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China electric-car makers BYD, Xpeng, Li Auto, Nio stand to benefit as lower loan rates recharge sales after Covid-19 woes

Loans for car purchases in June rose 37.5 per cent to US$8.1 billion compared with a month earlier, according to a report, as Beijing urges lenders to help jump-start the economically crucial industry.

Read the original article at South China Morning Post

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