From December 1-18, the insurance registration of NIO vehicles in China can be roughly estimated to be around 8,000 units.
In the third week of December, December 12-18, China's new energy vehicle (NEV) sales, as measured by insurance registrations, were 162,000 units, up 57 percent year-on-year and 15.6 percent from the previous week, according to figures shared by auto blogger Zhu Yulong on Weibo today.
Sales of all passenger cars in China were 600,000 that week, up 23.5 percent year-on-year and 29.8 percent from the previous week.
Of those, sales of conventional internal combustion engine vehicles were 437,500 for the week, up 14.4 percent from the previous week.
BYD's figures for the first two weeks of December were 40,243 and 44,817 units, respectively. Tesla had 11,670 and 12,977 units in the first two weeks.
NIO (NYSE: NIO) vehicles had 3,464 insurance registrations for the week, including 1,472 ET5s, 1,033 ES7s, 419 ES6s, 296 ET7s, 133 ES8s and 111 EC6s. The company had 3,141 insurance registrations in the first week of December and 2,982 in the second week.
Considering that three days of the first week fall in November, this means that insurance registrations of NIO vehicles for the month through Sunday can be roughly estimated at about 8,000.
NIO guided for 43,000 to 48,000 deliveries in the fourth quarter when it announced its third-quarter earnings last month. It delivered 10,059 and 14,178 vehicles in October and November, respectively, and the guidance means it would have to deliver at least 18,763 vehicles in December to reach the lower end of the range.
Notably, NIO saw its 300,000th production vehicle roll off the line on December 12. The company's co-founder and president Qin Lihong said at an event that delivery of NIO's 300,000th vehicle is expected to be around January 1.
Given that NIO's cumulative deliveries reached 273,741 units as of November 30, this means that the company's management expected deliveries to reach about 26,000 units in December.
XPeng was 3,257 units in the third week, including 1,200 P5s, 874 P7s, and 775 G9s. It had 1,962 and 2,127 units in the first two weeks of December. The company's vehicle insurance registrations from December 1-18 can be roughly estimated at 6,400 units.
On November 30, XPeng gave guidance of between 20,000 and 21,000 deliveries for the fourth quarter. The company's management said at the time that it expected November deliveries to be no less than 5,800 units, implying that December deliveries were expected to return to a level of around 10,000 units.
XPeng delivered 5,811 vehicles in November, up 14 percent from 5,101 in October, but down 62.8 percent from 15,613 in the same month last year.
With G9 production ramping up under normal operating conditions, December deliveries will increase significantly, XPeng said when it announced November delivery figures on December 1.
Li Auto was at 4,558 units in the third week, compared to 4,228 and 3,013 units in the first two weeks. This means that the company's insurance registrations from December 1-18 can be roughly estimated at 9,700 units.
The company delivered 10,052 and 15,034 units in October and November, respectively, for a total of 25,086 units for the two months. Its guidance of 45,000 to 48,000 deliveries for the fourth quarter implies that the company expects to deliver 19,914 to 22,914 vehicles in December.
Zeekr vehicles had 2,509 insurance registrations in the third week of December, compared to 3,060 and 2,477 in the previous two weeks.
Hozon Auto's Neta brand was 5,001 units for the week, compared to 9,030 and 2,893 units respectively in the previous two weeks.
SAIC-GM-Wuling was 8,925 units in the week, compared with 8,332 and 9,479 units respectively in the previous two weeks.
Changan was 8,680 units in the week, compared to 5,851 and 8,448 units in the previous two weeks.