China's EV sales rebound on jolt from Tesla

Subsidies and eased restrictions help spark first rise in 13 months

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Local production of Tesla autos helped lift Chinese sales of electric vehicles in July. © Reuters

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China's electric vehicle sales grew for the first time in 13 months during July, thanks to the government extending financial incentives and Tesla's local production.

Sales of EVs last month jumped 19.3% on the year to 98,000 units, the China Association of Automobile Manufacturers reported Tuesday. Tesla's sales in China grew sharply, buoyed by production of the popular Model 3 at its recently opened Shanghai plant.

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