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

HONG KONG — Auto sales in China fell 36% in April from a year earlier, the worst drop in more than two years, due to the weeks-long anti-Covid-19 lockdown at factories in the country. closing factories, disrupting supply chains and forcing car buyers to stay home.

The China Tourist Vehicle Association said on Tuesday that passenger car sales in April fell to 1.04 million vehicles, while output fell even more sharply, 41 percent, to 969,000 vehicles.

https://www.wsj.com/articles/tesla-among-biggest-losers-as-chinas-car-sales-fall-on-covid-lockdowns-11652181998?mod=pls_whats_news_us_business_f Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns

Edmund DeMarche

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