Phate Zhang

China has always been welcoming visits by business people from various countries, including Mr. Musk, to better understand China and promote mutually beneficial cooperation, the Chinese Foreign Ministry said.

Most of the 500 EVs to be delivered to Blue Bird this year will be filled by BYD, particularly the E6 and T3 models, an executive with the Indonesian company said.

Musk is expected to meet with senior Chinese officials and tour Tesla's Shanghai factory, according to Reuters.

Nio is aiming to add 1,000 battery swap stations this year, and to make up for the lack of capacity, it decided to build a new plant in Hefei to produce them, an executive said.

Xpeng will open up the MPV market to a younger demographic with the X9, said He Xiaopeng, chairman and CEO of the EV maker.

The Baojun Yep is available in two versions, with the pricier one equipped with a smart driving system developed by SAIC-GM-Wuling with drone maker DJI.

The launch of the new ES6 has triggered rare reactions from several of Nio's local counterparts, highlighting the fierce competition in China's EV market.

Deliveries of the new ES6 began in 13 regions on the night of its launch on May 24, although Nio officially announced that deliveries would begin on May 25.

Nio has produced a batch of the new ES6 and deliveries will begin on May 25. Deliveries of customized vehicles will begin in mid-June.

"Xpeng delivered even softer 1Q23 results than we previewed, accompanied by a muted 2Q outlook," Edison Yu's team said.