Forvia sales fall less than expected, but BYD hurts China business:
French car parts supplier Forvia reported a smaller-than-expected drop in its half-year ...
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Forvia sales fall less than expected, but BYD hurts China business: French car parts supplier Forvia reported a smaller-than-expected drop in its half-year ...
reuters.com/world/china/forvia-sales-fall-less-than-expected-china-business-declines-2026-07-31/
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Key FactsBYD reports first-half decline in six years
Jul 1, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: asia.nikkei.com
Summary created with AI assistance · Source: asia.nikkei.com
- Changed EV subsidies and weak consumer demand particularly hurt BYD’s domestic Chinese business.
- Among passenger vehicles, EV sales fell 15% to 867,479, while plug-in hybrids declined 17% to 909,896.
- Overseas passenger-vehicle sales, including pickups, reached 789,367 units but did not offset the domestic decline.
- In June, new-vehicle sales rose 5% to 403,472, marking the second consecutive month of growth.
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