Phate Zhang

At press time, CATL was down 8.64 percent on volume that hit a single-day high since its 2018 IPO in less than half a trading day.

Hong Kong's market performance followed the overnight advance in US stocks, as the Federal Reserve released dovish signals.

To date, a total of 23 companies have been added to the conclusive list, and another 105 are on the list of companies facing possible delisting.

Seres, Sokon's brand that partners with Huawei, sold 3,439 units in April, up 1,248.63 percent year-on-year.

Tesla outlined how it plans to further expand its factory in Shanghai in a letter sent to local officials, according to Reuters.

Despite the impact of the Covid outbreak on China's auto supply chain, BYD's sales rose across the board in April for all family models.

BYD's performance in April was in stark contrast to China's major new car makers, who all saw a significant drop in sales from March.

Edison Yu's team lowered their price target on Li Auto by $6 to $28, based on 3.0x 2023E EV/Sales, down from 3.5x previously.

At press time, Nio was down 3.4 percent, Xpeng was down 3.45 percent and Li Auto was down 4.96 percent.

More than 600 workers gave up their Labor Day holiday leave to continue working on the NeoPark Phase I (North) project.