BYD and Geely hit record sales as smaller Chinese carmakers face pressure

China's two largest carmakers, BYD and Geely Auto, recorded their strongest monthly sales of the year in October. Their growth comes as smaller rivals face increasing pressure to turn a profit in the world's largest automotive market. BYD, based in Shenzhen, delivered 490,168 electric vehicles (EVs) to customers in China and abroad last month. This was an 11 per cent increase from the same month last year. Geely, headquartered in Hangzhou, delivered 310,183 petrol and electric cars worldwide during the same period.