Phate Zhang

Li Auto's delivery guidance for the first quarter is 52,000 to 55,000 vehicles, and the latest figures mean it is on track to deliver between 20,239 and 23,239 vehicles in March.

The Model Y SUVs produced by Giga Shanghai since January 1 are equipped with an updated suspension system for improved comfort.

Deliveries of the Denza D9 EV began last week, with an executive saying at the time that the Denza received more than 10,000 new orders in February.

The Nio ET5 contributed 53 percent of the volume with 1,786 insurance registrations last week.

The first product of the F brand will be launched within the year and will focus on the off-road segment, according to local media.

If Li Auto maintains the current level of demand for the second half of the year, there would be upside to consensus estimates, according to Edison Yu's team.

Nio's battery team has been boosted to 1,000 people and is developing its own lithium manganese iron phosphate (LMFP) and 46 series ternary batteries, according to local media.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles, meaning it expects to deliver a total of 36,859 to 39,859 vehicles in February and March.

Lithium miners in Yichun, nicknamed the "lithium capital of Asia," are being suspended for production violations that analysts expect will affect 13 percent of the global lithium supply if production is halted for a month.

Seres and Huawei will jointly launch a new vehicle platform, the first flagship model of which is scheduled for release in 2023.