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China’s Stimulus Has EV Maker Talking Best Golden Week in Years
- Some carmakers post record orders during week-long holiday
- China unveiled stimulus to revive spending, property market
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China’s multi-pronged stimulus package helped supercharge electric vehicles sales during the week-long National Day holiday, with one manufacturer describing it as the “best Golden Week in many years.”
Zhou Jinkai, a marketing director for General Motors Co.’s joint venture with SAIC Motor Corp. and Wuling Motors Holdings Ltd., said it was the best Golden Week for the brand in terms of sales for years. “The stock market is up, and the car market is up!” he wrote in a post on Chinese social media platform Weibo on Monday as the week-long holiday drew to a close.