Deliveries

BYD's figure was higher than the previous week's 31,417 units, Nio's was higher than the previous week's 3,045 units, while Tesla's was lower than the previous week's 6,963 units.

BYD and Nio's numbers were higher than the previous week, while Tesla's were lower than the previous week.

China's auto industry is facing big challenges in the first quarter and still needs policy support, the CAAM said.

Retail sales of new energy passenger vehicles in China were 332,000 units in January, lower than the CPCA's estimate of 360,000 units announced on January 28.

Tesla's deliveries in China in January were down 36 percent from 41,926 vehicles in December.

Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.

This represents a 10.37 percent increase over the 59,845 vehicles sold in the same month last year and an 18.38 percent increase over the 55,796 vehicles sold in December.

Sales of BYD's main budget models fell less because they have accumulated relatively more orders, analysts said.

GAC Aion sales dropped to 10,206 units in January, and its local counterpart, Leapmotor, also saw sales plunge more than 80 percent to 1,139 units.

BYD's NEV sales ended a 10-month streak of growth, as the Chinese New Year holiday took its toll on sales.