BEIJING (Reuters) -Chinese automaker BYD said on Saturday its October sales dropped 12% from the same month a year earlier to 441,706 vehicles. The update on global deliveries came in a post on Weibo by a BYD executive in charge of marketing and public relations. The company sold 502,675 vehicles in October 2024. BYD reported […]
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BYD’s October vehicle sales down 12% from year earlier
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BEIJING (Reuters) -Chinese automaker BYD said on Saturday its October sales dropped 12% from the same month a year earlier to 441,706 vehicles.
The update on global deliveries came in a post on Weibo by a BYD executive in charge of marketing and public relations.
The company sold 502,675 vehicles in October 2024.
BYD reported a nearly 33% drop in third-quarter profit on Thursday. Revenue was down 3% for the quarter, the first such decline in more than five years, reflecting increasing competition from domestic rivals.
(Reporting by Beijing NewsroomEditing by Mark Potter)