Chinese electric vehicle giant BYD’s vehicle sales fell for an eighth straight month, down 15.5% from a year earlier in April, extending its longest-ever sales downturn as it struggles with weak demand at home.
Sales overseas grew 35% to 130,000 vehicles, reversing a 20.5% slide in March, according to Reuters calculations based on a Weibo post by BYD executive Li Yunfei.
The previous longest streak was a six-month decline amid a rollback of government EV subsidies that ended in December 2019.
