BMW

With the upcoming launch of the new SUV L9, Li Auto and its supply chain are expected to be the "dark horse" of the year, a team of local analysts previously said.

Nio sold 9,829 units in March, higher than BMW's 3,123 units, Mercedes-Benz's 1,199 units and Audi's 116 units of BEVs in China, according to CATARC data.

BMW, Mercedes-Benz and Audi's NEVs are not selling well in China, even salespeople don't recommend them to customers, and some stores sell only one a month.

The prices of several models, including the BMW 3 Series and X3, have been raised by RMB 1,600 ($250) - 11,000, and some adjustments have been made to the specification information.

The Model Y trailed the Mercedes-Benz GLC, BMW X3 and Audi Q5 in China in January, but sold about twice as many units as each of them in February.

The BMW i4 starts at RMB 449,900 in China, higher than the Nio ET5's RMB 328,000 yuan.

Nio's deliveries of 91,429 vehicles in 2021 are about 90 percent higher than BMW's NEV sales in China.

This means that Nio's vehicle revenue in December was about RMB 4.65 billion and will easily exceed RMB 10 billion in the fourth quarter.

All three models of the BMW iX series are available in China at about double the price of Nio's SUV models.

Nio's average sales price of RMB 413,800 ranked fourth in China, lower than Mercedes-Benz's RMB 481,900, but higher than Lexus' RMB 403,000, and well above the auto industry average transaction price of RMB 179,000.