Covid
China Jan passenger NEV retail sales expected to fall over 40% from Dec, CPCA says
Auto dealers' sales pace was disrupted in January due to the impact of the Covid infection wave and the early timing of the Chinese New Year, the CPCA said.
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Nio's William Li expects China's auto industry chain to stabilize by March or April
"I am very confident that in the near future, China supply chain and the auto industry will return to normal," Li said.
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Nio lowers guidance for Q4 deliveries, citing challenges from Covid outbreak
Nio now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles.
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How is China's NEV industry faring as Covid wave sweeps country? CICC explains
Major automakers including BYD, Tesla, Nio, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.
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China downgrades Covid control in decisive break with zero-Covid policy
This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.
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BYD facing daily production loss of at least 2,000 units in recent days as some workers infected with Covid
A BYD executive said BYD will sell around 1.88 million units this year, suggesting December sales are expected to be around 247,000 units.
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Xpeng and Li Auto CEOs both test positive for Covid
While contracting Covid is not something to brag about, the CEOs of Xpeng and Li Auto are clearly more excited to see no more Covid disruptions after a short period of suffering.
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EV stocks extend gains as China's zero-Covid policy sees significant easing
At press time, Nio extended gains in Hong Kong to 16.49 percent to HK$81.95, Xpeng rose 9.52 percent to HK$28.75 and Li Auto rose 10,51 percent to HK$71.
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Guangzhou auto show postponed amid Covid concerns
In the meantime, the Tianjin auto show will be held from November 10 to November 15 as planned.
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Covid disruptions cost Nio 7,000 units of production in Oct, report says
Covid disruptions caused Nio to lose about 7,000 units of EV production and about 5,000 units of deliveries, according to Bloomberg.
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