In China, the electric automobile sector in the face of the challenge of overcapacity

In this large byd dealership in the south-east of Beijing. However, adjoining a forest park, a four-meter panel by three entitled “Hot list of commands” allows sellers to compare their performance while giving the market tempo: here, the Electric Li L electric sedan, released in the spring and half china, electric automobile sector face cheaper than the Tesla Model 3, of similar category, holds the top of the pavement.

But behind the commercial smile of these staff with a sky blue polo shirt, byd hits his teeth. On the Hong Kong Stock Exchange, dated August 8, its action fell 30.2 % compared to the peak observed in May, and even 49 % on the Shenzhen Stock Exchange over the same period. Byd, which has not produced purely thermal vehicles since 2022, has seen its sales slowing on the Chinese market since May. In July. they fell 10 % compared to June, while the Chinese electric and rechargeable hybrid car market made only grow less strongly, with an increase of 12 % in July, compared to 29.7 % in June.

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