Etiqueta: Xiaomi

BYD's Target Cut: A Bellwether for China's EV Sector Slowdown?

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.

BYD's Evolving Market Dynamics: A Strategic Reassessment for Investors

In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.

BYD is currently free-falling in the Chinese market as its competitors gain impressive ground. Following the crackdown on aggressive discounting strategies...

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

The performance was driven by sub-brands Onvo and Firefly, both of which hit fresh delivery peaks.