China's leading electric vehicle (EV) manufacturer, BYD, has reported a significant decline in quarterly profits, marking the steepest drop in six years. The company's sales in China, its largest market, have faltered, casting a shadow over the global EV sector. BYD's financial woes come as the Chinese economy grapples with a slowdown, exacerbated by the ongoing trade tensions and a housing market downturn. As the world's largest EV market, China's struggles are likely to have far-reaching implications for the industry's growth and sustainability.
BYD's quarterly profit slides fastest in six years as China sales falter Reuters
