"BEIJING (Reuters) -Chinese automaker BYD said on Saturday its October sales dropped 12% from the same month a year earlier to 441,706 vehicles. The update on global deliveries came in a post on Weibo by a BYD executive in charge of marketing and public relations. The company sold 502,675 vehicles in October 2024. BYD reported a nearly 33% drop in third-quarter profit on Thursday."
"BEIJING (Reuters) -Chinese automaker BYD said on Saturday its October sales dropped 12% from the same month a year earlier to 441,706 vehicles. The update on global deliveries came in a post on Weibo by a BYD executive in charge of marketing and public relations. The company sold 502,675 vehicles in October 2024. BYD reported a nearly 33% drop in third-quarter profit on Thursday. Revenue was down 3% for the quarter, the first such decline in more than five years, reflecting increasing competition from domestic rivals."
BYD reported that October sales fell 12% year-on-year to 441,706 vehicles. The update on global deliveries was posted on Weibo by a BYD executive responsible for marketing and public relations. The company recorded sales of 502,675 vehicles in October 2024. BYD posted a nearly 33% drop in third-quarter profit. Quarterly revenue declined 3%, marking the first revenue decrease in more than five years. The revenue decline was attributed to increasing competition from domestic rivals.
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