BYD's October vehicle sales down 12 percent from year earlier

Chinese automaker BYD (1211) said on Saturday its October sales dropped 12 percent 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 percent drop in third-quarter profit on Thursday. Revenue was down 3 percent for the quarter, the first such decline in more than five years, reflecting increasing competition from domestic rivals.

Reuters