Market Chatter: BYD Gains Ground in Brazil as Market Share More Than Doubles

MT Newswires Live10:36

BYD (HKG:1211, SHE:002594) share of Brazil's auto market reached 9.7% in October, up from 4.2% a year earlier, as the Chinese automaker expands its local operations, Bloomberg News reported Tuesday, citing a statement from the carmaker shared with the news agency.

The company registered 193,227 vehicles in the 12 months through October, up more than 120% year over year, the report said.

October registrations climbed 137.6% to 24,114 vehicles, it added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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