1 year ago

BYD's Delivery Stalls Amidst Price War in China's EV Market

BYD's Delivery Stalls Amidst Price War in China's EV Market
BYD’s delivery growth stalls amid intense EV price war · wionews.com

BYD, a big electric car company in China, sold fewer cars in July.

This is because of a price war, where companies are lowering prices to get more customers.

BYD had cut prices on some of its cars, but other companies are still selling a lot.

The government is worried that this price war could cause problems for the market.

Some other car companies like Li Auto and Nio also sold fewer cars, but Xpeng and Xiaomi did well.

Key facts

BYD Deliveries in July
341,030 vehicles
BYD's Price Cuts
Approximately 30% on some models in May
Xpeng Deliveries in July
36,717 units
Li Auto Deliveries in July
30,731 units
Nio Deliveries in July
21,017 units

Sources

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