BYD hits 13 million NEVs with U7, analysts cut 2025 sales target
BYD launched its 13 millionth NEV, the luxury U7 sedan, but analysts cut 2025 sales targets amid weak China demand, EV price wars, and regulatory pressure. Delivering 5.5 million units seems unlikely, with Deutsche Bank and Morgan Stanley projecting lower volumes. Overseas sales offer relief, but challenges persist. Despite this, BYD's US stock is up 45.3% in 2025.