Phate Zhang

Xpeng CEO said the company expects to see the industrial park bring in 80 to 100 companies from the supply chain in the next 2 to 3 years.

Xpeng's CEO believes that China's EV industry started early and it will take at least 10 more years of hard work to truly lead the world.

In the meantime, BYD's stock traded in Shenzhen is getting closer to its all-time high.

"Whatever you may think of China, this is simply a fact," Musk said.

Nio has an established online sales system, so orders in the Shanghai region have been good, local media quoted the company as saying.

Tesla Giga Shanghai has started double-shift production since May 23, and production has been largely on par with pre-Covid lockdown levels, according to local media.

Starting June 1, businesses in Shanghai will no longer need to apply to the government if they want to resume operations.

The AITO Wenjie M7 is a large six-seater SUV that will begin deliveries at the end of July.

The Nio ET7, ET5, ES8, ES6, EC6, and the all-electric supercar EP9 are all on display at the show.

The latest development means that as of today, Zeekr has delivered 3,615 Zeekr 001 units in May.