Have you ever imagined that a big-name car brand like BYD would also feel uneasy because of market pressures?With the support of policies, BYD has maintained a strong momentum of development, but with the strong rise of a number of independent car companies and joint venture cars, BYD is also facing unprecedented pressure.
In order to cope with the competition in the market, BYD took the initiative to reduce prices, but such ** did not bring incremental growth to BYD, but caused BYD's sales to decline significantly. To achieve the 3 million target, BYD must achieve its monthly sales target of 320,000 units by the end of the year, but this goal seems increasingly difficult to achieve.
The capital market has also begun to exert force on BYD's performance, which makes people worry about BYD's future. BYD's sharp fall has attracted widespread attention from shareholders. Since November 6, BYD's stock price has plummeted, and there has hardly been any sign of **.
As of December 1, BYD's stock price has accumulated **183%, relative to the high point in the middle of the year, it is 451%。At the same time, Warren Buffett has also ** BYD's shares, which have been ** 13 times since August last year, and the shareholding ratio has increased from 1992% dropped to less than 8%.
Although BYD has made tremendous progress in recent years, as other independent car companies catch up, BYD's first-mover advantage is getting weaker and weaker. Traditional car companies such as Changan, Great Wall, Geely, and Chery, as well as new car-making forces such as Ideal, Xpeng, and Wenjie, have all posed new challenges to BYD. In the future, BYD will face greater pressure and cannot have the slightest room for breathing.