China's BYD extends sales growth streak on strong exports
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Chinese electric vehicle maker BYD posted a sixth straight month of sales growth in October.
- ✓Sales grew 11% to 490,168 units, as the company used strong overseas shipments to counter sluggish demand at home.
- ✓Exports rose 102.8% on the year, showing how global markets helped the firm keep its winning streak.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
BEIJING, Nov 1 (Reuters) - Chinese electric vehicle maker BYD (002594.SZ), opens new tab, posted a sixth straight month of sales growth in October, relying on overseas markets to counter sluggish demand and intense price competition at home.
Vehicle sales grew 11% from a year earlier to 490,168 units last month, cooling from a 17% gain in September, while overseas shipments rose 102.8% on the year to 170,194 units, according to Reuters calculations based on a company disclosure on Sunday.
Sign up here.
Reporting by Qiaoyi Li, Xiuhao Chen and Liz Lee; Editing by Joe Bavier
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Reuters
Read the full, original unfiltered story directly on the publisher's portal.