The China Association of Automobile Manufacturers (CAAM) reported that the top ten car manufacturers sold 2.431 million vehicles between January and May, accounting for 67.4% of the total market share. During this period, SAIC and Tesla saw sales increases compared to the previous year, while other major manufacturers experienced declines. The report also noted a significant drop in the Hang Seng Tech Index and various stock movements in the tech and semiconductor sectors. AI
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