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Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns
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wsj.comHONG KONG—Car sales in China declined 36% in April from a year earlier, the worst fall in more than two years, as weekslong anti-Covid lockdowns in parts of the country shutter factories, disrupt supply chains and keep car buyers at home.
Passenger-car sales in April tumbled to 1.04 million vehicles, the China Passenger Car Association said Tuesday, while production fell even more sharply, by 41%, to 969,000 vehicles.
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