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Chinese auto makers plunge as COVID surge prompts delivery cuts

Por: MarketWatch Business December 28, 2022

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The losses followed U.S. rival Tesla Inc.’s 11% decline overnight after the EV maker extended the production suspension at its Shanghai plant due to surging COVID-19 infections. NIO on Tuesday cut its fourth-quarter delivery estimate, citing pandemic-related production challenges and continued supply-chain constraints. “As most Chinese citizens have been affected by Covid before Jan re-opening, we recognize major mid-high-level new energy... + full article



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