Phate Zhang

To date, Zeekr has received nearly 15,000 cumulative orders for home charger installations, it said.

Hengchi 5's scheduled June 22 mass production date has been adjusted to September 20.

At press time, Nio was down 5 percent in Hong Kong, ending a four-day winning streak. Xpeng was down 5.24 percent and Li Auto was down 2.39 percent.

This is the first lithium supply contract BYD has secured after its strategic stake in Shenzhen Chengxin, which is expected to give it a more stable supply of raw material.

The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.

China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.

Eve Energy plans to invest RMB 3 billion ($444 million) in a 10 GWh power battery project in Yunnan.

China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.

Nio has risen for a fourth straight day in Hong Kong, bringing its cumulative gain since May 13 to about 30 percent.

Many readers are already familiar with Nio's business progress, but how is the company managing internally? This article offers a rare glimpse.