst for Growth in Southeast Asia's EV Market

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