Vehicle insurance registrations for major electric vehicle (EV) makers rebounded in China last week, as the country's long National Day holiday came to an end.
For the week of October 9 to October 15, Li Auto (NASDAQ: LI) sold 10,500 vehicles, putting the company on track for a new high of over 40,000 for the month, the company said today on Weibo.
As before, Li Auto didn't explain the basis for calculating the weekly sales, but apparently, they were insurance registrations. The company suspended sharing these figures in May, but has since resumed sharing them.
Li Auto's insurance registrations were up 52.17 percent last week compared to 6,900 the week before.
With 17,800 units sold so far this month through October 15, Li Auto continues to lead the pack of new Chinese car makers, the company said.
Insurance registrations for major EV companies in China generally fell in the previous week, from October 2 to October 8, as much of the time was covered by the Golden Week holiday.
Li Auto upgraded its plant in Changzhou, Jiangsu province, in eastern China, during the holiday, with double-shift production on all lines. On October 8, the company said the upgrade had been completed.
Li Auto delivered a record 36,060 vehicles in September, up 212.72 percent year-on-year and up 3.28 percent from August.
Nio (NYSE: NIO) vehicles registered 3,500 insurance registrations in the week of October 9 to October 15, up 169.23 percent from 1,300 in the previous week.
From October 1 to October 15, Nio vehicles had 5,100 insurance registrations in China.
Nio delivered 15,641 vehicles in September, down 19.08 percent from 19,329 in August while up 43.79 percent from 10,878 a year ago.
Xpeng (NYSE: XPEV) stood at 3,200 units last week, up 146.15 percent from 1,300 units in the previous week.
Insurance registrations for Xpeng vehicles from October 1 to October 15 were 4,600 units.
On September 25, Xpeng rolled out the 2024 Xpeng P5, eliminating the LiDAR option and cutting the number of versions to just two.
Xpeng delivered 15,310 vehicles in September, its 8th consecutive increase.
Tesla (NASDAQ: TSLA) was at 7,500 vehicles last week, up 650 percent from 1,000 in the previous week.
Insurance registrations of Tesla vehicles in China from October 1 to October 15 were 8,400 units.
Tesla unveiled the revamped Model 3 in China on September 1, and its deliveries have yet to begin.
Tesla sold 74,073 China-made vehicles in September, including 43,507 sold in China and 30,566 exported, data released earlier this month by the China Passenger Car Association (CPCA) showed.
BYD (OTCMKTS: BYDDY) was at 53,900 units last week, up 4.86 percent from 51,400 units in the previous week.
From October 1 to October 15, 110,500 BYD vehicles were registered for insurance in China.
BYD sold 287,454 NEVs in September, up 42.83 percent year-on-year and up 4.76 percent from August.
BYD's premium brand Denza stood at 2,200 units last week, up 69.23 percent from 1,300 units in the previous week.
Neta was at 3,200 units last week, up 255.56 percent from 900 in the previous week.
Zeekr was 2,300 last week, up 53.33 percent from 1,500 the week before.
Leapmotor was at 3,100 units last week, up 82.35 percent from 1,700 the week before.