Major electric vehicle (EV) makers continued to see a decline in insurance registrations in China last week, as the weakness from the beginning of the month persisted.
During the week of July 7-13 -- week 28 of 2025 -- Nio (NYSE: NIO) brand vehicles had 2,410 insurance registrations in China, a decrease of 3.60 percent from the previous week's 2,500 units, according to figures shared today on Weibo by several automotive industry observers.
Nio's sub-brand Onvo saw insurance registrations of 1,140 units last week, a decrease of 12.98 percent from the previous week's 1,310 units.
Nio's other sub-brand Firefly saw insurance registrations of 550 units last week, a decrease of 57.69 percent from the previous week's 1,300 units.
Nio Inc, including the Nio, Onvo, and Firefly brands, had 4,100 insurance registrations in China last week, a decrease of 19.77 percent from the previous week's 5,110.
Nio Inc delivered 24,925 vehicles in June, marking a new high for this year and the second-highest on record. This represents a year-on-year increase of 17.52 percent and a month-on-month increase of 7.29 percent.
Onvo delivered 6,400 vehicles in June, up 1.89 percent from May. Firefly delivered 3,932 vehicles, up 6.85 percent from May.
Onvo began pre-sales of its flagship large SUV (sport utility vehicle) L90 on July 10, with the official launch scheduled for the end of this month.
Tesla (NASDAQ: TSLA) registered 12,270 vehicles for insurance in China last week, up 144.91 percent from 5,010 the previous week, making it one of the few to see sequentially growth.
The Model Y crossover had 9,410 insurance registrations last week, while the Model 3 sedan had 2,850.
The US EV maker has a factory in Shanghai producing the Model 3 and Model Y, which are delivered to domestic customers and also serve as an export hub.
Tesla China sold 71,599 vehicles in June, including those sold in China and exported to overseas markets, according to data from the China Passenger Car Association (CPCA).
This represents a 0.83 percent increase from the 71,007 vehicles sold in the same period last year and a 16.12 percent increase from the 61,662 vehicles sold in May.
The US EV maker's retail sales in China in June reached 61,484 units, the second-highest figure of the year, trailing only March's 74,127 units.
Its Shanghai factory exported 10,115 vehicles in June, a decrease of 13.89 percent from the 11,746 units exported in the same period last year and a decrease of 56.16 percent from the 23,074 units exported in May.
Tesla made minor upgrades to the long-range versions of the Model 3 and Model Y in China on July 1, with the former seeing a price increase while the latter remained unchanged.
Xpeng (NYSE: XPEV) had 5,820 insurance registrations last week, a decrease of 9.77 percent from the previous week's 6,450 units.
The company delivered 34,611 vehicles in June, marking eight consecutive months of deliveries exceeding 30,000 units. This represents a year-on-year increase of 224.44 percent and a month-on-month increase of 3.24 percent.
Li Auto (NASDAQ: LI) had 7,330 insurance registrations last week, an increase of 2.37 percent from the previous week's 7,160 units.
It delivered 36,279 vehicles in June, a year-on-year decrease of 24.06 percent and a month-on-month decrease of 11.20 percent.
BYD (HKG: 1211, OTCMKTS: BYDDY) brand vehicles had an insurance registration volume of 48,780 units last week, a decrease of 12.22 percent from the previous week's 55,570 units.
The BYD Group sold 382,585 new energy vehicles (NEVs) in June, the highest figure so far this year.
This represents a year-on-year increase of 11.98 percent, but only a 0.03 percent increase from May, marking the third consecutive month with a month-on-month growth rate below 1 percent, according to data compiled by CnEVPost.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 6,680 insurance registrations last week, up 36.61 percent from the previous week's 4,890 units.
Xiaomi's EV unit, Xiaomi EV, delivered over 25,000 units in June, as announced earlier this month.
On June 26, Xiaomi officially launched the YU7, its first electric SUV (sport utility vehicle), positioning it as a competitor to the Tesla Model Y.
The YU7 received 200,000 firm orders within the first three minutes of sales and over 240,000 locked-in orders within 18 hours, as previously announced by Xiaomi.
On July 6, Xiaomi EV began delivering the YU7.
Xiaomi SU7 had 5,820 insurance registrations last week, while the YU7 had 860.
The Zeekr (NYSE: ZK) brand had 3,100 insurance registrations last week, a 4.02 percent decrease from the previous week's 3,230.
Zeekr Group delivered 43,012 vehicles in June, a decrease of 7.58 percent from 46,538 in May, ending three consecutive months of sequential growth.
The Zeekr brand delivered 16,702 vehicles in June, a year-on-year decrease of 16.93 percent and a month-on-month decrease of 11.67 percent.
Lynk & Co delivered 26,310 vehicles in June, up 7.66 percent year-on-year but down 4.78 percent from May.
Leapmotor (HKG: 9863) had 8,560 insurance registrations last week, a decrease of 8.84 percent from the previous week's 9,390.
It delivered 48,006 vehicles in June, marking the second consecutive month of record-high deliveries.
This represents a 138.65 percent increase from the 20,116 units delivered in the same period last year and a 6.52 percent increase from the 45,067 units delivered in May.
Aito -- the brand co-developed by Huawei and Seres Group -- saw 8,610 insurance registrations last week, a decrease of 8.40 percent from the previous week's 9,400.
