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China’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing.
While other major Chinese electric vehicle makers, including Li Auto and Nio, also reported a drop in July deliveries, Xpeng shipped a record number of EVs in July. There were also bright spots in Xiaomi, Leapmotor and Aito, which recorded month-over-month growth.
BYD shipped 341,030 units in July — down from 377,628 in June — marking its first monthly decline this year and nearly flat from the same period last year. The dip comes after months of steady growth since the initial 296,446 deliveries in January.
The behemoth discounted several of its lower-end battery-only and hybrid models by around 30% in May, prompting other automakers to follow suit. As the price war intensified, China’s top leaders have issued warnings in recent months to halt the excessive competition.
