Insurance Registrations

Nio sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

Nio's weak performance may be because it is on the eve of multiple product switches, as it will begin deliveries of the new ET7, new ES6, EC7 in May and will begin deliveries of the new ES8 in June.

Starting this week, insurance registration data will no longer be available, with Li Auto's sharing a surprise exception.

In the past five weeks, Nio vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.

Nio is on track to reach its guidance, with 9,199 vehicles registered in the past four weeks.

Last week's insurance registrations for NEVs were 112,650, up 4.53 percent from the previous week.

Tesla vehicles were 17,032, up from 13,266 the previous week. Nio was 2,170 units, down from 3,345 the previous week.

The Nio ET5 had 2,106 insurance registrations last week, the ET7 had 154 and the ES7 had 227.

The Nio ET5 contributed 53 percent of the volume with 1,786 insurance registrations last week.

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.