Smart and Sustainable Electric Mobility
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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"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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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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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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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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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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