NIO now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles.
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NIO vehicles had 3,141 insurance registrations in the first week of December, 2,982 in the second week and 3,464 in the third week.
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.
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.
Audi will build EVs at all of its global plants before 2030 ahead of a planned phase-out of internal-combustion models, the automaker said Thursday in a press release. The automaker will introduce only all-electric models globally beginning in 2026, and aims to phase out production of internal-combustion vehicles by 2033, but prior to that EVs and...
The Hyper GT will make its debut at the Guangzhou auto show on December 30 and could be priced at around RMB 300,000 ($43,110).
Baidu's self-driving unit Apollo plans to put 200 fully driverless vehicles into operation in China in 2023 to create the world's largest driverless operations service area.
Tesla now has a cumulative total of more than 1,500 Supercharger stations and more than 700 destination charging stations in the Chinese mainland.