Phate Zhang

This consists of six projects including nickel mine development, ternary battery manufacturing, and battery recycling, five of which are majority-owned by CATL.

If suppliers in Shanghai and neighboring cities can't find a way to dynamically resume production, then probably all automakers in China will have to halt production by May, said He Xiaopeng.

The project will have a construction cycle of 15 months after it starts and is expected to start production in 2023.

Guangdong aims to have a convenient, efficient and moderately advanced charging network system in place by the end of 2025.

Ford unveiled the Mustang Mach-E in China last April and made its first delivery on December 26.

Nio's supply chain is now slightly recovered and the Hefei plant is gradually resuming production, local media quoted an Nio insider as saying.

Ford's Mustang Mach-E is set to see a price hike in China, ranging from 7,000 to 22,500 yuan ($3,530) depending on the model.

To date, Nio has 892 battery swap stations in China, 237 of which are located along highways.

The Warren Buffett-backed Chinese new energy vehicle giant is also in Cathie Wood's holdings.

Nio's production lines are still running on weekdays, albeit on a limited scale, and the halt is limited to weekends, according to Nomura.