Weekly Data
China NEV retail at 483,000 in 1st 4 weeks of May, flat from same period last month
In the first four weeks of May, retail sales of all passenger vehicles in China were 1,392,000 units, up 19 percent year-on-year but down 6 percent from the same period last month, according to the CPCA.
China NEV insurance registrations for week ending May 28: Li Auto 7,100, Xpeng 2,100, Nio 1,600
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.
China NEV retail up 13% MoM to 372,000 in 1st 3 weeks of May, CPCA data show
Retail penetration of NEVs in China was 35.6 percent in the first three weeks of May.
China NEV insurance registrations for week ending May 21: Li Auto 7,100, Xpeng 1,500, Nio 1,400
Tesla vehicles registered 10,200 insurance units in China last week, bringing the number to 26,118 for the first three weeks of May.
China NEV retail up 101% YoY in May 1-14, CPCA data show
As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.
China NEV insurance registrations for week ending May 14: BYD 46,892, Tesla 9,990, Nio 1,200
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.
Insurance registrations for week ending Apr 30: Tesla 11,500, Li Auto 8,100, Nio 2,600
Li Auto shared the numbers, saying its sales last week far outpaced those of other local new car-making brands.
Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, Nio 2,000
Nio sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.
Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, Nio 700
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.
Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, Nio 1,316
Starting this week, insurance registration data will no longer be available, with Li Auto's sharing a surprise exception.