BYD Suffers Market Share Decline as Competition Tightens in China’s EV Market

BYD, once the dominant player in China’s electric vehicle (EV) market, is currently facing a challenging period of declining market share. The company has been impacted by recent regulatory changes aimed at curbing aggressive discounting strategies employed by Chinese automakers. This shift has allowed competitors to gain ground and create challenges for BYD’s long-standing dominance.