BYD rides sales surge but margins shrink in price war
September 01, 2025
BYD, the world’s biggest maker of electric vehicles, is selling record numbers of cars but has reported its first fall in profits in more than two years. The toll of a fierce price war in China’s car industry turns BYD’s strategy into a balancing act. The Shenzhen-based carmaker sold almost 2.2 million vehicles in the […]