Li Auto had 8,000 insurance registrations last week, Xpeng 1,800, Zeekr 3,800, Leapmotor 3,800 and Aito 7,900.
Major electric vehicle (EV) makers' insurance registrations in China slipped last week, as vehicle deliveries were usually slow at the beginning of the month.
For the week of July 1-7, Nio (NYSE: NIO) saw 5,300 insurance registrations of its vehicles in China, down 22.06 percent from 6,800 in the previous week, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance numbers earlier this year, after doing so for about 1 year. In early May, it restarted sharing those numbers.
Nio delivered 21,209 vehicles in June, surpassing May's previous record of 20,544 vehicles for a second consecutive record month.
Nio delivered a record 57,373 vehicles in the second quarter, unexpectedly exceeding the upper end of its guidance range of between 54,000 and 56,000 vehicles.
On July 5, Nio announced the resignation of CFO (chief financial officer) Steven Feng, effective immediately, and that he was replaced by senior vice president of finance Stanley Qu.
Li Auto had 8,000 insurance registrations last week, down 38.46 percent from 13,000 the week before.
The company delivered 47,774 vehicles in June, second only to its record high of 50,353 vehicles in December last year.
In the second quarter, Li Auto delivered 108,581 vehicles, within the guidance range of between 105,000 and 110,000 vehicles.
On July 3, Li Auto launched a limited-time 0 down payment car purchase program with a gift package of up to RMB 7,196 ($990). Its previous RMB 10,000 worth of benefits continued to be available.
Xpeng (NYSE: XPEV) had 1,800 insurance registrations last week, down 41.94 percent from 3,100 in the previous week.
The company delivered 10,668 vehicles in June, up 23.76 percent year-on-year and up 5.14 percent from May.
During the second quarter, Xpeng delivered 30,207 vehicles, within the guidance range of between 29,000 and 32,000 vehicles.
Xpeng gave the first model of its Mona lineup, the M03, its debut on July 3, saying it will be priced at under RMB 200,000 yuan, with an official launch set for August.
Tesla (NASDAQ: TSLA) had 6,500 insurance registrations in China last week, down 53.90 percent from 14,100 the week before.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
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, it previously said.
The US EV maker sold 59,261 vehicles in China in June, down 20.15 percent from 74,212 a year earlier while up 7.33 percent from 55,215 in May.
Tesla China exported 11,746 vehicles in June, a 39.67 percent decrease from 19,468 in the same month last year and a 32.33 percent decrease from 17,358 in May.
On July 4, delivery wait times were shortened to 1-4 weeks for all three variants of the Model 3 and 1-3 weeks for all three variants of the Model Y. Previously they were all 1-6 weeks.
BYD (HKG: 1211, OTCMKTS: BYDDY) vehicles had 58,800 insurance registrations in China last week, down 22.43 percent from 75,800 vehicles the week before.
BYD sold 341,658 new energy vehicles (NEVs) in June, surpassing its previous record of 341,043 vehicles in December 2023.
In the second quarter, BYD sold a record 986,720 NEVs, up 40.25 percent year-on-year and up 57.56 percent from the first quarter.
BYD saw the opening of its Thailand plant on July 4, as well as the 8 millionth NEV roll off the production line.
Xiaomi EV had a record 3,700 insurance registrations last week, up 15.63 percent from 3,200 the week before.
In June 2024, Xiaomi's only current model, the SU7, delivered more than 10,000 units, Xiaomi EV announced on Weibo earlier this month without revealing specific numbers.
In July, Xiaomi SU7 deliveries will still exceed 10,000 units, Xiaomi EV said.
On July 2, Xiaomi EV said it would conduct a new round of production line optimization to boost capacity.
The Xiaomi SU7 delivery ramp-up was progressing well, with the factory having started double-shift production in June, Xiaomi EV said at the time.
Zeekr (NYSE: ZK) had 3,800 insurance registrations last week, down 11.63 percent from 4,300 the week before.
The company delivered a record 20,106 vehicles in June, the first time monthly deliveries exceeded the 20,000 mark.
Zeekr delivered a record 54,811 vehicles in the second quarter, up 100.05 percent from a year earlier and up 65.80 percent from the first quarter.
Leapmotor (HKG: 9863) had insurance registrations of 3,800 vehicles last week, down 20.83 percent from 4,800 the week before.
Leapmotor delivered a record 20,116 vehicles in June, bringing second-quarter deliveries to 53,286 units.
Aito, the brand jointly created by Huawei and Seres Group, saw insurance registrations of 7,900 vehicles last week, down 36.80 percent from 12,500 the week before.
($1 = RMB 7.2715)
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