Profits have stalled at China's biggest EV maker.

Good morning and this is the Marketplace Morning Report live from the BBC World Service.

I'm Leanna Byrne and thanks for tuning in.

Now the electric vehicle market, it's a tough one to be in and the latest is that profits and sales of

B.Y. D. the Chinese EV giant have fallen.

Let's get the BBC's Mariko I to explain this one.

Hi Merico.

Hi there. Mariko.-Y-D Tesla's biggest rival I thought they were

doing really well what's the story they are but the thing is sales of

electric vehicles have been falling in the US but also in China

because as we've been reporting about it the economy isn't doing too

brilliantly and so people aren't spending a lot of money on big ticket items like electric cars and also the market is really, really saturated.

So BID is obviously the big one, but also there's Neo

also smartphone maker, Shami entering the market and they've all been

cutting prices aggressively in order to boost those sales numbers and that's starting to affect

BYD's financial results. So for the first three months of this year the company

said it made 630 million dollars. That's not bad at all obviously but it is almost 50% lower

than the previous quarter. At this point not everybody who was going to buy an

EV has bought them so what's their strategy to make sure more people

are buying them? B. I. D and other Chinese companies they have been looking to

expand abroad in the US and also in Europe but that's when they face the issues of you know US

China trade war a lot of lawmakers have been talking about tariffs on EVs

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