#Chinese #EV Shares Surge as Government Mulls Petrol Car Ban

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#China’s new-energy auto firms saw shares surge in Monday morning trade, extending recent strong gains, after a government official said over the weekend that #China had begun looking at a ban on traditional petrol-engine cars.

Chinese electric-car maker BYD Co Ltd, backed by #US billionaire #WarrenBuffet, saw its shares jump, while #Lithium products maker Jiangxi Ganfeng Lithium Co Ltd rose more than 5 percent to a record high.

Read more at: https://www.nytimes.com/reuters/2017/09/11/business/11reuters-china-autos.html?_r=0

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