#CreatorPad The world's largest electric vehicle manufacturer BYD minimally increased deliveries in July, raising doubts about the company's ability to meet its annual plan, Bloomberg reports.
According to BYD, 344,296 electric vehicles were delivered last month — just 0.6% more than a year earlier and 10% less than in June. While the seasonal weakening of demand for new cars in China during the summer was not unexpected, BYD faces a serious challenge: according to the declared annual target of 5.5 million vehicles, the company needs to deliver an average of about 602,000 cars each month until the end of the year. BYD's maximum monthly result was just under 515,000 electric cars in December of last year.