BYD

This is the first lithium supply contract BYD has secured after its strategic stake in Shenzhen Chengxin, which is expected to give it a more stable supply of raw material.

Denza announced a few hours after the launch that the D9 MPV received more than 3,000 orders within 30 minutes of the start of pre-sales.

BYD will unveil its CTB (cell to body) battery technology on May 20, and the Seal is expected to be the first model to use the technology.

BYD's share reached 32.2 percent in April, narrowing the gap to 6.1 percentage points from CATL's 38.3 percent share.

The Denza D9 MPV will be available in a pure electric EV version as well as a DM plug-in hybrid version.

An investigation team is already on-site at the plant, and an analyst says a shutdown will inevitably affect production and deliveries.

A BYD plant has been accused by nearby residents of bringing serious air pollution and causing health damage.

BYD has bucked the trend of record high sales under heavy pressure, continuing to validate the advantage of having core components supplied by itself, analysts said.

Despite the impact of the Covid outbreak on China's auto supply chain, BYD's sales rose across the board in April for all family models.

BYD's performance in April was in stark contrast to China's major new car makers, who all saw a significant drop in sales from March.