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China EV Startups Say May Sales Up, Post-Lockdown Output Constrained

June 24, 2022
Source: apdirect.in apdirect.in
News Snapshot:
All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key production hub, ended its two month lockdown for most residents on Wednesday. By Reuters | Published: 24-Jun-22 01:16 AM IST 0 Views China's electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from the disruption of COVID-19 lockdowns in Shanghai and other cities. Li Auto Inc reported a May sales gain of 166% from a year earlier to 11,496 vehicles on Wednesday. Xpeng Inc posted a gain of...
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