Phate Zhang
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Deutsche Bank on China EV deliveries in May: Recovery getting some traction
Chinese EV makers are expected to see a material improvement in deliveries in June as work and production resume in Shanghai, according to Edison Yu's team.
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BYD buys back RMB 433 million worth of shares traded in China's A-share market today
BYD's Shenzhen-traded shares closed today at RMB 299.98, near the upper limit of the company's planned buyback price.
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GAC Aion sells record 21,056 units in May, up 106% from April
From January to May, GAC Aion sold 76,142 units, up 122 percent from 34,363 units in the same period last year.
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Leapmotor delivers record 10,069 vehicles in May, up 10.8% from April
From January to May, Leapmotor delivered a cumulative total of 40,735 vehicles, up 347.44 percent from 9,104 vehicles in the same period last year.
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Nio puts more focus on European business, co-founder Qin Lihong directly leads
Chen Chen, head of European business development, and general managers of European country companies began reporting to Nio co-founder and president Qin Lihong.
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Nio delivers 7,024 vehicles in May, up 38% from April
Nio said it plans to further ramp up production capacity to a higher level and to accelerate the delivery recovery starting from June.
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Xpeng delivers 10,125 vehicles in May, up 12.5% from April
Xpeng said it has resumed two-shift production at its plant since mid-May and is working to accelerate delivery of the strong backlog of orders.
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Li Auto delivers 11,496 vehicles in May, up 176% from April
Li Auto's parts suppliers in the Yangtze River Delta region have not fully recovered, and it continues to experience challenges with parts supply shortages, the company said.
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Chongqing Sokon sells 10,452 NEVs in May, up 22% from April
Sokon's NEV brand, Seres, sold 5,440 units in May, up 1,616.09 percent year on year.
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Huawei-backed AITO delivers 5,006 units in May, up 54% from April
Since deliveries began in March, the cumulative number of AITO Wenjie M5 deliveries has reached 11,296 units.









