Phate Zhang

To make the futuristic design ready for mass production, Jidu's engineering team solved a number of technical challenges for the molding process, its CEO said.

WeRide and Bosch have signed a strategic partnership agreement to jointly work on smart driving software development.

The battery has 13 percent to 25 percent higher energy density than conventional lithium-ion batteries, and can be fully charged in 20 minutes.

"The trend is already happening," said Ni Jun, CATL's chief manufacturing officer.

Although some companies in Shanghai and surrounding cities are starting to resume production, it will be difficult to return to normal levels by the end of May, the CPCA said.

By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.

Nio plans to build 31 R&D labs for lithium-ion cell and battery pack R&D, and will build one lithium-ion cell pilot production line and one battery pack production line.

Li Auto will build on the LWG platform to develop more environmentally friendly products, the company said.

Nio president said the ES7 launch will be held after the lockdown in Shanghai is lifted.

Xpeng delivered mixed underlying first-quarter results with guidance reflecting lingering challenges from the Covid lockdowns.