BYD Shares Decline Following Fifth Consecutive Month of Falling Vehicle Sales
BYD Company Limited shares dropped 5.1 percent on Monday as January sales fell 30.1 percent. This marks the fifth consecutive month of declining vehicle sales.
Insights:
Reuters reported on Monday, Feb 2, that the Hong Kong-listed shares of BYD Company Limited fell 5.1 percent after the company reported its fifth consecutive month of declining monthly vehicle sales. In January, the vehicle sales of the automaker dropped by 30.1 percent year-on-year.
