Phate Zhang

Xpeng is Zvision's sixth-largest shareholder with a 5.77356 percent stake. Baidu is the ninth-largest shareholder with a 5.00001 percent stake.

The project, which includes the entire production process from paste preparation to the battery pack, is expected to be completed by the end of this year.

WM Motor did not release delivery figures for most months last year, and this January's deliveries are so far unknown.

Tesla extended delivery dates for some of its models in China last week, and the recent spike in nickel prices has put all EV makers at risk of increased costs.

Nio will continue to make innovations in technologies, bring superior products and experiences to its users, and create long-term value for investors, said William Li.

The Nio ET7 is a luxury sedan that will compete with the BMW 5 Series and Mercedes-Benz E-Class models, but if users want to have fun driving, it delivers.

In 2021, SAIC-GM-Wuling sold 452,238 electric vehicles.

With a price range of RMB 450,000 ($71,200) - 500,000, the Li Auto L9 will offer plenty of innovation in voice interaction and in-car screen interaction.

CICC believes that a nickel price increase from $20,000 to $50,000 per ton would increase the cost of an EV with a 60-kWh battery pack by about $1,580.

Ora stopped taking orders for its lower-priced Black Cat and White Cat models in mid-February, saying they were causing losses for the company.