BYD's Car Delivery May Rise 72% in November on Strong Sales Momentum in China -- Market Talk

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BYD's Car Delivery May Rise 72% in November on Strong Sales Momentum in China -- Market Talk

Dow Jones11-28 11:08

0308 GMT - BYD is likely to deliver 520,000 units of cars in November, 72% higher compared with a year earlier, Deutsche Bank analyst Bin Wang writes in a note. The Chinese automaker's domestic retail sales totaled 288,000 units in the first three weeks of November, he notes. BYD's new order flow is forecast at around 500,000 units this month, DB says based on dealers' feedback. The brokerage expects China's strong sales momentum to continue. Its rival Tesla will likely see a full-month delivery volume at around 80,000 units, a record monthly high, Wang says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 27, 2024 22:08 ET (03:08 GMT)

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