China’s largest EV maker BYD reported its first monthly delivery drop of the year, according to CNBC. The automaker shipped 341,030 units in July, down from 377,628 in June, as an escalating price war dampened sales across major automakers. BYD’s steep May discounts triggered a broader EV price war, prompting warnings from Chinese officials to curb excessive competition. Li Auto and Nio both saw steep July delivery declines, with Li down nearly 40% year over year and Nio dropping across all major product lines. Xiaomi and Xpeng reported strong delivery growth in July, driven by new model launches and sustained momentum in China’s competitive EV market.
Be the first to comment