There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
Huawei burrowed further into the auto industry with the launch of the first vehicle with its homegrown operating system.