Phate Zhang

Mercedes-Benz notified dealers today that it is raising the official guide prices of its models by RMB 3,000 to RMB 76,000 due to a significant increase in raw material prices and global supply chain shortages.

"This reflects the consistent openness of Chinese regulators to cross-border audit and regulatory cooperation and is in line with relevant international practices," the CSRC said.

NEV price hikes have recently become a common industry phenomenon due to factors including the continued rise in upstream raw material prices, Zeekr said.

BYD beat Panasonic to third place with 11.9 percent market share in January-February, while the latter ranked fourth with 10.8 percent share.

In the first quarter, Voyah delivered 3,693 units. It has delivered a total of 10,484 units since its first delivery in August last year.

GAC Aion announced in February the completion of its plant expansion project, doubling its standard production capacity to 200,000 vehicles per year.

At the end of 2020, Beijing had 400,000 NEVs.

Xpeng delivered 9,183 units of its P7 flagship sedan in March, marking the first time deliveries of the model exceeded 9,000.

Nio's flagship sedan, the ET7, saw 163 deliveries in March. The model's first delivery took place on March 28.

China's vice minister of commerce calls on multinational car companies to seize the opportunity to further expand their investment in China and improve the layout of the supply chain.