Phate Zhang

CATL is very cautious when it comes to prices in order to maintain a healthy industry, but prices have risen too quickly this year, an executive said.

China plans to hold a symposium with the country's big tech companies to show them that the regulatory storm will end to support the economy, according to multiple reports.

Didi has entered the Robotruck space, with the project forming a team about 1.5 years ago, according to local media.

CATL's operating costs rose 199 percent year-on-year to RMB 41.6 billion in the first quarter due to rapidly rising upstream raw material prices.

Xpeng delivered 34,561 vehicles in the first quarter, up 159 percent year-on-year and above the upper end of the guidance range of 33,500 to 34,000 vehicles.

The ET5, set to begin deliveries in September, is being produced at Nio's second production facility in NeoPark.

Up to now, the cumulative sales of the Tang family of models have exceeded 320,000 units.

The Chinese government is discussing with US regulators the logistics of allowing on-site audit inspections of Chinese companies listed in New York, according to Bloomberg.

This comes less than a month after Tesla last recalled 127,785 Model 3 vehicles in China.

At press time, Nio was up 6.96 percent in Hong Kong, Xpeng was up 5.61 percent and Li Auto was up 7.08 percent.