10:58 - 3.09.2025
September 3, Fineko/abc.az. China’s largest electric vehicle manufacturer BYD continues to lose momentum. In August, sales grew by only 0.1% year-on-year.
According to ABC.AZ, this marks a sharp slowdown compared to the success of its rivals. Geely boosted sales by 38%, while Leapmotor and Nio reported record deliveries.
Xpeng sold more than three times as many cars as in the same period last year, and Xiaomi reached 30,000 EVs per month. Bloomberg reports that BYD has faced a 30% profit decline and a $6 billion drop in market capitalization.
With weak domestic sales and intensifying competition, analysts forecast deliveries of 4.9–5.1 million vehicles against the company’s target of 5.5 million.
Against this backdrop, BYD is entering the seasonal sales peak without its previous discounts, attempting to maintain its share in the world’s most competitive car market.
