EV Industry

Overall passenger car retail sales in April are estimated to be around 1.75 million units, up 14.4 percent year-on-year but down 9.8 percent from the previous month.

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

The Avatr 06 is Avatr's second sedan after the Avatr 12, and the 3rd Avatr model to be offered in both BEV and EREV variants.

Dramatic changes in the external environment, especially additional tariffs that exceeded expectations, have taken a toll on consumer sentiment, the CPCA said.

Onvo and Firefly -- Nio's two sub-brands, Xiaomi EV and BYD Fang Cheng Bao, will be attending the Shanghai auto show for the first time.

China NEV retail sales were lower at the beginning of the month compared to the same period last month, partly due to a public holiday.

March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.

China's passenger NEV retail sales rose 45.0 percent in March from February, ending two consecutive months of sequential declines.

As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent.

China's NEV retail penetration was 52.3 percent in March and 47.67 percent year-to-date.