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BYD COMPANY Slips 2% on Reports of 16% Cut in Full-Yr Sales Target to 4.6M Vehicles
Recommend 13 Positive 21 Negative 14 |
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BYD COMPANY (01211.HK) has lowered its sales target for this year by as much as 16% to 4.6 million vehicles, signaling that it is facing its slowest annual growth in five years, foreign media reported, quoting two sources familiar with the matter. The car maker's share price last dropped by 2.13% to HKD105.7. According to the report, BYD COMPANY told analysts in March that its sales target for 2025 was 5.5 million vehicles. However, sources revealed that this target had been revised downward internally several times in recent months. It is understood that the latest confirmed sales target of at least 4.6 million vehicles was communicated internally and to some suppliers last month to guide planning efforts. AAStocks Financial News |
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