BYD Faces Sales and Production Challenges Amid EV Price War
BYD experienced its first monthly decline in EV deliveries this year in July, dropping to 341,030 units amid a fierce price war in China's EV market, which has prompted government warnings. While BYD's sales dipped, other Chinese EV makers like Xpeng, Xiaomi, Leapmotor, and Aito showed growth or record shipments, highlighting a competitive and dynamic industry landscape.