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China’s BYD trims 2025 vehicle sales target by 16% amid softening growth: Report
BYD cut its 2025 sales target by 16% to 4.6 million vehicles due to slowing demand, increased competition, and regulatory limits on discounting, projecting the slowest growth since 2020.
- BYD, China's largest automaker, has cut its 2025 sales target by about 16% to 4.6 million vehicles this year.
- This revision follows earlier guidance in March when BYD targeted 5.5 million vehicle sales and results showing it met only 52% of that goal through August.
- The company’s production declined for a second month in August amid rising pressure from rivals Geely and Leapmotor, which both raised their sales targets and posted strong growth.
- Deutsche Bank and Morningstar forecasted BYD sales around 4.7 and 4.8 million units respectively, reflecting lowered expectations amid China’s weakening domestic demand.
- The sales cut signals BYD’s slowest growth since 2020 and suggests challenges from a prolonged housing downturn and a deflationary economic environment in China.
22 Articles
22 Articles
BYD Recasts Targets Down by 16%, Stocks Drop 8% - CleanTechnica
Amid progressively contracting sales revenue, Chinese electric vehicle giant BYD has been forced to significantly recast its 2025 sales targets. The company has slashed its forecast by 16%, from an ambitious RMB39,300 million ($5.5 million) down to RMB32,850 million ($4.6 million), signaling a potential end to its era of record-setting ... [continued] The post BYD Recasts Targets Down by 16%, Stocks Drop 8% appeared first on CleanTechnica.
China's BYD cuts sales target, sources say, as white hot growth cools
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said, as the Chinese EV giant faces its slowest annual growth in five years and other signs that its era of record-setting expansion could be drawing to a close.
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