Phate Zhang

Xpeng has been and is continuing to actively navigate through the Covid situation, which in turn is affecting the overall supply chain in China, it said.

Some of Li Auto's suppliers have completely shut down production, making it impossible to maintain production after existing parts inventories have been absorbed, it said.

In late March and April 2022, Nio's vehicle production and delivery have been impacted by the supply chain volatilities and a new wave of the Covid-19 outbreaks.

The BYD Han is the first locally-branded sedan priced above 200,000 yuan ($30,300) to reach that milestone.

Ford Mustang Mach-E prices in China will be raised by RMB 7,000 yuan - 22,500 yuan ($3,530) on May 5.

Zeekr's only model currently on sale, the Zeekr 001, saw an increase in price or a reduction in the benefits offered to consumers today.

Arcfox originally planned to start raising prices on May 1, but the plan has been postponed to May 16.

Voyah will allow customers to pay to upgrade the cockpit chip in the Voyah FREE to a Qualcomm Snapdragon 8155 chip starting May 1.

CATL is very cautious when it comes to prices in order to maintain a healthy industry, but prices have risen too quickly this year, an executive said.

China plans to hold a symposium with the country's big tech companies to show them that the regulatory storm will end to support the economy, according to multiple reports.