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.
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.
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