Summary: BYD, the world’s largest electric vehicle seller, has reduced its full-year sales target by 16% to 4.6 million units due to intense competition in China. The company reported a 30% drop in quarterly income and flat deliveries in July and August.

Link: https://www.theedgesingapore.com/news/electric-vehicles/byd-slashes-full-year-sales-target-demand-cools-says-reuters