Tesla

Tesla Model 3 delivery wait times in China have seen their first increase in nine months, suggesting that the Shanghai factory may be undergoing some new adjustments.

Tesla's market share in China's NEV market in May was higher than its 3.2 percent in April but lower than the 6.9 percent from the same period last year.

The decline in Model Y retail sales in China in May was partly due to a significant increase in exports.

In the first five months of the year, Tesla's retail sales in the Chinese domestic market totaled 201,926 units, down 7.82 percent year-on-year.

Tesla is offering Chinese customers who purchase its cars through referral program a discount of RMB 8,000 ($1,110) on optional body paint in June.

This marks the eighth consecutive month of year-on-year decline in Tesla China's sales.

Nio's four main models, the Onvo L60, and Tesla's Model 3 and Model Y are included in the list for the first time.

Tesla is equipping its Shanghai Megafactory with a distributed photovoltaic power generation and energy storage system project.

Nio Inc's deliveries in May are expected to be up 31 percent year-on-year and up 13 percent sequentially.

"In China, we see intense competition and Tesla is no longer seen as the technology leader."