BYD Recasts Targets Down by 16%, Stocks Drop 8%
Amid progressively contracting sales revenue, Chinese electric vehicle giant BYD has been forced to significantly recast its 2025 sales targets. The company has slashed its forecast by 16%, from an ambitious RMB39,300 million ($5.5 million) down to RMB32,850 million ($4.6 million), signaling a potential end to its era of record-setting … [continued]
