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Tesla among the biggest losers as China’s car sales fall due to Covid lockdowns

HONG KONG – Car sales in China fell 36% in April from a year earlier, the worst drop in more than two years as week-long anti-Covid lockdowns in parts of the country close factories, disrupt supply chains and keep car buyers at home.

Passenger car sales in April fell 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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