Inicio BYD BYD Hong Kong shares sink to 5-week low on weak January sales

BYD Hong Kong shares sink to 5-week low on weak January sales

BYD Hong Kong shares sink to 5-week low on weak January sales

HONG KONG, Feb 2 (Reuters) – Hong Kong shares of BYD Co Ltd fell 5.1% early on Monday after the vehicle maker posted its fifth straight month of decline in monthly sales.

The stock fell to HK$92.75, the lowest since December 24.

BYD’s vehicle sales dropped by 30.1% in January year-on-year as the Chinese electric vehicle maker navigates external uncertainties and tough competition at home.

(Reporting by Hong Kong newsroom; Editing by Jacqueline Wong)