SEHK:1211Auto
BYD Faces EV Demand Pressure While Expanding Global Energy Storage Ambitions
BYD's vehicle sales have fallen for a fifth straight month, pointing to softer demand and fiercer price competition in China's EV market.
The company is increasing its focus on global energy storage, targeting growing demand for grid support and renewable integration solutions.
These shifts raise questions around margins, product mix, and how BYD balances its EV business with its energy storage ambitions.
BYD (SEHK:1211) is facing a tougher stretch in its core EV business, with five...