Phate Zhang

Nio must tap potential from within, inefficient projects will be fully optimized, and employees need to be more agile, Li said.

Nio's workload will increase a lot in 2023, but there will only be a small increase in resource investment, and inefficient projects will be optimized.

Steady-state monthly sales of the Li L9 are expected to be in the 8,000 to 10,000 range, and both the Li L7 and Li L8 are expected to be in the 10,000 to 15,000 range, a Li Auto executive said.

Nio delivered 15,815 vehicles in December, of which 7,594 were ET5s, contributing 48 percent.

For the five weeks in December, November 28 to January 1, Tesla vehicles had 48,154 insurance registrations in China.

The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.

Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.

GeForce NOW will enable occupants of these vehicles to stream games while parked or charging their NEVs, BYD said.

After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.

"The short is answer is yes but we share investor frustration following the guidance cut last week," Edison Yu's team wrote.