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China 2021 EV sales to surge 40% as Tesla ramps up local output

Overall auto sales seen rising for first time in four years

A worker sanitizes a Tesla showroom in Shanghai. Tesla has been driving the overall electric vehicle market in China higher as it cuts prices and expands local production.   © Reuters

BEIJING -- Sales of so-called new-energy vehicles in China, which include electric, plug-in hybrid and fuel-cell vehicles, will jump 40% in 2021 to 1.8 million units, the China Association of Automobile Manufacturers said Friday, as Tesla's expansion of local production and price cuts help to lift that market.

New vehicle sales of all types will increase 4% next year to 26.3 million in 2021, marking the first growth in four years, thanks to efforts to bolster the domestic economy.

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