Nio continued to outsell its local counterpart Xpeng and Li Auto in the first week of September, as deliveries of its new models began to see a steady rise.
Between August 29 and September 4, Nio vehicles had 2,882 insurance registrations in China, up 71.85 percent from the same period last year and 3.41 percent from the previous week, data shared by auto blogger Zhu Yulong on Weibo on Tuesday showed.
Xpeng Motors vehicles had 1,849 insurance registrations during the period, down 1.54 percent year-on-year and down 21.29 percent from the previous week, according to the data.
Li Auto was 1,554 units, down 12.94 percent year-on-year but up 47.02 percent from the previous week. The company's new SUV Li L9, which began deliveries on August 30, had 724 sales during the period, according to the blogger.
Li Auto officially launched the Li L9 extended-range electric vehicle (EREV) on June 21, and the company's founder, chairman and CEO Li Xiang said on Weibo on June 4 that deliveries of the model in September could to exceed 10,000.
BYD's vehicles registered 33,631 insurance units in the first week of September, up 106.72 percent year-on-year but down 14.55 percent from the previous week.
Tesla was 15,264 units, up 2086 percent year-on-year and 26.08 percent from the previous week.
GAC Aion at 5,091 units, up 56.50 percent year-on-year but down 5.61 percent from the previous week
Neta was 3,803 units, up 23.92 percent year-on-year and up 19.03 percent from the previous week.
Leapmotor was 2,355 units, up 133.63 percent year-on-year and up 20.34 percent from the previous week.
Seres' new energy vehicle (NEV) insurance registrations were 1,817 units, up 841.45 percent year-on-year but down 2.42 percent from the previous week.
Great Wall Motor's Ora brand was 1,612 units, down 48.76 percent year-on-year and down 15.34 percent from the previous week.
For the week of August 29 to September 4, the total number of passenger vehicle insurance registrations in China was 434,375, up 14.86 percent year-on-year but down 4.6 percent from the previous week.
Among them, 119,044 NEVs were registered, an increase of 90 percent year-on-year and a decline of 1.2 percent from the previous week.
The NEV penetration rate for the first week of the month was 27.41 percent, the first time the rate exceeded 27 percent after remaining at 25-26 percent for 12 consecutive weeks, the blogger noted.
It is worth noting that weekly high-frequency data usually fluctuates greatly, especially at the end of the month when the pulse effect is more pronounced in the Chinese auto industry.
Overall, the monthly data is a better indicator, though the weekly numbers are also interesting for those looking to track the sector more closely.
Nio embarking on most important product cycle in its history, says Deutsche Bank
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