Insurance Registrations

Li Auto saw a 13.33 percent decrease in sales last week compared to the previous week, while Nio saw a 28.13 percent increase.

Nio sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.

Nio was 2,000 units last week, higher than the previous week's 1,500 units. From June 1 to June 18 Nio sales were 4,800 units.

From June 1-11, Nio sold 2,800 units, Tesla 26,000, Li Auto 11,900 and Xpeng 2,200.

Nio launched the new ES6 on May 24, though the model is likely still in the process of climbing capacity and not contributing much to sales.

Nio's cumulative sales so far this month were around 5,300 units, with the company launching and starting deliveries of the new ES6 on May 24.

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

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.

Li Auto CEO said they have been complained about by many of their peers, so they are temporarily unable to publish insurance data from last week.

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