Chinese automaker BYD Auto Co., Ltd. is reported to have sold less than 100 F3DM (dual-mode) EVs (electric vehicles) by the end of this August, and Morgan Stanley thought that the actual F3DM sales would fall far behind the goal of 3000 to 4000 units set earlier this year.
However, large Chinese automakers and regional government are still bullish on new energy vehicles, and making "abnormal" plans. Experts warmed that the blind expansion of new energy vehicles would possibly lead to redundant construction and overcapacity.