BEIJING, June 1 (Reuters) – 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.
(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park, Editing by Louise Heavens)
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