China Auto

The inventory level can support retail sales for the next 49 days, down from 57 days at the end of March, implying an improved inventory status.

Auto dealer inventory factor declined 15.2 percent in April compared to March, signaling a rebound in auto industry outlook.

Wholesale sales of NEVs from May 1-14 were 193,000 units, up 69 percent year-on-year and 13 percent over the same period last month.

This represents a 112.71 percent year-on-year increase, but a 2.6 percent decrease from March.

Wholesale sales of NEVs from May 1-7 were 68,000 units, up 35 percent year-on-year and up 8 percent from the same period last month.

Retail sales of all passenger vehicles in China were 1.63 million units in April, up 55.5 percent year-on-year and up 2.5 percent from March.

The April auto consumption index was higher than March's 72.5, signaling better auto sales in May than in April.

NIO was 2,600 for the week of April 24 to April 30, XPeng was 2,500, Li Auto was 8,100 and Tesla was 11,500.

China Vehicle Inventory Alert (VIA) Index for April was 60.4 percent, implying that auto sales were in contraction territory, but performance improved from March.

That's the same as a year ago and down from 16 in March.