News Snapshot:
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 166per cent from a year earlier to 11,496 vehicles on Wednesday. Xpeng Inc posted a gain of 78per cent with 10,125 deliveries. Nio Inc delivered 7,024 EVs, up 5per cent from a year earlier. All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key production hub, ended its...
