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China EV Sales In August Could Fall, Warren Buffett's BYD Tops Tesla In Q2 | Investor's Business Daily

News Snapshot:

BYD ( BYDDF ), China's Warren Buffett-backed electric vehicle giant, tripled its net income in the second quarter while selling more total vehicles than Tesla ( TSLA ). BYD stock jumped after the financial results Monday, ahead of anticipated China EV sales reports for August. X China-based EV makers Nio ( NIO ), XPeng Motors ( XPEV ) and Li Auto ( LI ) are expected to release August electric vehicle sales numbers Thursday, as Covid-19 outbreaks and restrictions continue be a major factor throughout the country. The China Association of Automobile Manufacturers reported that both total automobile production and…

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