Phate Zhang

This equates to a reduction of 1.07 million tons of carbon emissions, as well as saving customers about RMB 7 billion in energy costs.

April passenger vehicle sales in China are expected to be around 1.57 million units, down 1.3 percent from March, the CPCA said.

This means Zeekr has delivered 6,818 vehicles so far this month, considering it had 93,182 cumulative deliveries through the end of March.

Nio sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

Automakers can voluntarily apply for storage of positive credits when the supply exceeds demand, and release credits when the supply is less than demand.

Tesla will initially open 10 Supercharger stations in the Chinese mainland for 37 non-Tesla models.

In the first quarter, China contributed 20.97 percent of Tesla's revenue, up from 18.82 percent in the fourth quarter but down from 24.79 percent in the same quarter last year.

The years 2023-2025 for China's smart EV market will be like the last three years of World War II in history from 1943-1945, said Li Xiang.

Edison Yu's team shares their key takeaways on new model pricing, design, ADAS, and ultra-fast charging.

Lithium prices are expected to stop falling in the near term, but will continue their downward trend over the next two years, analysts say.