In terms of insurance registrations, China's new energy vehicle (NEV) sales continued to improve in the third week of November compared to the previous week, with electric vehicle (EV) makers seeing steady performance.
From November 14-November 20, China's new energy passenger vehicle sales were 130,000 units, up 64.4 percent year-on-year and 8.2 percent from the previous week, according to insurance registrations data shared by auto blogger @朱玉龙-YL on Weibo today.
Sales of all passenger cars in China were 400,000 for the week, up 1.7 percent year-on-year and up 12 percent from the previous week.
Sales of conventional internal combustion engine vehicles were 270,000, down 14 percent year-on-year but up 13.9 percent from the previous week, according to the blogger.
NIO was at 3,325 units for the week, up from 3,124 units in the second week and up from 2,852 units in the first week, indicating the company's capacity continued to increase during the month.
Li Auto vehicles registered 3,023 insurance units for the week, slightly lower than the 3,154 units registered in the second week but higher than the 2,224 units registered in the first week.
XPeng was 1,173 units for the week, slightly higher than the 1,107 units in the second week and the 1,115 units in the first week.
Huawei-backed AITO was 2,692 units, down from 3,266 units in the second week, but up from 2,473 units in the first week.
Neta was 2,344 units, up from 2,144 in the second week and 1,896 in the first week.
Zeekr was 2,669 units, up from 1,841 units in the second week and 2,308 units in the first week.
It is worth noting that for most EV makers, monthly insurance registrations are usually slightly lower than the published delivery figures, due to the time lag they have.
For example, in October, NIO vehicles had 9,806 insurance registrations and 10,059 deliveries, while Neta vehicles had 9,832 insurance registrations and 18,016 deliveries in October.
In addition, the closer to the end of the month, the more pronounced the pulse effect of vehicle sales becomes.