AsianFin -- BYD, China’s largest electric vehicle maker, has reduced its sales target for 2025 by up to 16% to 4.6 million vehicles, according to two sources familiar with the matter, marking the slowest annual growth pace the company has seen in five years. The adjustment signals a potential end to the automaker’s recent streak of record-setting expansion.

Earlier this year, BYD had told analysts it was aiming for sales of 5.5 million vehicles in 2025. However, internal forecasts have been revised downward multiple times in recent months, the sources said.

The latest internal figure of at least 4.6 million vehicles was communicated last month within the company and to select suppliers to guide operational and production planning, according to the sources, who spoke on condition of anonymity.

The company’s sales target remains flexible and may be adjusted further depending on market conditions, they added.