Smart and Sustainable Electric Mobility
By the end of 2022, there were 10.45 million battery electric vehicles (BEVs) in China, accounting for 79.78 percent of all NEV ownership.
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On a full-year basis, the reopening of China will have a positive impact on consumer sentiment and should boost vehicle production and sales in the second quarter, said Edison Yu's team.
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Li Auto appears to be competing primarily with the internal combustion engine-powered SUVs of Mercedes-Benz and BMW, and is already clearly ahead in sales.
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NIO vehicles registered 2,818 insurance units in China last week, including 1,794 ET5s.
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