EV Market Competition: BYD Hits a Speed Bump

BYD Co., the worlds largest EV maker by sales, reported its first monthly decline in shipments in more than 18 months, with September deliveries falling 5.5% year-on-year to 396,270 units. The drop comes as domestic competitors like Geely, Xpeng, Leapmotor, and Xiaomi posted double-digit growth, highlighting intensifying competition in China's electric vehicle market.

The company also cut its 2025 sales target by 16% to 4.6 million units, signalling a more cautious stance. Still, BYD has delivered over 582,000 EVs in Q3, well ahead of Tesla's expected ~439,600 deliveries, maintaining its. . .