Phate Zhang

Confirmed orders for the ES6 accounted for 35-40 percent of new orders in May, meaning inflows since the model's launch in the last week of May have been quite meaningful, Morgan Stanley said.

The new brand's official name could be Fangchengbao, with the first model expected to compete with the Mercedes-Benz G-Class.

Consumers who lock in their orders for the new ES6 can now expect delivery in about five weeks.

Nio management aims to capitalize on the success of the Zeekr 001, which proves there is a sizeable local market for luxury sporty EV wagons, Deutsche Bank said.

Deutsche Bank expects Nio to report soft results for the first quarter, with downside risk to margins, though some relief in on the way.

From January to May, Tesla sold 382,859 China-made vehicles, up 77.37 percent from 215,851 units in the same period last year.

Strong increases in lithium carbonate prices will not be immediately reflected in lithium battery prices, and prices of other raw materials are still falling, TrendForce said.

Wuling is considering offering a range-extender option for the Baojun Yep, which would provide the mini EV with the ability to get an extra 80 kilometers of range by refueling.

Wait times for both the Nio ES7 and ET7 have gone from about 3 weeks to 3-4 weeks.

China will further stabilize market expectations, optimize the consumption environment, and release the consumption potential of NEVs to a greater extent, the meeting also mentioned.