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Story summary
- BYD, the Chinese electric vehicle maker, reported a 41.1% drop in global sales for February, selling 190,190 vehicles.
- Domestic sales fell 65% to 89,590 units, following a record-long Lunar New Year holiday that disrupted production and retail.
- Despite robust overseas shipments, BYD faces intense competition and has introduced a low-interest financing plan.
- Chinese regulators are tightening pricing rules to shift the auto sector toward value-based competition.
