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In the midst of a sales revenue agreement, the Chinese Electric Vehicle Dev BYD has been forced to significantly re -establish its 2025 sales targets. The company has reduced its prediction by 16 %, which has been reduced to RMB39,300 million ($ 5.5 million) to RMB32,850 million (6 4.6 million), indicating the possible end of its era. On Monday, Shares of Bai in the Hong Kong list resulted in about 8 percent slipped.
This decision reflects a difficult market environment, especially to flatten sales in its main domestic market. Chinese car buyers have participated about 80 80 % of its total sales. But now it faces severe domestic competition, in the first eight months of the year, promotions -led prices. The lack of global demand increases this slowdown.
They say that BYD has achieved only 52 % of its initial 5.5 million target, making the original purpose rapidly irreparable. Cnbc.
This strategic retreat follows the undeniable symbols of slowdown. In early August this year, market research firm RHO Motion said that although global EV sales have increased by 21 % a year in July, it has still been the slower growth rate since January. It reports that a pace of plugin hybrid sales has been contracted in China. The RHO also said that BYD recorded its third monthly decline in registration.
BYD recently reported a 30 % reduction in quarterly profit, which is the first decline in three years. Production has not ended, only domestic sales have decreased for only two months, a contraction has not been seen since 2020. It is a reaction to rivals such as Period Backback Psychic and Wet Auto and Wide Deflationary Pressure, which has increased domestic demand, which has promoted domestic measures that have attacked a domestic domestic attack that has led to a domestic attack. Bloomberg Report
Sources close to Clean Technica However, in Shenzhen, in the bye, however, said that slow behavior – which is considered to be the most moderate annual growth in the five years – is only temporary while BYD is recovering its production and plans to introduce new models. The company sold 450,000 units abroad last July and set up about 50 50 international branch offices.
Although Thailand will become BYD manufacturing center for the ASEAN region, it has a plan to establish a Manufacturing facility in Telangana – but has not yet been approved by the Indian government. Byd also has large plants of cars in Europe, but they are not working yet. A plant in Hungary is to open in October 2025, and the other in Turkey in March 2026. Development in Europe is key to the international expansion of BYD, as North America is still not an open market for the company.
Soon after stepping into the Chinese market, it seems soon when “there will be more cooperation”, as small EV brands are feeling the fierce market forces in the tough competition between major Chinese brands SAIC, Li Auto, and Galley.
Email me to tribs.tribdino@gmail.com
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