Phate Zhang

Post-subsidy prices for all versions of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) effective March 23.

BYD expects to sell more than 30,000 units of the Han series in a single month, a previous meeting minutes show.

Ningde, Fujian province, where CATL is headquartered, has seen new cases of Covid, but the company has ensured that its base in the city is in production.

Nio originally intended to bear the cost pressure itself, but was forced to raise prices under the new impact of the Covid outbreak, said William Li.

Tesla's Giga Shanghai has been unable to get parts to keep its production line running since late last month because of a lack of special passes for truck drivers amid Shanghai's lockdown.

William Li is currently in Shanghai and like many others is facing a tight supply of necessities, allegedly trading green onions for salt with someone in a WeChat group.

Nio said the company has also suspended production as Covid caused its supply chain partners to shut down production.

In addition to Macau in Australia, BYD is launching the model in Singapore in the second quarter of 2022.

SAIC sold 443,045 units of all vehicles in March, with NEV sales contributing 16.8 percent.

This represents a 55 percent increase over the 9,200 units sold in the same month last year and a 39 percent increase over the 10,251 units sold in February.