Foreign media: Chinese electric vehicle giant BYD has lowered its 2025 sales target from 5.5 million to 4.6 million vehicles, a decrease of 16%, due to the slowest annual growth in five years.
This adjustment is due to intensified market competition, such as the impact from competitors like Geely Auto, and domestic demand being suppressed due to the downturn in the real estate market.
In addition, BYD is also facing a decline in sales of economy cars, a slowdown in production, and delays in capacity expansion. Despite this, the target of 4.6 million vehicles still represents a 7% increase from last year, but it will be the slowest growth since 2020.
Original article: www.toutiao.com/article/1842324678973447/
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