Chinese electric vehicle manufacturer BYD ended an eight-month sales decline in May, with global vehicle sales rising 0.3% year-on-year to 383,453 units, according to Reuters calculations based on a stock filing released Monday.
International sales climbed 80.4% from a year earlier to 160,644 units in May. The increase came as demand for electrified vehicles strengthened in Europe and emerging markets, with higher oil prices following the U.S.-Israel conflict with Iran supporting sales growth.
The company continues to face challenges from weakening domestic demand and intensifying competition in the Chinese market.
