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China Electric-Car Shares Jump on Bets Apple Will Enter Market

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Chinese shares related to electric vehicles jumped amid speculation they will benefit from Apple Inc.’s entry into the industry.

BYD Co., a manufacturer of electric cars and batteries, surged 11 percent in Hong Kong today. NavInfo Co., a provider of auto navigation systems, jumped 10 percent in Shenzhen, its biggest advance since May 2010. Car-accessory maker Ningbo Joyson Electronics Corp. climbed 10 percent in Shanghai. The CSI 300 Index gained 0.9 percent, while the Hang Seng Index added 0.2 percent.