Weekly Data

China's NEV retail penetration rate stood at 61.3 percent during November 1-23, and 53.28 percent year-to-date.

From November 1-16, China's total passenger vehicle retail sales stood at 886,000 units, down 14 percent compared to the same period last year.

From November 1-9, China's total passenger vehicle retail sales came in at 415,000 units, down 19 percent year-on-year.

Three consecutive weeks of weekly deliveries exceeding 10,000 units propelled Nio Inc's monthly deliveries to a new high.

Year-to-date, China's passenger NEV cumulative retail sales came in at 9.77 million units, up 22 percent year-on-year.

This included over 4,300 units for the Nio main brand, 4,500 units for its sub-brand Onvo, and over 1,500 units for another sub-brand Firefly.

Cumulative passenger NEV retail sales in China this year reached 9.5 million units, a 23 percent increase compared to the same period last year.

The Nio main brand delivered over 4,000 units last week, Onvo over 5,000 units, and Firefly over 1,500 units.

This marks a rare year-on-year decline in China's NEV retail sales, partly due to the impact of a "golden week" holiday.

Major EV makers saw a significant drop in insurance registrations in China last week, primarily due to the impact of the Golden Week holiday.