BYD breaks eight-month sales decline with 0.3% May growth

Investing.com -- Chinese electric vehicle manufacturer BYD ended an eight-month sales decline in May, with global vehicle sales rising 0.3% year-on-year to 383,453 units, according to Reuters calculations based on a stock filing released Monday.

International sales climbed 80.4% from a year earlier to 160,644 units in May. The increase came as demand for electrified vehicles strengthened in Europe and emerging markets, with higher oil prices following the U.S.-Israel conflict with Iran supporting sales growth.

The company continues to face challenges from weakening domestic demand and intensifying competition in the Chinese market.

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