TM - China's car sales increased 25.7% in January

China's retail sales of passenger cars rose 25.7% Y/Y to 2.16M vehicles, the strongest growth since September 2016 - China Passenger Car Association.Sales of electric cars expanded 281.4% Y/Y to 158K in January but dropped 23.9% M/M.Retail sales declined 20% in January 2020 and 7% in December 2020.Nissan Motor's (NSANY) China sales grew 23.8% in January, and sales of Honda Motor (HMC) rose 4.8%.Tesla (TSLA) started delivering its second Chinese-made vehicle, the Model Y compact crossover vehicle. The company sold 15,484 Model 3s and Model Ys that were made in its Shanghai factory."The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows to replace U.S. Gov. fleet with EVs, writes Matt Bohlsen in his article on Seeking Alpha.Sector watch: Nio (NIO), Great Wall Motor (GWLLF), (GWLLY), Kandi Technologies (KNDI), Geely Automobile (GELYF), Volkswagen (VWAGY), Daimler (DDAIF), Ford (F), Guangzhou Automobile Group (GNZUF),

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China's car sales increased 25.7% in January