BYD also hit by China market slowdown… annual deliveries expected to fall short of target

BYD posted a record monthly delivery high in July, but first-half deliveries are still trailing the pace needed to hit its full-year target.

Demand in China has softened as NEV tax incentives were scaled back and vehicle trade-in subsidies ended.

Overseas deliveries have surged, partly offsetting the weakness in the domestic market.

Its key European manufacturing plan in Hungary faces uncertainty due to regulatory scrutiny and delays.