Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
June 15, 2022: -In May, Chinese electric car maker BYD experienced sales increase twice, thickening the company’s increase into the ranks of the three automakers in China.
According to Friday’s China Passenger Car Association data, China is the largest auto market.
BYD is a battery maker that’s become a significant electric car trademark in China. A few of its models are vying with Tesla.
This year, BYD has stopped destroying other power vehicles, such as hybrid and battery-powered cars. The company has increased into the top three brands in China by passenger car sales.
The data revealed that despite Covid lockdowns trading supply chains, and Chinese consumer sentiment, BYD sold nearly 113,768 recent energy passenger cars in the previous month.
According to association data, BYD accounted for two of China’s top three bestselling contemporary energy bars in SUVs or passenger cars in the previous month.
According to the data, those sales put the company into two places in China’s passenger car market, just behind FAW-Volkswagen, with 150,009 cars sold. FAW-Volkswagen is the German automaker’s venture in China that sells the Audi and Volkswagen branded vehicles.
BYD’s sales are marking a 159.5% growth perennial, while FAW-Volkswagen’s dropped 10.6% from May in the previous year. Geely was the third-huge by passenger car sales, at 73,315, down 14.5%.
In the previous year, BYD rated 13th in passenger auto deals. FAW-Volkswagen, SAIC Volkswagen, and SAIC-GM grabbed the top three spots.
According to Sino Auto Insights, Toyota types first by sales, followed by Ford and General Motors’ Chevrolet brands.
China’s passenger car sales declined 11.8% in May from a year ago, while current energy vehicles saw sales increase 91.2%, according to the passenger car association.
For the initial five months, FAW-Volkswagen ranked preferably by sales, followed by BYD and then Changan Automobile, according to the data.
Within recent energy vehicles, BYD rated sooner, pursued by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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