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0Hello, our dear EV audiences. Welcome to this week's China EV weekly. Today is March 16th. As usual, we will bring the latest news happening in China.
Today we have 2 reports for Tesla and 2 for BYD. First we start with Tesla, it is reported to bets on lower-priced Model Y in China, target to increase sales. In the meantime, they have been reported their exports from China in February end with 3,911 cars, down 87%.
Moving to BYD, they have raised billions on Hong Kong stock exchange for future investment.
It is also reported that BYD considers third European plant and battery factory.
OK! Buckle up, let's roll to the first news.
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