China's EV slowdown persists as BYD posts near two-year low in sales [CNBC]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: CNBC
As car sales in the first two months of a year can be volatile for China, analysts are watching to see whether figures for the first quarter point to a significant slump. HONG KONG, CHINA - JANUARY 05: A general view of the BYD Auto showroom on January 5, 2026, in Hong Kong, China. (Photo by Sawayasu Tsuji/Getty Images) Sawayasu Tsuji | Getty Images News | Getty Images BEIJING — Chinese electric car giant BYD reported a nearly two-year low in local sales in January, signaling mounting challenges for the world's largest auto market. The slump comes amid rising concerns about lackluster domestic demand in China, and overproduction of cars spilling into other countries. At least six major electric car brands from Xiaomi to Xpeng reported a sharp sales drop in January from December, according to CNBC's analysis. Some companies only report deliveries rather than sales, and don't break down overseas figures. “We see increasing pressure on China's auto market in 2026, driven by
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