Phate Zhang

Tesla is aiming to run two shifts at its Shanghai plant from May 16 to produce 2,600 vehicles a day, according to Reuters.

CATL is in the final stages of reviewing locations for EV battery production in the US, Reuters reported.

At press time, Nio was down 12.41 percent, Xpeng was down 9.4 percent, Li Auto was down 3.61 percent and BYD was down 3.02 percent.

The move is based on the company's confidence in its future growth prospects and to further establish a sound long-term incentive mechanism, Gotion said.

Nio will be listed in Singapore by way of introduction and has received a conditional listing eligibility letter from the local exchange.

Looking at future capacity demand and the company's current capacity profile, it has a capacity gap of no less than 390 GWh by 2025, CATL said.

With the launch of the new BMW i3 and the unveiling of the BMW i7, BMW has presented five purely electric models to Chinese customers.

The Qilin battery has a 13 percent higher energy density than a large cylindrical battery with the same electrochemical system, CATL said.

The inclusion of Chinese companies on the list is a step by the US side to enforce relevant laws and does not mean they will be delisted, the Foreign Ministry said.

Nio said it will continue to comply with Chinese and US laws and regulations, and strive to maintain its listing status on both the NYSE and the HKEX.