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Chinese Automakers Report Robust Sales Growth in April

Chinese Automakers Report Robust Sales Growth in April

Chinese automakers' latest monthly sales show that demand for electric vehicles in the world's second-largest economy remains strong, with Tesla rivals such as XPeng XPEV -0.37%decrease; red down pointing triangle posting robust April numbers.
Analysts had expected solid results for April as government subsidies boosted consumption and seasonally weak Lunar New Year period came to an end.
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