BYD February vehicle sales drop 41.1 percent from year ago
BYD global sales fell 41.1 percent in February, the sixth straight monthly decline. This represents the steepest drop for the carmaker since early 2020.
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BYD Company Limited recorded its sharpest decline in global vehicle sales in six years during February, as the electric vehicle market faces mounting pressure. According to a stock market filing released on Sunday, the manufacturer based in China saw sales plunge by 41.1% compared to the same period last year. This result represents the sixth consecutive month of declining sales for the company. The scale of the decrease is the most significant since February 2020, when the global economy was first impacted by the pandemic.
