Phate Zhang

BYD has stopped production of fuel vehicles since March 2022, saying it is based on strategic development needs.

In the automotive section, BYD will focus on pure electric and plug-in hybrid vehicle businesses in the future.

Tesla Giga Shanghai produces about 6,000 Model 3 and Model Y vehicles a week, according to Reuters.

Tesla's production in the first quarter was slightly lower than the fourth quarter of last year due to supply chain challenges and plant shutdowns.

The event's organizing committee did not provide a new date, saying only that the exact date will be announced in the future.

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.