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flag BYD, China's major EV maker, reported a 10% sales drop in July, amid market slowdown and regulatory changes.

flag Chinese EV giant BYD reported a 10% drop in sales in July to 344,296 vehicles, raising concerns about meeting its annual target of 5.5 million units. flag Despite the decline, analysts still believe a target of 5.0 to 5.2 million units is achievable. flag The sales drop reflects a broader slowdown in China's auto market and increased regulatory scrutiny on discounting practices among EV makers. flag Meanwhile, rivals like Xpeng and Leapmotor saw record deliveries.

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