BYD Sales Drop: Intense EV Market Competition

BYD, the worlds largest electric vehicle maker, experiences a third consecutive month of sales decline, with November deliveries dropping by 5.3% year-over-year. This drop coincides with increased competition from other car companies and a potential loss of customer interest in BYDs current offerings. The companys market share in both affordable and luxury car segments is dwindling, while competitors like Geely and Xiaomi gain ground. Despite some export success, BYD faces challenges in international growth due to increasing trade barriers in Europe and North America. This situation underscores the intense and rapidly evolving landscape of the global electric vehicle industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.