Chinese EV sales falter at home as growth slows
Chinese carmakers reported slack sales for July, igniting fears of fresh price wars, and the country’s central bank pledged to promote stable growth and continue monetary easing after the pace of economic expansion slowed in the second quarter. Electric-vehicle (EV) makers Xpeng, Nio, and Li Auto, three major domestic rivals to Tesla in China, saw deliveries decline by 5.2 per cent, 11.5 per cent…
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