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China’s BYD breaks delivery growth streak as EV price war reshapes competition

16d ago
Business
CNBC
China’s BYD breaks delivery growth streak as EV price war reshapes competition
BYD, the leading Chinese electric vehicle (EV) manufacturer, experienced a slowdown in delivery growth in July, marking a break from its previous upward trajectory. This development coincides with an intensifying price war within the Chinese EV market, which is reshaping the competitive landscape. Notably, other prominent Chinese EV companies, such as Li Auto and Nio, also reported declines in their July delivery figures, suggesting a broader trend affecting the sector. The increased competition and pricing pressures are likely impacting sales volumes across the board as manufacturers vie for market share.
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