SHANGHAI (Reuters) -BYD’s production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long expansion.

The world’s biggest EV producer made 353,090 electric vehicles and plug-in hybrids (PHEV) globally last month, down 3.78% from a year earlier, according to a monthly filing with the Hong Kong Stock Exchange on Monday. That follows a 0.9% drop in July.

The last time BYD’s production fell for two consecutive months was in June and July 2020.

Reuters reported in June that BYD, the biggest Chinese rival to Tesla, was slowing its production pace by reducing shifts at some factories in China and had delayed plans to add new production lines.

Its sales

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