Phate Zhang

Nio could bring the ET5 Touring and the new ES6 to European customers at a launch event next week.

The Mustang Mach-E team will be integrated back into Ford China and the separate entity running the project will be written off in the future, according to local media.

The first production vehicles of the Zeekr X rolled off the production line today and will be shipped to stores in various cities, with first deliveries expected to begin in the middle of this month.

The ET5 Touring has arrived at Nio stores and will be available in Nio showrooms on the evening of June 9, and those interested can check it out on June 10, according to a blogger who has been following Nio for a long time.

The moves include holding auto festivals in 100 cities and promoting consumption of NEVs in rural areas.

China will need 1,000-1,200 GWh of power battery capacity by 2025, but the industry is already planning for 4,800 GWh of capacity, according to Changan's chairman.

Wang believes that the NEV change is a technological revolution, and only companies with core technologies will survive.

Tesla is asking several Chinese supply chain companies to build factories in Mexico in order to replicate a Giga Shanghai and its supply chain system there, according to local media.

Li Auto is preparing to open so-called "central stores" in select Chinese cities, moving away from its current model of opening only experience stores in shopping malls, local media said.

Second-tier battery makers may adopt a more aggressive pricing strategy to gain market share in the second half of the year, and CATL could face increasing risks to its market share and margins in the domestic market, Morgan Stanley said.