With Sales Slowing at Home, Chinese EV Giant BYD Looks to New Markets in the Global South

Electric SUVs are a key product line in BYD's international expansion. Image via AFP

September sales of New Energy Vehicles (NEVs) in China increased at the slowest pace in five months, providing fresh hints that relentless COVID lockdowns and a slowing Chinese economy may be taking a toll on the Chinese consumer.

“The recovery trend is far lower than our expectation. The market is overall relatively weak,” said Cui Dongshu, secretary general of the China Passenger Car Association (CPCA).

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by Eric Olander

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