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Reading: Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns
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The Wall Street Publication > Blog > Tech > Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns
Tech

Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns

Editorial Board Published May 10, 2022
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Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns
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HONG 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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