BYD vehicle sales fall for eighth month in a row amid weak demand

Investing.com -- BYD reported a 15.5% decline in vehicle sales for April compared to the same month last year, marking the eighth consecutive month of falling sales for the Chinese electric vehicle manufacturer.

The company disclosed the figures in a Weibo post by BYD executive Li Yunfei. This represents the longest sales downturn in BYD's history, surpassing a six-month decline that ended in December 2019 during a rollback of government EV subsidies.

While domestic demand remained weak, BYD's overseas sales grew 35% to 130,000 vehicles in April. This reversed a 20.5% decline recorded in March, according to Reuters calculations based on the company's announcement.

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