42 Mins
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الاقتصادية
BYD's sales rise for fourth month
Chinese company BYD continues its sales growth for the fourth consecutive month in August, with a 17.8% year-on-year increase, reaching 440,293 vehicles. Its exports to foreign markets surged by 134.5%, strongly supported by markets in Europe and Southeast Asia. Brazil has become the largest market outside of China, and the company is preparing to launch a plug-in hybrid vehicle in Brazil. These expansions have contributed to external market revenues surpassing domestic revenues for the first time, while also boosting profit margins and demonstrating the company's success in diversifying its income sources despite intense competition in the local market.
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