Deliveries

Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.

The penetration rate of NEVs at retail in October is expected to be around 37.1 percent, up from 36.9 percent in September.

Model 3 retail sales in China were 2,079 units in September, contributing 4.78 percent to Tesla's sales in the country, a new low since October 2021, likely due in part to potential customers waiting for the new Model 3.

Between October 1 and October 22, Li Auto was at 26,800, Nio at 9,500, Xpeng at 9,400 and Tesla at 16,500 units.

The Li L8 has delivered 6,159 units so far this month, data monitored by CnEVPost show.

As of October 15, Li Auto was at 17,800 so far this month, Tesla at 8,400, Nio at 5,100 and Xpeng at 4,600 units.

The Nio ET5 Touring was launched in both China and Europe on June 15, with 11,677 units delivered in China to date.

Tesla launched the updated Model Y in China on October 1, with minor configuration updates and unchanged pricing. Deliveries of the new Model 3 have yet to begin.

The Model 3 contributed 4.78 percent to Tesla's sales in China in September, a new low since October 2021, likely because Chinese customers are waiting for the new Model 3.

For the second month in a row, all three Li Auto models saw over 10,000 monthly deliveries at the same time, with the highest-priced Li L9 setting a record.