Phate Zhang

Chinese consumers' intent to buy NEVs continues to rise, further squeezing the share of the fuel vehicle market, according to JD Power.

Nio delivered 31,041 vehicles in the first quarter, slightly above the lower end of its guidance range of 31,000 to 33,000 vehicles.

One possibility is that Nio may price the new ES6 at under RMB 368,000 and attribute the decision to the calls of its community.

SAIC-GM-Wuling is allowing consumers to pay only for the vehicle body and rent the battery when they buy the Mini EV, lowering the purchase threshold to RMB 19,800 ($2,860).

Li Auto aims to reach 30,000 units delivered in a single month in June, the company's management said.

Nio's models are finally close to being able to use semi-solid-state batteries, with the EV maker filing to add WeLion as a battery cell supplier in three models.

The true test will be how sustainable this run-rate is in the second half of this year, Edison Yu's team said.

Li Auto expects to deliver between 76,000 and 81,000 vehicles in the second quarter, meaning a total of 50,319 to 55,319 vehicles for May and June.

The new BYD Seal starts at RMB 189,800, down RMB 23,000 from its predecessor's RMB 212,800.

In the first quarter, Changan and Geely ranked third and fourth, respectively, in China in terms of retail vehicle sales.