Links for Wednesday, November 9, 2022

Inflation rises, while factory gate prices drop
China producer prices turn negative in warning sign for global economy / WSJ (paywall)
“Consumer-price inflation also slowed to a five-month low, a reflection of the economic toll from COVID restrictions and a real-estate slide.”
China factory gate prices contract for first time since 2020 / FT (paywall)
China’s factory gate prices suffer first drop since Dec 2020 as COVID curbs take toll / Reuters
Zero-COVID lingers as China’s factory prices fall for first time in 2 years / SCMP (paywall)

BYD rolls out high-end EVs
BYD launches luxury EV line in challenge to high-end foreign brands / Caixin (paywall)
“The Chinese carmaker joins its peers in efforts to impress wealthy domestic buyers who have long preferred the likes of BMW and Mercedes-Benz.”
Yesterday on The China Project: Can BYD beat Tesla?

XPeng reshuffles staff
XPeng reportedly appoints new CEO assistant as part of restructuring / TechNode
“XPeng Motors has reportedly promoted Li Pengcheng [李鹏程], its head of branding and communication, to assistant to the chief executive, part of a previously announced restructuring that comes as the electric vehicle maker tries to recover from a sales slump.”