Phate Zhang

Xpeng's financial performance in the first quarter and its outlook for the second quarter will be weak, though the company may see a turnaround after the launch of G6, according to Edison Yu's team.

As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.

Nio's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.

The potential expansion would give the Shanghai factory the capacity to produce 1.75 million powertrains per year, up from the current 1.25 million, according to Reuters.

The revamped Model 3 is slightly longer and sportier than earlier versions and has a sleeker interior design, according to Bloomberg.

The new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries starting on May 25, Nio said today.

Wait times for the EC7 have changed from about 5 weeks to 5-7 weeks, and for the ET5 from about 2 weeks to 2-3 weeks.

Independent economist Ren Zeping has suggested that China introduce a timetable to ban the sale of fuel cars within five years and have regions south of Hebei actively develop the new energy sector.

Alibaba's DAMO Academy's autonomous driving lab will lay off about 70 percent of its staff, while others will be transferred to the e-commerce giant's logistics arm, according to local media.

Li Auto CEO said they have been complained about by many of their peers, so they are temporarily unable to publish insurance data from last week.