China’s EV giant BYD has cut 2025 sales target to 4.6 mln vehicles from 5.5 mln previously
- BYD’s latest target was communicated internally and to select suppliers last month
- BYD’s lowered target could still change based on market conditions
The info is via unnamed sources. The sources did not give reason for cut, but one said it comes as BYD faces tougher competition
