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China auto sales drop 19% in Jan., worse than forecasts

Reflecting lower showroom traffic because of the Lunar New Year holiday and the emergence of the coronavirus, auto sales in China fell 19 percent in January, more than expected and marking the industry's 19th consecutive monthly decline, the country's biggest auto industry association reported.
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CATL aims to raise $2.85B for EV battery programs

CATL, China's top electric-vehicle battery maker, is seeking to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund expanded battery output in Fujian, Jiangsu and Sichuan, undertake an energy storage research project, and increase working capital.
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