Phate Zhang

This represents a 10.37 percent increase over the 59,845 vehicles sold in the same month last year and an 18.38 percent increase over the 55,796 vehicles sold in December.

Deliveries of the new P7 in Europe will begin in June, and deliveries of the G9 are expected to begin in September.

In the package, Nio details the discounts it is offering for models due for a changeover, stock car discounts and cash discounts for NT 2.0 platform models.

Nio's 2022 ES8, ES6 and EC6 models are getting new facelifts and there are still a few show cars and stock vehicles available for sale, it said.

Nio's sales staff said they have never seen such big discounts, but there are not many cars like this available.

BYD's NEV sales ended a 10-month streak of growth, as the Chinese New Year holiday took its toll on sales.

Tesla plans to produce an average of nearly 20,000 vehicles a week at its Shanghai plant in February and March, with monthly production roughly reaching September levels, according to Reuters.

Nio said it delivered 2,190 SUVs and 6,316 sedans in January, without providing a breakdown of specific models.

The month's vehicle deliveries reflected a seasonal slowdown during the Chinese New Year holiday that began in mid-January, Xpeng said.

Li Auto's deliveries in January were down from December due to the negative impact of the Chinese New Year holiday, a seasonal factor.