Phate Zhang

Model 3 retail sales in China increased 24.53 percent in December compared to November, while Model Y sales decreased 43.94 percent from November.

All models on the list except the ET5 and ET7 are traditional fuel models, with the BMW 3 Series coming in at No. 1 with 18,533 units.

On a full-year basis, the reopening of China will have a positive impact on consumer sentiment and should boost vehicle production and sales in the second quarter, said Edison Yu's team.

Nio vehicles registered 2,818 insurance units in China last week, including 1,794 ET5s.

Traffic and orders at Tesla stores in China's second- and third-tier cities have increased sharply after the price cut, with orders at stores in some cities up 500 percent from December, according to local media.

From January 2 to January 8, China NEV insurance registrations were 77,000 units, down from 163,700 units the previous week.

For the full year 2022, Tesla delivered 439,770 vehicles in China, up 37.11 percent from 320,743 vehicles in 2021.

Chinese consumers don't really have a lot of options when it comes to buying EVs right now, and the country's NEV market is far from a zero-sum game, said Tesla's Grace Tao.

Nio-backed startup Zhixing will build cars based on the NT 3.0 platform, and the first vehicle will be an ultra-high-end off-road SUV priced at the RMB 1 million ($150,000) level, according to local media.

As a beneficiary of the current era and an industry leader, CATL has a responsibility to maintain a good industry ecology, not bully the weak, he said.