WEEK IN REVIEW: BYD Reports Sixth Straight Monthly Drop in EV Sales

Chinese auto major BYD debuted in the Pakistan market with three fully-electric models at a launch event on August 22, 2024. Image via BYD Pakistan.

The Chinese EV-maker BYD reported its sixth straight monthly drop in sales and production, marking the sharpest year-on-year decline since early 2020 as domestic incentives end and demand weakens. The Chinese EV giant is increasingly betting on exports and overseas expansion, including a reported bid for a Nissan–Mercedes plant in Mexico. (SIMPLY WALL ST)

The Nigerian conglomerate Dangote Cement signed a $1 billion deal with China’s Sinoma Engineering to build and upgrade cement plants across seven African countries. In Cameroon, the investment may expand the Douala plant or revive a long-delayed second facility near Yaoundé. (BUSINESS IN CAMEROON)

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by CGSP Staff

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