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Tesla extends its 4-day winning streak to 13%, as July sales from the Chinese competition show require electric vehicles

August 5, 2021
Source: motorworld.app motorworld.app
News Snapshot:
Tesla’s shares rose 5% on Monday, helping it increase a four-day winning streak to 13%, as sales of electric vehicles from its Chinese competition demonstrate a continued call in the sector. Nio reported 7,931 cars delivered in July, representing a year-over-year expansion of 125%. Meanwhile, Li Auto and XPeng reported record deliveries in July of 8,589 and 8,040 cars, respectively, representing a year-on-year expansion of 251% and 228%. . The smart delivery figures bode well for Tesla, which has invested a giant component of its business in the region as it temporarily moves to electric cars. Tesla’s Gigafactory in Shanghai...
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Tags: ASIA | auto | Business | Chinese | construction | delivery | electric vehicle | expansion | Giant | inventory | IT | manufacture | manufacturing | NIO | Pacific | plant | sales | Shanghai | shares | Tesla | Xpeng

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