Key facts
- BYD's global vehicle sales grew 0.3% year-on-year in May.
- Total global sales reached 383,453 units in May.
- This marks the end of an eight-month period of sales decline for BYD.
- International sales increased by 80.4% year-on-year in May.
- Domestic sales fell 24% in May, continuing a 13-month decline.
BYD, the world's largest EV maker, has been navigating a challenging period marked by an eight-month sales decline, primarily due to weakening domestic demand and intense competition. The recent May sales figures suggest a potential turning point, with a slight global increase driven significantly by robust international expansion. This growth in overseas markets, particularly in Europe and emerging economies, offers a crucial offset to persistent softness in its home market.