BYD March Sales Fall 20.5 Percent in Seventh Monthly Drop
BYD reported a 20.5 percent drop in March sales to 300,222 units. This marks the seventh straight month of decline as competition in the Chinese market intensifies.
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BYD CO LTD-H has recorded its seventh consecutive month of sales contraction, as the electric vehicle manufacturer navigates intensifying competition in China. According to calculations by Reuters based on company filings and social media updates from executive Li Yunfei, vehicle sales for March fell 20.5% year-on-year to 300,222 units. This performance marks a relative improvement from February, which saw a 41.1% decline.
