Phate Zhang

Deutsche Bank analyst Edison Yu's team expects sales of EVs to fall across the board in April and may also be affected in May, leading to a broad downward revision of second-quarter volumes.

Due to the price hikes, NEV orders before the price hikes performed well, with ample orders overall, the CPCA said.

Production at Giga Shanghai was suspended for two days on March 16 and 17 due to Covid controls, and has been suspended again since March 28.

Nio said on Saturday that it has suspended production as Covid has caused partners in its supply chain to shut down production.

BYD officially launched the Han DM-i, Han DM-p, Han EV Founding Edition and Han EV Green Edition on Sunday.

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.