BYD Reports First Delivery Decline Of 2025 As EV Price War Heats Up

Benzinga

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.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02China's largest EV maker BYD reported its first monthly delivery drop of the year,

00:06according to CNBC. The automaker shipped 341,030 units in July, down from 377,628 in June,

00:15as an escalating price war dampened sales across major automakers. BYD's steep main discounts

00:20triggered a broader EV price war, prompting warnings from Chinese officials to curb excessive

00:25competition. Li Auto and NIO both saw steep July delivery declines, with Li down nearly 40%

00:30year-over-year, and NIO dropping across all major product lines. Xiaomi and Jinping reported strong

00:36delivery growth in July, driven by new model launches and sustained momentum in China's

00:40competitive EV market. For all things money, visit Benzinga.com.

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