Tesla Model Y sales in China last week were 10,800, Li Mega 1,000 and Xpeng X9 at 800 units.
Major electric vehicle (EV) makers saw a further rebound in sales in China last week, with deliveries typically higher as the month moves closer to the end.
For the week of March 18-24, Nio (NYSE: NIO) vehicles sold 3,000 units in China, according to figures shared today by local auto media outlet Yiche.
CnEVPost had previously been using numbers published by Li Auto (NASDAQ: LI), which it has routinely shared since May 2023 on Tuesday afternoons. As of this writing, however, the company has not shared those numbers.
Yiche didn't specify the metrics for counting the volume, though they are apparently insurance registrations. The motoring outlet has also previously been sharing these figures, and they are not far off the numbers shared by Li Auto.
For Nio, its sales were up 36.36 percent last week from 2,200 the week before, CnEVPost's calculations show.
Nio delivered 8,132 vehicles in February, down 33.11 percent year-on-year and down 19.12 percent from January, according to figures it announced on March 1.
Nio guided first quarter vehicle deliveries to be in the range of 31,000 to 33,000 vehicles when it announced its fourth quarter 2023 financial results on March 5.
Considering it delivered 10,055 vehicles in January and 8,132 in February, the guidance means it expects to deliver between 12,813 and 14,813 vehicles in March.
Xpeng (NYSE: XPEV) sold 2,500 units last week, up 13.64 percent from 2,200 units the week before.
Xpeng's X9 MPV (Multi-Purpose Vehicle), which was officially launched on January 1, sold 800 units last week, according to Yiche.
Xpeng delivered 4,545 vehicles in February, down 24.38 percent year-on-year and down 44.91 percent from January.
The company guided for first-quarter deliveries between 21,000 and 22,500 units in its earnings report released on March 19.
Considering it delivered 8,250 units in January and 4,545 units in February, this means Xpeng expects to deliver 8,205-9,705 units in March.
Li Auto sold 7,000 units last week, according to Yiche. That's unchanged from the previous week's figure as announced by the automaker itself.
Li Auto delivered 20,251 vehicles in February, up 21.85 percent year-on-year but down 35 percent from January.
Li Auto reported strong fourth-quarter 2023 earnings on February 26 and guided for first-quarter deliveries to be between 100,000 and 103,000 units.
However, on March 21, Li Auto said it was lowering its first-quarter vehicle delivery guidance to between 76,000 and 78,000 units due to lower-than-expected order intake.
The updated delivery guidance means that Li Auto expects it to deliver between 24,584 and 26,584 vehicles in March, considering it delivered 31,165 and 20,251 vehicles in January and February, respectively.
Li Auto launched its first battery electric vehicle (BEV) model, the Li Mega MPV, on March 1, but it did not perform as well as expected.
The Li Mega sold 1,000 units last week, according to figures shared by Yiche today.
Tesla (NASDAQ: TSLA) sold 13,700 units in China last week, up 11.38 percent from 12,300 in the previous week.
The US EV maker's Model Y crossover sold 10,800 units in China last week, according to Yiche, which didn't mention figures for the Model 3 sedan.
Tesla has a factory in Shanghai that produces the Model 3 and Model Y, and not only delivers to local consumers, but is also an export hub for it.
Tesla sold 60,365 China-made vehicles in February, including 30,141 sold in China and 30,224 exported from the Shanghai plant, according to the China Passenger Car Association (CPCA).
On March 20, local media outlet Cailian cited Tesla China insiders as saying the company would raise prices in China on April 1, with the Model Y's price hiked by RMB 5,000 yuan.
Tesla has not responded to the report, though it looks as if it's aimed at prompting potential customers who are still on the fence to place orders, as it has done previously.
On March 22, Bloomberg reported that Tesla had reduced production of EVs at its China plant due to sluggish sales growth of NEVs and fierce competition in the market.
BYD (HKG: 1211, OTCMKTS: BYDDY) sold 58,800 units in China last week, up 4.44 percent from 56,300 the week before.
BYD sold 122,311 NEVs in February, down 36.84 percent year-on-year and 39.30 percent from January, according to its March 1 Hong Kong Stock Exchange announcement.
On February 19, the second working day after the Chinese New Year holiday, BYD launched lower-priced Glory Editions for the Qin Plus and the Chaser 05, marking the launch of its latest round of major model updates.
Up to now, BYD has also updated a number of models including the Dolphin, Han, Tang, and Yuan Plus, all of which have seen prices drop.
Yesterday, BYD saw its 7 millionth NEV roll off the production line, an updated version of the Denza N7 SUV that will be officially launched on April 1 by its premium brand Denza.
China's NEV retail at 335,000 in Mar 1-17, up 115% from same period last month
