Shanghai | Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter.
The decisions are a sign BYD’s robust sales growth over the past couple of years, which drove it to overtake Tesla as the world’s largest EV maker, could slow, as it grapples with rising inventory even after offering deep price cuts in China’s cutthroat auto market.
