BYD takes a hit in South Africa

BYD's South African sales plummeted 27% in August, marking the first decline since the company began reporting figures six months ago, with 608 vehicles sold, a far cry from the second-placed carmaker. This drastic drop raises questions about the competitiveness of BYD's products in the market, despite still outselling its rivals. BYD's decision not to launch a price war in South Africa may be a calculated move to maintain profit margins, a strategy that could have significant implications for the company's long-term success in the region.