News Snapshot:
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID” policy, car sales saw a record decline last month as the country’s unbending COVID protocols take a severe toll on its economy. Particularly hard hit was electric vehicle (EV) maker Tesla. The company reported selling only 1,512 vehicles in mainland China in April, down a staggering 98 percent from March, according to data from the China Passenger Car Association (CPCA). RELATED READING: - [Elon Musk Faces Uphill Battle Implementing Change at Twitter Despite Takeover] - [Years of Surging Lithium Prices Show Signs of Turbulence...
