Phate Zhang

Compared to the NEV market, China's overall auto market performed worse in April, with sales down 47.1 percent from March.

China is the world's largest market for new cars and electric vehicles and will account for 25 or 30 percent of Tesla's total business in the long run, Musk said.

The Leapmotor C01 is a sedan over 5 meters in length with a pre-sale price range of RMB 180,000 ($26,770) - 270,000.

As of press time, Nio was up 5.29 percent, Xpeng was up 5.79 percent, Li Auto was up 9.88 percent and BYD was up 6.05 percent.

The Glovis Splendor vehicle carrier with 4,767 Tesla vehicles departed from Shanghai's Nangang terminal to the Port of Koper in Slovenia.

Li Auto reported solid Q1 results while Q2 guidance was somewhat soft given uncertainty around the Covid recovery cadence.

The Denza D9 MPV will be available in a pure electric EV version as well as a DM plug-in hybrid version.

The penetration of NEVs in wholesale sales in April was 29.6 percent, up from 25.1 percent in March.

Li Auto's guidance for second quarter deliveries is 21,000-24,000 vehicles, meaning it expects 16,833-19,833 combined deliveries in May and June.

Wholesale sales of Tesla's China-made vehicles fell by 64,302 units, or 97.7 percent, in April compared with 65,814 units in March.