Update: Updated the Nio figure from 2,974 to 2,963. Subsequent figures posted by the blogger who originally shared the number, as well as figures shared by other analysts, show Nio at 2,963 for the week.
Li Auto registered 4,527 units last week, up from 3,704 units the week before, while Xpeng registered 1,817 units last week, up from 1,551 units the week before.
Sales of new energy vehicles (NEVs) in China picked up significantly last week compared to the previous week, despite the withdrawal of the state purchase subsidy.
In the second week of January, from January 9 to January 15, China's NEV sales, as measured by insurance registrations, were 99,000 units, up 37.51 percent year-on-year and up 28.61 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 437,700 units in the week, down 14.1 percent year-on-year but up 50.47 percent from the previous week.
Among them, sales of conventional internal combustion engine vehicles were 338,600 units in the week, down 22.6 percent year-on-year but up 58.35 percent from the previous week.
BYD (OTCMKTS: BYDDY) and Tesla (NASDAQ: TSLA) remain the top-selling brands of NEVs in China, with 40,420 and 12,654 insurance registrations last week, respectively. In the previous week, they had the number at 35,924 and 2,110 units, respectively.
On November 23, 2022, BYD announced an increase in the official guide prices of Dynasty and Ocean series models, as well as Denza-branded models, ranging from 2,000 yuan to 6,000 yuan ($880), effective January 1, 2023.
By comparison, Tesla lowered the prices of its entire Model 3 and Model Y lineup in China on January 6, its second price cut in China in three months.
Nio (NYSE: NIO) was 2,963 units last week, slightly higher than the previous week's 2,818 units. That includes more than 2,000 ET5 sedans, 328 ES7s, 279 ES6s, 151 ET7s, 67 EC6s and 58 ES8s.
Li Auto (NASDAQ: LI) was 4,527 units last week, up from 3,704 the week before, according to the blogger.
Xpeng (NYSE: XPEV) had 1,817 units last week, up from 1,551 units the week before. This includes over 870 G9s, over 400 P5s, over 300 P7s and 201 G3s.
Earlier today, Xpeng announced that all models except the flagship SUV G9 will have new prices, lower than previously.
Zeekr vehicles registered 1,359 insurance units last week, down from 1,511 the week before. The company's factory will be shut down for more than 20 days starting January 11 to allow for production line upgrades around the Chinese New Year holiday.
Huawei-backed AITO registered 938 insurance units last week, down from 1,143 the previous week. on January 13, AITO announced price cuts on two of its current models, the M5 and M7, becoming the first local car brand to follow Tesla's move.
Neta vehicles registered 420 insurance units last week, up from 238 the week before.
Leapmotor had 237 units last week, up from 80 the week before.
Shanghai saw 15,490 sales of all vehicles last week, of which 4,965 were NEVs, representing a 32 percent share.
Shanghai no longer offers free NEV licenses for plug-in hybrid models starting in 2023, while pure electric models will still receive free license plates.
Beijing sold 8,866 vehicles last week, of which 2,083 were NEVs, representing a 23.5 percent penetration rate.
Chongqing saw 11,449 vehicles sold last week, with 2,663 NEVs, or 23.26 percent. Tianjin sold 5,871 vehicles last week, with 2,317 units of NEVs, or 39.47 percent.
China NEV insurance registrations in 1st week of Jan: BYD 35,924, Tesla 2,110, Nio 2,818
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