BYD, the Chinese EV giant, is adjusting its production. The company is reducing shifts and delaying expansion plans. This comes after a period of rapid growth. BYD faces rising inventory despite price cuts. Sales targets were not met. Other Chinese automakers are looking abroad. BYD’s export sales account for 20% of its total sales. The company sold 1.
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BYD slows production, delays capacity expansion at China factories, sources say
