Phate Zhang

In February, the CPCA forecast that wholesale sales of new energy vehicles in China would reach 2 million units this year. In April, it raised that forecast to 2.2 million units.

Companies with retail sales exceeding 10,000 units in May were SAIC-GM-Wuling with 33,175 units, BYD with 31,908 units, Tesla China with 21,936 units and GAC Aion with 10,395 units, the CPCA said.

Tesla China's retail sales in May reached 21,936 units, the CPCA said, adding that Tesla China exported 11,527 vehicles in May.

Nio unveiled the ET7 sedan at the beginning of the year but never revealed the model's pre-order volume or sales target. Now, a document has revealed its sales target.

Apple requires potential battery suppliers to have a production base in the US, the report said, adding that CATL is reluctant to build a plant in the US because of tensions between China and the US.

Rumors began to emerge in late April that Chinese smartphone giant OPPO would jump on the car-making bandwagon, and now the company's actions seem to be confirming those reports.

The change delayed Nio's average delivery time by four days. Excluding invoicing, Nio would have basically been able to go from order receipt to delivery in a little more than two weeks in May.

Nio announced plans to enter overseas markets a month ago, with Norway as the first stop. In the view of Deutsche Bank analyst Edison Yu's team, investors are currently underestimating Nio's potential in this aspect.

BYD sold 31,681 new energy passenger vehicles in May, including 18,711 pure electric vehicles and 12,970 plug-in hybrids.

CALB, the fourth-largest power battery maker in China, plans to make an initial public offering (IPO) next year, jiemian.com reported Monday, without giving further details.