Insurance registrations for Tesla (NASDAQ: TSLA) vehicles in China slipped last week, Nio (NYSE: NIO) saw a significant gain, and Li Auto (NASDAQ: LI) stayed basically flat.
For the week of July 17 to July 23, Li Auto sold 7,800 units, slightly higher than the previous week's 7,700, according to data the company posted on Weibo today.
As of July 23, Li Auto had accumulated 24,600 vehicle sales so far this month, it said.
Li Auto didn't explain on what basis that weekly sales were counted, but apparently they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
The three models Li Auto currently sells -- the Li L7, Li L8, and Li L9 -- are extended-range electric vehicles (EREVs), essentially plug-in hybrids that can be refueled. The company's weekly sales are limited by capacity.
Capacity at Li Auto's plant in Changzhou, Jiangsu province, climbed to 8,000 units per week for the first time in the week ended July 16, its founder, chairman, and CEO Li Xiang said on Weibo last week.
The company's deliveries should stabilize at 8,000 units per week, depending on production volume, Li said at the time.
The capacity bottleneck of 8,000 units per week still exists and the company's deliveries are dependent on production volumes, Li said today in a retweet of the Weibo post in which Li Auto released last week's figures.
In the first three weeks of the month, nearly 600 of Li Auto's vehicles were exported by private individuals, which are not included in China's insurance registrations figures, he said.
Nio (NYSE: NIO) sold 4,700 units last week, up 20.51 percent from 3,900 units the week before, according to data shared by Li Auto.
As of July 23, Nio sold 12,700 vehicles during the month.
Nio has intensively started deliveries of several new models over the past few months. It launched the new ES6, based on the NT 2.0 platform, in China on May 24, and its deliveries began the same night.
On June 15, Nio launched the ET5 Touring in China, with deliveries starting on June 16.
On June 28, Nio began deliveries of the new ES8, the flagship SUV launched on Nio Day 2022 on December 24.
Xpeng (NYSE: XPEV) sold 2,600 units last week, up 23.81 percent from 2,100 units the week before. As of July 23, Xpeng sold 6,100 vehicles for the month.
Xpeng officially launched its new SUV, the G6, in China on June 29, with deliveries beginning on July 10.
Monthly sales of the G6 are targeted to be at least 10,000 units, said He Xiaopeng, Xpeng's chairman and CEO, in an interview with local media after the June 29 G6 launch.
Tesla sold 7,700 units in China last week, down 23 percent from 10,000 the week before. As of July 23, Tesla sold 20,700 vehicles in China this month.
Tesla has a factory in Shanghai that produces the Model 3 and Model Y, both for deliveries to local customers and as an export center.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, the US EV maker mentioned last August.
Leapmotor sold 2,800 units last week, up 7.69 percent from 2,600 the week before and 8,000 so far this month.
Neta was also at 2,800 units last week, up 86.67 percent from 1,500 the week before and 6,100 so far this month.
Zeekr was at 2,400 units last week, up 4.35 percent from 2,300 in the previous week and 7,500 units so far this month.
Changan's EV arm Deepal sold 3,400 units last week and 8,100 units so far this month.
Denza stood at 2,300 units last week and 7,600 units so far this month.