AUTOMOTIVE NEWS CHINA

April was the worst month for China's auto market since early 2020 as the country shuttered factories to combat fresh COVID-19 cases, undermining logistics and sapping demand.

First-quarter deliveries and revenue more than doubled but rising raw material outlays, COVID disruptions squeezed Xpeng's profit margins further.

Light-vehicle exports from China slumped abruptly in April, with shipments disrupted by the latest wave of coronavirus outbreaks and Russia’s invasion of Ukraine.

CATL, China’s largest battery maker for electric vehicles, plans to supply EV manufacturers in Thailand by authorizing and licensing technology to a local company.