Phate Zhang

Li Auto said it has upgraded its Changzhou plant, introducing more advanced production processes and more stringent testing procedures.

The project is expected to further drive suppliers closer to Li Auto, thereby reducing costs and improving supply chain reliability.

Tesla and SAIC hope Sichuan authorities will provide support for power supply to their key parts suppliers in Sichuan to reduce daytime power outages.

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.