China electric-car makers BYD, Xpeng, Li Auto, Nio stand to benefit as lower loan rates recharge sales after Covid-19 woes

• Credit granted for car purchases in June rose 37.5 per cent to US$8.1 billion compared with a month earlier, according to Hua Chuang Securities
• Interest rates have fallen by half after commercial lenders were told to cut rates to support the industry, according to state-owned bank officials