
BYD is feeling increasing competitive pressure from rivals such as Geely and Leapmotor, Reuters said.
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BYD is feeling increasing competitive pressure from rivals such as Geely and Leapmotor, Reuters said.
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Shangjie aims for 20,000 monthly sales of H5 SUV and has released a procurement plan for 400,000 annual sales to its supply chain based on future model planning.
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Li Auto will begin deliveries of the Li i8 on August 20, with a target of delivering between 8,000 and 10,000 units by the end of September.
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Geely has raised its 2025 sales target by about 11 percent, from 2.71 million units to 3 million units.
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BYD is offering rebates to its dealers in China of RMB 666 ($93) per vehicle, according to a local media report.
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The sales target was lowered primarily due to order intake not being as strong as expected following the launch of the updated Li L6.
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BYD now believes it has the right products to replicate its success in China in overseas markets, according to Reuters.
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Nio management said orders for Firefly were in line with expectations, and as before avoided talking about specific numbers.
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Li Auto's sales target for this year is 700,000 vehicles, representing about 40 percent growth, according to local media.
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BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
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