Phate Zhang

Nio delivered 15,815 vehicles in December, of which 7,594 were ET5s, contributing 48 percent.

For the five weeks in December, November 28 to January 1, Tesla vehicles had 48,154 insurance registrations in China.

The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.

Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.

GeForce NOW will enable occupants of these vehicles to stream games while parked or charging their NEVs, BYD said.

After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.

"The short is answer is yes but we share investor frustration following the guidance cut last week," Edison Yu's team wrote.

"I am very confident that in the near future, China supply chain and the auto industry will return to normal," Li said.

The ES6 is Nio's least expensive SUV and contributed 46 percent of the company's sales from January-August 2022.

Li Auto showed strong execution and sequential growth, while Zeekr's sales performance was the biggest positive surprise of last year, said Edison Yu's team.