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BYD, China's major EV maker, reported a 10% sales drop in July, amid market slowdown and regulatory changes.
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.
Despite the decline, analysts still believe a target of 5.0 to 5.2 million units is achievable.
The sales drop reflects a broader slowdown in China's auto market and increased regulatory scrutiny on discounting practices among EV makers.
Meanwhile, rivals like Xpeng and Leapmotor saw record deliveries.
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BYD, el principal fabricante de vehículos eléctricos de China, informó una caída de ventas del 10% en julio, en medio de la desaceleración del mercado y los cambios regulatorios.