China's BYD breaks growth streak with July slump as EV price war reshapes competition
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最新报道：BYD, China's leading electric vehicle manufacturer, reported its first quarterly delivery decline in 2025, with Q2 shipments dropping 5% year-over-year to 820,000 units amid an intensifying price war in the EV sector. The company cited aggressive discounting by rivals and softening domestic demand as key factors, though overseas sales grew 12%. Analysts note BYD's profit margins compressed to 15.3%, down from 18.7% a year earlier, as the automaker increased rebates to maintain market share against Tesla and domestic competitors like NIO. The slowdown comes despite BYD's 40% global EV market share, with executives signaling potential production adjustments in H2 2025.
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