For the week of March 25-31, China's NEV sales were 186,183, up 14 percent from the previous week, with a penetration rate of 43 percent.
Major electric vehicle (EV) makers saw a further rebound in sales in China last week, as month-end deliveries are usually skewed to the upside.
For the week of March 25-31, Nio (NYSE: NIO) vehicles sold 3,550 units in China, according to Deutsche Bank's China passenger vehicle weekly sales monitor.
CnEVPost used figures shared from Yiche in its report last week, and they differed slightly from Deutsche Bank's numbers, but not by much. The automotive outlet had not released new figures as of this writing. Weekly sales are measured in insurance registrations.
For Nio, its sales were up about 18 percent last week from 3,000 the week before, CnEVPost's calculations show.
Nio delivered 11,866 vehicles in March, up 45.92 percent from 8,132 in February, and up 14.34 percent from 10,378 a year earlier, according to figures it released yesterday.
It delivered 30,053 vehicles in the first quarter, hitting recently lowered guidance of about 30,000.
Xpeng (NYSE: XPEV) sold 2,050 vehicles last week, down 18 percent from 2,500 the week before.
The company delivered 9,026 vehicles in March, up 98.6 percent from 4,545 in February and up 28.91 percent from 7,002 in the same month last year, according to data it released yesterday.
The X9 MPV (Multi-Purpose Vehicle), which went on sale on January 1, delivered 3,946 units in March and has accumulated nearly 8,000 deliveries since its launch, according to Xpeng.
During the first quarter, Xpeng delivered 21,821 vehicles, which is within the previously provided guidance range of 21,000-22,500 units.
Li Auto (NASDAQ: LI) sold 7,990 units last week, up 14 percent from 7,000 units the week before.
Prior to last week, Li Auto had been sharing weekly sales numbers every Tuesday for months to demonstrate its leadership among new EV makers.
But the company stopped sharing those numbers after its first battery electric vehicle (BEV), the Li Mega MPV (Multi-Purpose Vehicle), saw poor initial acceptance.
Li Auto delivered 28,984 vehicles in March, up 43.12 percent from 20,251 in February and up 39.19 percent from 20,823 in the same month last year, according to figures it released yesterday.
Li Auto on March 21 lowered its guidance for first-quarter deliveries to 76,000 to 78,000 units from 100,000 to 103,000 units previously, citing lower-than-expected order intake.
In the first quarter, Li Auto delivered 80,400 vehicles, exceeding the upper end of the lowered guidance range of 76,000 to 78,000 units.
Tesla (NASDAQ: TSLA) sold 17,250 units in China last week, up 26 percent from 13,700 the week before.
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.
The EV maker sold 89,064 China-made vehicles in March, including those exported from China to overseas markets, according to data released earlier today by the China Passenger Car Association (CPCA). That's essentially flat from 88,869 a year ago and up 47.54 percent from 60,365 in February.
On March 22, Bloomberg reported that Tesla had reduced production of EVs at its China plant due to sluggish growth in NEV sales and fierce competition in the market.
On April 1, Tesla raised the prices of all three variants of the Model Y by RMB 5,000 yuan ($690) in China, in contrast to price cuts by other EV makers in the price war.
BYD (HKG: 1211, OTCMKTS: BYDDY) sold 66,650 units in China last week, up 13 percent from 58,800 the week before.
BYD sold 302,459 NEVs in March, the second highest ever behind last December's 341,043, according to figures it released yesterday. That's up 147.29 percent from February's 122,311 and up 46.06 percent from 207,080 in the same month last year.
On February 19, the second working day after the Chinese New Year holiday, BYD launched lower-priced Glory Editions for the Qin Plus as well as the Chaser 05, marking the launch of its latest round of major model updates.
To date, BYD has also updated a number of models including the Dolphin, Han, Tang, and Yuan Plus, all of which have seen prices drop.
In the overall market, China's passenger car sales for the week of March 25-31 stood at 428,488 units, up 22 percent from the previous week.
For NEVs, the figure was 186,183, up 14 percent from the previous week, with a penetration rate of 43 percent.
($1 = RMB 7.2360)
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