Chinese electric vehicle manufacturer BYD experienced its most significant sales decline in six years during February. The company saw a 41.1% drop in global vehicle sales compared to the same month last year, marking the sixth straight month of declining sales.
BEIJING – Chinese electric vehicle manufacturer BYD has reported its most dramatic sales decline in six years, according to company filings released over the weekend.
The automaker experienced a sharp 41.1% decrease in worldwide vehicle sales during February compared to the same period in 2023, company documents filed with stock market regulators on Sunday revealed. This marks the sixth month in a row that BYD has seen its sales numbers drop.
The February decline represents the company’s steepest sales fall since February 2020, when global markets were severely impacted by the onset of the COVID-19 pandemic.
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