Phate Zhang

The Li L9 and Li L8 were fast-tracking their capacity climb, and Li Auto is on track to exceed 20,000 deliveries in December, an executive said.

Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.

Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.

Consumers who order the ET5 now can expect to have it delivered around the beginning of March next year.

It's not an established practice to shut down operations for an extended period of time during the Chinese New Year.

The change is another sign that Zhu is fading from Tesla's China operations, local media report says.

Nio now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles.

Nio vehicles registered 2,690 insurance units in the fourth week of December, including 1,273 ET5s, 595 ES7s, 439 ES6s, 213 ET7s, 89 ES8s and 81 EC6s.

Major automakers including BYD, Tesla, Nio, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.

This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.