China's BYD climbs on strong sales growth in Europe
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Hong Kong shares of EV maker BYD Co 1211.HK climb 2.4% to HK$108.2, set for biggest one-day pct gain since September 17
On course to snap three sessions of fall
Shenzhen-listed stock 002594.SZ gains 2% to 107.83 yuan, highest level since September 22
BYD sold 3x as many new cars in the EU last month than in August 2024, surpassing U.S. rival Tesla TSLA.O for the second consecutive month, data from European auto lobby ACEA showed
Tesla's EU sales dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago, while BYD's sales were up 201.3% to give it 1.3% market share
YTD, Hong Kong stock up 21.8%, Shenzhen-listed shares up 13.9%
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