BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said.Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%.The sales bring its yearly total to just over 35,000 in the country, the company said on Monday – making the U.K. its largest market outside of China. Its market share sits at 2.2% year-to-date.The firm, which had its start as a mobile p ...

BYD Co. vehicles in a parking lot after arriving at a port in Yokohama, Japan. More than two years after BYD Co.’s high-profile foray into the Japanese market, the Chinese electric vehicle maker is still struggling to win over drivers. Most Read from Bloomberg The automaker sold just 5,300 vehicles between January 2023 and June this year despite opening its 45th sales location in Japan, introducing a fourth EV model and touting plans to debut an electric ‘kei’ car in late 2026. The moves have done littl ...