TOKYO -- Shares in Chinese electric-vehicle maker BYD have bounced back about 30% from recent lows after China's government said it would encourage drivers to replace their old cars.
Electric cars in China
BYD shares rebound on China's latest push for EV buying
Beijing wants more old cars replaced with new ones
BYD sold more than 3 million vehicles in 2023 and is reportedly targeting 4 million this year. © Reuters
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