Li Auto (NASDAQ: LI) has shared last week's sales for the major new car makers in China, showcasing how it and its major peers fared.
With 6,500 units sold in the week of June 26 to July 2, Li Auto continues to top the sales list of China's new car-making brands, the company said today on Weibo.
Li Auto did not explain on what basis that weekly sales were tallied, but apparently, they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
The latest figures mean that Li Auto's sales last week were down 13.33 percent from the previous week's 7,500 units. The first five days of last week were for June and the last two days were for July.
In June, Li Auto surpassed 30,000 monthly deliveries for the first time, making it the fifth luxury brand to do so, after Mercedes-Benz, BMW, Audi and Tesla, and the only Chinese luxury brand among them, it said.
In July, Li Auto will challenge higher sales targets to become the luxury car brand of choice for more families, the company said today.
Li Auto released figures on July 1 showing it delivered a record 32,575 vehicles in June, the first time it surpassed the 30,000 mark.
In the second quarter, Li Auto delivered 86,533 vehicles, up 201.65 percent year-on-year and up 64.56 percent from the first quarter, exceeding the upper end of the 76,000-81,000-unit guidance range it previously provided.
In the first half of the year, Li Auto delivered 139,117 vehicles, up 130.31 percent year-on-year, surpassing last year's full-year deliveries of 133,246.
Li Auto's three models currently on sale -- Li L7, Li L8 and Li L9 -- are extended-range electric vehicles (EREVs), essentially plug-in hybrids that can be refueled.
Nio (NYSE: Nio) sold 4,100 units last week, second only to Li Auto among China's new car-making brands. This was up 28.13 percent from 3,200 units the previous week.
Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year.
The deliveries included 6,383 SUVs, and 4,324 sedans, Nio said, without disclosing figures for specific models.
In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from a year ago and down 24.23 percent from the first quarter. The deliveries were slightly above the lower end of the guidance range it provided on June 9 of 23,000 to 25,000 vehicles.
In the first half of the year, Nio delivered 54,561 vehicles, up 7.35 percent year-on-year.
Nio's delivery rebound in June was helped by the start of deliveries of several new models, particularly the new ES6.
The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, and its deliveries began that night.
On June 15, Nio launched the ET5 Touring in China, with deliveries starting on June 16.
On June 28, Nio began deliveries in China for the new ES8, the flagship SUV launched on Nio Day 2022 on December 24, 2022.
All of Nio's current models are battery electric vehicles (BEVs).
Tesla (NASDAQ: TSLA) sold 17,400 units last week, ranking fourth among premium brands, according to a table shared by Li Auto. This was up 4.19 percent from 16,700 units the previous week.
On June 16, Tesla announced an insurance subsidy of RMB 8,000 ($1,110) for Chinese customers who purchase a rear-wheel drive version of the Model 3 already produced and complete delivery by June 30.
The wait times for all three available versions of the Model Y in China became slightly longer on June 30.
The top-selling premium brands in China last week continued to be German luxury brands BMW, Audi and Mercedes-Benz with 20,800, 20,500 and 19,600 respectively.
Li Auto was No. 6 in premium brand sales, behind Cadillac. Nio was No. 9, behind Volvo and Lexus.
Xpeng (NYSE: XPEV) sold 2,700 units last week, up 3.85 percent from 2,600 the previous week.
Xpeng delivered 8,620 vehicles in June, up 14.84 percent from May and its fifth consecutive month of growth, despite a 43.64 percent decline from a year ago.
The company delivered 23,205 vehicles in the second quarter, above the upper limit of its previous guidance of 21,000 to 22,000 vehicles.
In the first half of the year, Xpeng delivered 41,435 vehicles, down 39.93 percent from 68,983 vehicles in the same period last year.
Xpeng launched its new SUV, the G6, in China on June 29, and deliveries will begin in July.
($1 = RMB 7.2181)