Transportation
BYD Climbs as Overseas Sales Jump; Nio Drops on Weak Demand
BYD, already the dominant player, may be able to weather the uncertainty better than others.
Photographer: Qilai Shen/BloombergBYD Co. shares rose in Hong Kong as strong exports helped its monthly sales beat Citigroup Inc. estimates. In a mixed showing for Chinese electric vehicle stocks, Nio Inc. and Xpeng Inc. declined on disappointing deliveries.
Shenzhen-based BYD climbed as much 4% in Hong Kong on Tuesday despite a drop in sales in November from a year earlier. Its deliveries of 480,186 vehicles were better than expected, according to Citigroup, while Morgan Stanley said the carmaker is on track to meet its target of 1 million exports for 2025.