Phate Zhang

Li Auto's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase.

The management teams of Xpeng's direct sales channel and its authorized dealer channel have been combined to reduce unnecessary competition for interest from within, according to local media.

The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today.

"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics," Edison Yu's team said.

Tesla vehicles were 17,032, up from 13,266 the previous week. Nio was 2,170 units, down from 3,345 the previous week.

Nio delivered 12,157 vehicles in February, including 6,471 ET5s, 649 ET7s and 2,848 ES6s.

A BYD spokesperson, responding to CnEVPost's request for comment, said the information was untrue and not in line with the actual situation.

The initial order will include the BYD Atto 3, which will be available under the so-called Salary Sacrifice program.

Analysts believe the impact of the transition will not last long and will have less of an impact than the last switch in standards in 2019.

The Nio ET7 delivered around 3,000 units per month for most of the second half of 2022, but only 521 and 649 units were delivered in January and February of this year, respectively.