• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

BYD cuts 2025 sales target amid slowing growth: report

by September 4, 2025
by September 4, 2025

BYD has lowered its sales target for this year by as much as 16% to 4.6 million vehicles, Reuters reported earlier today, citing two people with knowledge of the matter.

The cut reflects the Chinese electric vehicle maker’s slowest annual growth in five years and signals that its era of record-breaking expansion may be ending.

The company, which is China’s largest automaker, told analysts in March that it was targeting sales of 5.5 million vehicles in 2025.

However, the goal has been revised downward several times in recent months, according to the people cited in the report.

The latest figure of at least 4.6 million vehicles was communicated internally and to some suppliers last month to guide planning.

The sources, who spoke on condition of anonymity, said the target remains subject to change depending on market conditions.

What’s behind BYD’s sales forecat

BYD’s Hong Kong-listed shares fell further after the report, dropping 3.1% in afternoon trading from a 1.4% decline earlier in the day.

The report noted that the new target is below several recently lowered analyst forecasts.

Deutsche Bank this week estimated 4.7 million vehicles, while Morningstar put its forecast at 4.8 million.

The 4.6 million sales target represents a 7% increase from last year, but would mark the slowest growth since 2020, when sales fell 7%.

The downward revision follows a 30% drop in BYD’s quarterly profit last week, its first decline in more than three years.

As per the report, the weaker outlook to intensifying competition from rivals such as Geely Auto and Leapmotor.

Media reports from June previously suggested that BYD had slowed production and delayed capacity expansion at its Chinese factories.

The latest move underscores broader deflationary pressures in China, where a prolonged housing downturn has weighed on domestic demand.

Through the first eight months of this year, BYD has met just 52% of its original 5.5 million vehicle target, as per the report.

Signs of slowdown in the core market

Despite its rapid rise in recent years, BYD is showing signs of strain in China, which accounts for nearly 80% of its sales.

The company’s sales of economy cars priced under 150,000 yuan ($21,000) — a key segment in its domestic market — fell 9.6% in July compared with a year earlier, according to the report.

By comparison, Geely’s sales in the same price bracket surged 90% year-on-year in July.

Geely has also raised its own 2025 sales target to 3 million vehicles from 2.71 million, its executives said during an August earnings call.

BYD’s production has now contracted for two consecutive months through August, Reuters said, marking its first back-to-back monthly decline since 2020.

Over the past four years, BYD transformed from an EV upstart into a global leader by producing much of its output in-house, which helped it control costs while introducing new features.

Its sales of pure EVs and plug-in hybrids grew tenfold between 2020 and 2024, reaching 4.3 million vehicles — placing it alongside General Motors and Ford in global sales.

But with intensifying competition, weakening demand, and signs of saturation in its home market, Reuters reported that the company’s breakneck pace of growth may be slowing.

The post BYD cuts 2025 sales target amid slowing growth: report appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Xi Jinping hails ‘unstoppable’ China as Trump accuses Beijing of conspiring against US
next post
Europe markets open: Stoxx 600 flat, FTSE -0.2% as Trump takes tariff fight to SC

Related Posts

Reddit sues AI search engine Perplexity over data...

October 23, 2025

Europe markets open: Stoxx up 0.3% as Kering’s...

October 23, 2025

EU adopts new Russia sanctions package targeting LNG...

October 23, 2025

Lloyds share price analysis after earnings: is it...

October 23, 2025

US-China trade talks in Malaysia aim to ease...

October 23, 2025

IBM stock price analysis: is the Big Blue...

October 23, 2025

Insiders have been selling these three stocks: should...

October 23, 2025

Japan’s exports to US fall 13.3%, but surge...

October 22, 2025

Europe markets open: FTSE 100 up, bucking a...

October 22, 2025

Here’s why the Barclays share price jumped after...

October 22, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • African trade routes need ‘borderless IoT’

    October 23, 2025
  • Bees Expose Flaw in Socialism, Whether Autocratic or Democratic

    October 23, 2025
  • Four Ways You’re Living Better Than Ever

    October 23, 2025
  • Reddit sues AI search engine Perplexity over data scraping

    October 23, 2025
  • Europe markets open: Stoxx up 0.3% as Kering’s 8% jump leads a strong earnings day

    October 23, 2025
  • EU adopts new Russia sanctions package targeting LNG and shadow fleet

    October 23, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 6

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (2,977)
  • Editor's Pick (295)
  • Investing (185)
  • Stock (2,034)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Allianz share price analysis: is it a...

June 20, 2025

Grupo Mexico reports 17% rise in Q1...

April 26, 2025

Why Shell-led LNG Canada project faces production...

July 30, 2025