BYD Sales Fall 15.5 Percent in Eighth Month of Decline
The Chinese electric vehicle maker reported a 15.5 percent drop in April sales amid weak domestic demand. Overseas sales grew 35 percent to 130,000 units.
BYD CO LTD-H saw vehicle sales fall 15.5% year-over-year in April, marking an eighth consecutive month of decline. This streak surpasses the previous record of six months set in 2019 during a rollback of electric vehicle subsidies. Sustained weakness in China pressures margins as the domestic market struggles with cooling demand for electric vehicles.
### Export Growth Offsets Domestic Slump According to Reuters calculations based on a Weibo post by BYD executive Li Yunfei, overseas sales rose 35% to 130,000 vehicles. This international growth reverses a 20.5% slide recorded in March. Despite global expansion, the domestic downturn remains the primary drag on total volume.
