EV Data

October was the first full month of deliveries for the updated G9 since its launch on September 19, and monthly deliveries were an all-time high for the model.

In the January-October period, BYD was No. 1 with a 36 percent share, Tesla was No. 2 with 7.8 percent and Nio was No. 9 with 2.1 percent.

Excluding exports, China's NEV sales in October were a record 832,000 units, up 2.9 percent from September.

The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.

China's NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September.

Tesla's share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent.

China's passenger NEV penetration at retail stood at 37.7 percent in October, up from 36.9 percent in September.

Nio's insurance registrations were down 8.7 percent last week compared to the previous week, Xpeng was down 18.97 percent and Li Auto was down 14 percent as deliveries are usually slow at the beginning of the month.

China's October wholesale sales of passenger NEVs are expected to be 890,000 units, up 32 percent year-on-year and up 7 percent from September, the CPCA said.

This is another decline in Tesla's China-made vehicle sales after an 11.98 percent sequential drop in September.