BYD Stock: Sales Plunge to Two-Year Low as China’s EV Market Struggles

TLDR BYD’s battery electric passenger car sales dropped to 83,249 units in January, the lowest since February 2024 China ended its decade-long tax exemption on EVs, reinstating a 5% purchase tax from January 1 Competitor Geely sold over 270,000 vehicles in January and now holds second place in China’s EV market BYD’s overseas shipments fell [...]

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