Phate Zhang

The Nio ET5 was the ninth best-selling premium sedan in China in November, with the ET7 at No. 8.

Shen has served as president of Li Auto since November 2015. His last day with the company is expected to be around the end of June 2023.

Li Auto's fourth-quarter delivery guidance of 45,000 to 48,000 vehicles means it expects to deliver 19,914 to 22,914 vehicles in December.

China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.

EnBW, Germany's largest fast-charging network operator, has entered into a partnership with Nio, which will build up to 20 battery swap stations at its charging parks.

Honda is expected to purchase 123 GWh of pure electric vehicle power batteries in China from CATL between 2024 and 2030.

In addition to shortening shifts, the onboarding process for some new employees at Tesla's Shanghai plant has been suspended, according to Bloomberg.

From January to November, Tesla delivered 397,844 vehicles in China, up 59.05 percent from 250,141 vehicles in the same period last year.

"We expect a somewhat messy quarter due to accelerated phase-out of the Li ONE materially hurting margins," Deutsche Bank analyst Edison Yu's team said.

Zhu was in Austin this week and brought some of his engineering team from China to help oversee the Giga Texas ramp-up, according to Bloomberg.