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China’s April Auto Sales Slump Exposes Pressure on Gasoline Cars
China’s auto market contracted sharply in April, with weaker demand for gasoline vehicles overwhelming electric-vehicle momentum as subsidy changes and tax policy weighed on buyers.
Key Takeaways
- China’s car sales fell 22 percent in April year over year.
- The supplied source says EV demand could not offset weaker gasoline-car demand.
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DT Editorial AI··via autonews.com