Deliveries

Deliveries of the new ES6 began in 13 regions on the night of its launch on May 24, although Nio officially announced that deliveries would begin on May 25.

Tesla vehicles registered 10,200 insurance units in China last week, bringing the number to 26,118 for the first three weeks of May.

On May 19, deliveries of the 2023 Nio ET7 began in several cities, including Shanghai, Beijing, Hefei, Nanjing, Hangzhou, Ningbo, Wenzhou, Guangzhou, Shenzhen and Changsha.

Nio's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.

In the increasingly competitive Chinese EV market, EV makers are hoping to capture initial consumer enthusiasm and avoid losing potential orders.

Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.

Including exports, China-made Model 3 and Model Y sales in April were 26,783 and 49,059 vehicles, respectively, according to the CPCA.

Li Auto shared the numbers, saying its sales last week far outpaced those of other local new car-making brands.

China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.