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.
In terms of retail sales, China's NEV penetration rate is expected to be about 31.8 percent in December, lower than the 32.3 percent in November.
The HiPhi Z coupe has a starting price of RMB 610,000, with the first production cars rolling off the production line on December 20.
IM Motors LS7, a mid-to-large-size SUV with a pre-sale price range of RMB 350,000 ($50,260) to 500,000, will officially go on sale in February.
Buick is about to launch the Electra E5, the brand's first big five-seat SUV based on GM's Ultium platform.
Just a month ago, Mercedes-Benz lowered the prices of all three versions of the EQE by about RMB 50,000.
Voyah's first sedan, while not as battery swap-enabled as the NIO ET7, offers similar selling points to NIO's model, including semi-solid-state batteries and battery leasing.
By 2025, Dongfeng's IGBT and SiC projects could produce about 1.2 million power modules per year, it said.
Lucid's website has opened up 14 jobs in China, all of them based in Shanghai, in areas including hardware engineering, supply chain and retail.