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BYD Shares Fall to Nine-Month Low on Back-to-Back Sales Decline

A BYD showroom in Shanghai, China.

Photographer: Qilai Shen/Bloomberg

BYD Co. shares neared the lowest in almost nine months Monday after the automaker posted its second consecutive drop in sales, again falling to No. 2 in the Chinese market.

October sales fell 12% from a year earlier to 441,706 vehicles, the Shenzhen-based manufacturer said Sunday.