
BYD January Vehicle Production, Sales Drop; Stock Down

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Chinese automaker BYD Co. Ltd. reported a significant drop in January production and sales, with total production down 29.13% to 232,358 vehicles. The company's stock fell around 8% in Hong Kong, trading at HK$90.100. New energy vehicle production also declined by 29.1%, while passenger vehicle production dropped 29.6%. Sales volume decreased by 30.1% to 210,051 units, with similar declines in new energy and passenger vehicle sales. However, commercial vehicle production saw an increase of 11.60%, particularly in bus production, which grew by 54.6%.
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