BYD Sales Drop 20.5% in March Amid Intense Competition

BYD faces its seventh straight month of declining vehicle sales as competition intensifies in China's automotive market.

Vehicle sales fell 20.5% last month compared to the same period last year, reaching 300,222 units. This represents an improvement from February's steeper 41.1% decline.

First-quarter vehicle sales dropped 30% compared to the same period last year, highlighting ongoing challenges for the Chinese EV manufacturer.