BYD snaps longest streak of sales declines

Chinese electric vehicle giant BYD snapped its longest-ever eight-month sales decline streak in May, despite ‌weakening domestic ⁠demand and ⁠intensifying competition continuing to weigh on performance..

Vehicle sales globally grew 0.3% from a year earlier to 383,453 ⁠units last ‌month, according to Reuters ⁠calculations based on a stock filing on Monday.

Sales abroad rose 80.4% year-on-year to 160,644 units in May, supported by stronger ‌demand for electrified vehicles in Europe and emerging markets, ⁠driven by higher oil prices following the U.S.-Israel conflict with Iran.