BYD's October vehicle sales down 12% from year earlier

BYD, a leading Chinese automaker, experiences a significant 12% drop in vehicle sales and a 33% decline in profit for Q3, marking the first time in five years that revenue has shrunk. The surge in competition from domestic car brands and new electric/hybrid models has led customers to explore alternatives, posing new challenges for BYD in China's competitive car market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.