Phate Zhang

It's rare for Tesla to shorten the expected delivery dates for all models at once. The popular Model Y entry-level version now has a wait time of about 2 months.

Pressure from the supply chain has eased recently, and prices of core components including chips have fallen, but not by much, said Nio's William Li.

Nio was not allowed to turn on the air conditioning at one of its Nio houses in Chengdu because of a power crunch, while BYD's battery factory in Chongqing suffered a brief power outage.

Evergrande NEV's plant in Tianjin will halt production from August 18 due to a shortage of materials, according to local media.

Li Auto's management could achieve its goal of transitioning from EREV to BEV, but the road ahead could get much rockier, said Edison Yu's team.

Xiaomi Auto's first car will offer two spec options, with the lower model using BYD batteries and the higher model using CATL's batteries, according to local media.

A large number of semiconductor makers, including SK Hynix and NXP Semiconductors, have factories in Chongqing, and power shortages could have an impact on semiconductor supplies.

BYD has both the spirit of science and craftsmanship and if the two are combined, it can become an ace, said Chinese Premier Li Keqiang.

Nio ranked third, behind ByteDance and Meituan, and ahead of Tencent.

Fast charging is great, but battery swap stations are still more competitive, Nio vice president Shen Fei said.