Lei Kang

Workers at the Xiaomi EV factory work 10-11 hours a day, six days a week, according to local media.

Polestar now has access to more than 2,200 Nio charging stations, including more than 11,000 charging stalls.

CATL continued to be No. 1, but with a slight decrease in share from Jan-March. BYD remained in second place and increased its share.

China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.

BYD's battery making unit FinDreams will be Tesla's new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media.

This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.

On average, each Nio user used the battery swap service six times in May, each time taking about three minutes.

In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.

STMicro said it will supply SiC power devices for Geely's multiple brands of mid- to high-end all-electric vehicles, helping to boost performance, speed up charging and extend range.

Gotion has signed a new cooperation agreement to work with two partners on energy storage and new material development in Spain.