Phate Zhang
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Shanghai will start phased resumption of businesses from May 16
Shopping centers, department stores, supermarkets, convenience stores and other commercial outlets will be gradually resuming offline operations in an orderly manner.
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WM Motor delivers 3,309 vehicles in April, down 40% from March
Supply chains across China are in disruption because of the Covid outbreak, and WM Motor's manufacturing sites in Wenzhou and Huanggang have inevitably been affected, it said.
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Bridgewater doubles bets on Nio, Xpeng, Li Auto in Q1
The world's largest hedge fund increased its stake in Nio by more than 70 percent in the first quarter, and doubled its stakes in both Xpeng and Li Auto.
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Further Reading: A panoramic view of China's automotive supply chain
This is the best analysis we have seen of the Chinese automotive supply chain and what impact Covid has had.
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Zeekr further cuts car purchase benefits, blames raw material price hikes
This comes just 13 days after Zeekr last raised the price of a model and cut back on a number of benefits.
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China to issue new policies to boost car consumption in rural areas as soon as this month, report says
A new round of policies to boost auto consumption in rural areas will be released soon, possibly as soon as this month, Cailian reported.
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'Chinese Elon Musk' banned on Weibo
The man, dubbed on the internet as "Yi Long Musk", posted some videos emulating the Tesla CEO and went viral.
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Nio to raise ET7 starting prices by about $1,470 on May 23
Nio announced vehicle price increases last month, but the ET7 and ET5 sedans were excluded at that time.
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CATL signs deal to license CTP technology to Thailand's Arun Plus
Arun Plus and CATL will supply battery products to Horizon Plus, the former's joint venture with Foxconn, and other EV brands.
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Regulatory filing shows exterior and key specs of Nio ES7 ahead of planned unveiling later this month
The Nio ES7 is sized between the ES6 and ES8, according to a regulatory filing that also shows details of the model's exterior, wheels and more.









