Phate Zhang

Nio said it plans to launch a new NT 2.0-based model, the ET5 Touring, which will be delivered to customers starting in June.

Xpeng expects the G6 to be one of the most popular and best-selling models in the Chinese NEV SUV market, with a price range of RMB 200,000 to RMB 300,000.

This sets the stage for Li Auto to surpass its revenue goal of RMB 100 billion in 2023, the company said.

The G6 needs to be successful for Xpeng to be truly relevant to the market again, Deutsche Bank analyst Edison Yu's team said earlier this week.

Musk arrived in Shanghai from Beijing yesterday evening and toured the Tesla Shanghai factory overnight.

The Nio ET5 wait time has changed from 2-3 weeks to about 3 weeks, the EC7 from 5-7 weeks to about 5 weeks, and the ES7 from about 4 weeks to about 3 weeks.

Former Xpeng Internet center vice general manager Liu Fanfan has joined Nio as head of the navigation and location services division, according to local media.

With the price of battery-grade lithium carbonate falling back to around RMB 300,000 per ton, the cost advantage of sodium batteries is seen as no longer prominent.

In the first four weeks of May, retail sales of all passenger vehicles in China were 1,392,000 units, up 19 percent year-on-year but down 6 percent from the same period last month, according to the CPCA.

Nio is more likely to announce plans for its sub-brands than new Nio-brand models on Nio Day 2023.