News Snapshot:
June 2 (Reuters) - 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 (2015.HK) reported a May sales gain of 166% from a year earlier to 11,496 vehicles on Wednesday. Xpeng Inc (9868.HK) posted a gain of 78% with 10,125 deliveries. Nio Inc (9866.HK) delivered 7,024 EVs, up 5% from a year earlier. All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key...
