CnEVPost Newsletter: NIO suspends production, announces price hike plan
NIO suspends production as Covid hits its supply chain - CnEVPost — cnevpost.com NIO said the company has also suspended production as Covid caused its supply chain partners to shut down production.
NIO saw parts supply disruptions in mid-March and inventory kept production going until last week - CnEVPost William Li is currently in Shanghai and like many others is facing a tight supply of necessities, allegedly trading green onions for salt with someone in a WeChat group.
NIO to hike prices on May 10, including vehicle prices and battery rental fees - CnEVPost NIO originally intended to bear the cost pressure itself, but was forced to raise prices under the new impact of the Covid outbreak, said William Li.
Tesla lobbies in China to ease truck movement, report says - CnEVPost Tesla's Giga Shanghai has been unable to get parts to keep its production line running since late last month because of a lack of special passes for truck drivers amid Shanghai's lockdown.
BYD officially launches new variants of Han sedan, prices start at around $33,900 - CnEVPost BYD expects to sell more than 30,000 units of the Han series in a single month, a previous meeting minutes show.
CATL's Ningde site maintains production as local Covid controls tighten - CnEVPost Ningde, Fujian province, where CATL is headquartered, has seen new cases of Covid, but the company has ensured that its base in the city is in production.
Great Wall Motor's Ora brand sells 14,264 vehicles in March, up 9% year-on-year - CnEVPost Post-subsidy prices for all versions of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) effective March 23.