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GM-Wuling tiny car overtakes Tesla to lead China’s EV market

Summary:
China’s fast-growing electric vehicle market is the largest in the world. After a slump earlier this year, the sale of electric cars nationwide is gaining speed again.Chinese carmaker Wuling has overtaken Tesla as the top-selling electric vehicle in China. The brand is a joint venture with General Motors to target young consumers and less affluent drivers.[embedded content]

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 China’s fast-growing electric vehicle market is the largest in the world. 

After a slump earlier this year, the sale of electric cars nationwide is gaining speed again.

Chinese carmaker Wuling has overtaken Tesla as the top-selling electric vehicle in China. The brand is a joint venture with General Motors to target young consumers and less affluent drivers.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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