Weekly Data

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.

Much of this is likely due to a low base caused by last year's Chinese New Year holiday.

BYD and Nio's numbers were higher than the previous week, while Tesla's were lower than the previous week.

Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.

The Chinese New Year holiday from January 21 to January 27 was a significant impact on car companies' sales activity.

In the second week of January, China's NEV sales, as measured by insurance registrations, were 99,000 units, up 37.51 percent year-on-year and up 28.61 percent from the previous week.

From January 2 to January 8, China NEV insurance registrations were 77,000 units, down from 163,700 units the previous week.

This article compares the weekly insurance registrations of BYD, Tesla, Nio, Xpeng, Li Auto, Zeekr, Volkswagen, BMW, Mercedes-Benz, and Audi's NEVs in China in 2022.