Chinese EV giant BYD in February recorded its largest sales slump since COVID, as domestic demand waned. The expiration of government subsidies, coupled with a larger consumption slowdown and the extended Lunar New Year holiday, have hurt China’s carmakers and made overseas markets central to their growth plans: BYD’s exports increased in February, while sales in China fell 65%. The company is building its first European plant in Hungary, and is bidding to buy a Nissan-Mercedes-Benz plant in Mexico. To boost demand in China, BYD has teased a “disruptive technology” launch this week, likely linked to its next-generation charging technology.
iguessineedanaltnow on
I think they’ve all been shipped here to Australia. Every other car on the road is a BYD.
Illustrious-Rush8797 on
Sales in China fell 65%…..uh that’s a lot.
savuporo on
And Geely took the lead, and NIO and Xiaomi are all up. It’s called competiton
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Chinese EV giant BYD in February recorded its largest sales slump since COVID, as domestic demand waned. The expiration of government subsidies, coupled with a larger consumption slowdown and the extended Lunar New Year holiday, have hurt China’s carmakers and made overseas markets central to their growth plans: BYD’s exports increased in February, while sales in China fell 65%. The company is building its first European plant in Hungary, and is bidding to buy a Nissan-Mercedes-Benz plant in Mexico. To boost demand in China, BYD has teased a “disruptive technology” launch this week, likely linked to its next-generation charging technology.
I think they’ve all been shipped here to Australia. Every other car on the road is a BYD.
Sales in China fell 65%…..uh that’s a lot.
And Geely took the lead, and NIO and Xiaomi are all up. It’s called competiton