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BYD’s EV Dominance Shows Cracks as Domestic Sales Stagnate
BYD’s EV Dominance Shows Cracks as Domestic Sales Stagnate
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BTCCSquare news:
BYD Co. (BYDDY), the Chinese electric vehicle giant that dethroned Tesla in global sales, is facing headwinds in its home market. August deliveries flatlined at 373,626 units—marking the fourth consecutive month of declining domestic performance despite a 146% surge in overseas sales to 80,464 vehicles.
The stagnation reflects brutal competition in China's oversaturated EV market, where price wars and excess production capacity are eroding industry margins. BYD's plateau contrasts sharply with rivals gaining traction, suggesting its undisputed reign may be fracturing.
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