<div id="readability-page-1"><div><div><p><strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> recorded a decline in sales for the first time in over 6 months during July amid China's EV price war.</p><h2>BYD Global Deliveries Slip 10%</h2><p>BYD delivered 344,296 vehicles during July globally, a 10.1% decline from June, Investing.com reported on Sunday, citing data released by BYD.</p><p>BYD's Plug-In Hybrid (PHEV) deliveries also fell 22.6% YoY in July and continued a MoM decline, the report suggests. However, EV sales during the same period still grew.</p><p>The company delivered over 177,887 units, a 36.8% YoY growth. However, EV sales still fell short and slipped 14% compared to June.</p><h2>BYD, Chinese EVs Capture EU Market</h2><p>The news comes as BYD sales fell 8% domestically in June, despite the company being on track to hit its overseas sales targets. BYD is also set to launch its luxury-focused subsidiary, <strong>Yangwang</strong>, in Europe next year.</p><p>Speaking of which, Chinese companies like BYD hold more than 10% of the region's total EV market share, reaching a second-highest level of market share after June 2024's 11.1%.</p><h2>Scrutiny From Authorities In China, Another Affordable EV</h2><p>However, BYD has also been under scrutiny after the company was accused of allegedly inflating sales figures in China by insuring vehicles before they were delivered to customers to register them as sold amid rising competition in the country.</p><p>BYD also recently unveiled the $10,600 ‘Yuan Up Pilot’ EV, which is marketed as the BYD Atto 2 in overseas markets, with a claimed range of 187 miles on a single charge in the Chinese market.</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Tesla Rival BYD Hits Roadblocks In India Amid Tensions With China While Elon Musk-Led EV Giant Kickstarts Operations</li> </ul><p><em>Photo courtesy: Tada Images / Shutterstock.com</em></p></div></div></div>

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<p>BYD Co. Ltd. experienced a 10.1% decline in global vehicle deliveries in July, marking its first sales drop in over six months amid China's EV price war. While EV sales grew 36.8% year-on-year, they fell 14% compared to June. The company faces scrutiny for allegedly inflating sales figures and is set to launch its luxury subsidiary in Europe next year. Despite challenges, BYD holds over 10% of the EU EV market share, second only to Tesla.</p>

- BYD Co. Ltd. experienced a 10.1% decline in global vehicle deliveries in July, marking its first sales drop in over six months amid a price war in China's EV market.  
- Despite a 36.8% year-over-year growth in EV sales, total deliveries fell short, decreasing 14% compared to June.  
- The company faces scrutiny for allegedly inflating sales figures and is set to launch its luxury subsidiary, Yangwang, in Europe next year.

Tesla Rival BYD's EV Sales Tumble 14% In July: Overall Deliveries Fall 10%, Marking 1st Decline In 6 Months