Li Auto had 11,900 insurance registrations last week, Xpeng 9,400, Zeekr 6,200, Leapmotor 9,200 and Aito 7,700.
Major electric vehicle (EV) makers saw insurance registrations rise in China last week as deliveries are typically higher at the end of the month.
For the week of November 25 to December 1, Nio (NYSE: NIO) branded vehicles saw 4,100 insurance registrations in China, up 2.50 percent from 4,000 in the previous week, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance registrations earlier this year, and after about a year of doing so. It resumed sharing those numbers in the form of weekly rankings in early May.
The numbers Li Auto shared are by brands, which in Nio's case excludes sales of sub-brand Onvo.
Onvo failed to make the list shared by Li Auto as before, but according to figures shared by several car bloggers on Weibo, the Nio sub-brand had around 1,760 insurance registrations last week, up 34.35 percent from 1,310 the week before.
Onvo launched its first model, the L60, on September 19, with deliveries beginning on September 28.
Nio Inc delivered 20,575 vehicles in November, up 28.92 percent from 15,959 a year earlier, but down 1.91 percent from 20,976 in October, according to figures it announced on December 1.
This is the second consecutive month-on-month decrease in Nio Inc deliveries, albeit the seventh consecutive month above the 20,000 mark.
The Nio main brand delivered 15,493 vehicles in November, down 2.92 percent from 15,959 a year ago and down 6.99 percent from 16,657 in October.
The Onvo sub-brand delivered 5,082 vehicles in November, up 17.67 percent from 4,319 in October.
Nio guided for fourth-quarter vehicle deliveries to be in the range of 72,000 to 75,000 vehicles in its third-quarter earnings report announced on November 20. The November delivery figure means it needs to deliver at least 30,449 vehicles in December to meet the guidance.
The company announced bigger promotions on December 1, including longer NOP+ (Navigate on Pilot Plus) free access for car buyers and better benefits for those opting for the BaaS (battery as a service) program.
Li Auto had 11,900 insurance registrations last week, up 2.59 percent from 11,600 the previous week, according to figures shared by the company.
It delivered 48,740 vehicles in November, up 18.79 percent from 41,030 in the same month last year, but down 5.25 percent from 51,443 in October, marking the second consecutive sequential decline.
Li Auto on October 31 guided for fourth-quarter vehicle deliveries between 160,000 and 170,000 units, implying year-on-year growth of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles delivered in the third quarter.
If Li Auto is to meet the guidance, it will need to deliver at least 59,817 vehicles in December.
Li Auto announced a limited-time 3-year, 0 percent interest financing incentive for all models on November 29, the first local automaker to respond after Tesla (NASDAQ: TSLA) began offering a limited-time discount on the Model Y on November 25.
Xpeng (NYSE: XPEV) had a record 9,400 insurance registrations last week, up 30.56 percent from 7,200 the week before.
The company delivered 30,895 vehicles in November, the first time it has surpassed the 30,000 mark and the third consecutive month of record highs.
This is up 54.16 percent from 20,041 a year ago and up 29.18 percent from 23,917 in October.
The new model Mona M03 continued to deliver more than 10,000 units in November, while the P7+ accumulated more than 7,000 deliveries 23 days after its launch, according to Xpeng.
Xpeng had previously guided for fourth-quarter vehicle deliveries in the range of 87,000 to 91,000 units, up around 44.6 percent to 51.3 percent year-on-year.
The company needs to deliver at least 32,188 vehicles in December to meet that guidance.
Tesla had 18,700 insurance registrations in China last week, the highest in the past two months and up 11.98 percent from 16,700 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 China sold 68,280 vehicles in October, including 27,795 for export, according to the China Passenger Car Association (CPCA).
The US electric vehicle (EV) maker sold 40,485 vehicles in China in October, its lowest since April. Its November sales figures are not yet available.
Tesla announced on November 25 that Chinese customers who order and get delivery of any of the two lower-priced variants of the Model Y between November 25 and December 31 could receive a RMB 10,000 ($1,370) reduction on their final payment.
At the same time, the company in China further extended the five-year, 0 percent interest financing incentive applicable to all variants of the Model 3 and Model Y until December 31. The incentive was originally set to expire on November 30.
BYD (HKG: 1211, OTCMKTS: BYDDY) had 97,800 insurance registrations last week, up 1.98 percent from 95,900 the week before.
The company sold 506,804 new energy vehicles (NEVs) in November, marking the second time it has surpassed the 500,000 mark and the sixth consecutive month of record highs.
This is up 67.87 percent from 301,903 in the same period last year and 0.83 percent from 502,657 in October.
In the January-November period, BYD's NEV sales amounted to 3,757,336 units, up 40.02 percent year-on-year.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had a record 6,300 insurance registrations last week, up 36.96 percent from 4,600 the week before.
It said on December 1 that Xiaomi SU7 deliveries continued to exceed 20,000 units in November, marking the second consecutive month above the 20,000 mark.
Xiaomi EV is confident of reaching its new delivery target of over 130,000 units for the year, it said.
Xiaomi said on November 18 that it reached its target of delivering 100,000 SU7 units in 2024 and announced a new 2024 target of 130,000 units.
Xiaomi's second EV model is scheduled to go on sale in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to a November 21 report in local media outlet Caijing.
Zeekr (NYSE: ZK) saw 6,200 insurance registrations last week, flat from the previous week and still the highest on record.
The company delivered 27,011 vehicles in November, its third consecutive month of record highs.
This is up 106.13 percent from 13,104 vehicles in the same period last year and up 7.83 percent from 25,049 in October.
In the January-November period, Zeekr delivered 194,933 vehicles, an increase of 85.28 percent year-on-year.
The company is targeting full-year deliveries of 230,000 vehicles by 2024, meaning that December deliveries would need to reach 35,067 vehicles to meet that target.
Leapmotor (HKG: 9863) saw insurance registrations of 9,200 vehicles last week, up 1.10 percent from 9,100 the week before.
It delivered 40,169 vehicles in November, marking the first time monthly deliveries have topped the 40,000 mark and the 6th consecutive month of record highs.
This is an increase of 117.04 percent from 18,508 units in the same period last year and up 5.22 percent from 38,177 in October.
From January to November, Leapmotor delivered 251,207 vehicles, up 100.11 percent year-on-year and achieved its full-year sales target ahead of schedule.
In 2025, Leapmotor would challenge a 500,000 annual sales target, the company said on December 1, repeating a previously mentioned goal.
Aito -- a brand jointly created by Huawei and Seres Group -- had 7,700 insurance registrations last week, up 2.67 percent from 7,500 the week before.
Data table: China EV insurance registrations in Nov 25-Dec 1
($1 = RMB 7.2888)
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