Weekly Data

Li Auto registered 1,798 units, up from 194 units in the first week of October, and Xpeng Motors registered 1,345 units, up from 580 units in the first week.

NEV insurance registrations by major automakers in China fell in the first week of October due to the National Day holiday.

BYD at 44,960 units, up about 10,000 units from the previous week. Li Auto at 2,876 units and Xpeng at 1,975 units.

BYD at 35,006 units, Tesla at 15,856 units, Li Auto at 2,628 units, Xpeng at 1,775 units and Nio at 1,745 units.

BYD's insurance registrations in China for the second week of September were 31,000, with 18,000 for Tesla and 1,613 for Nio.

Nio continued to outsell its local counterpart Xpeng and Li Auto in the first week of September, as deliveries of its new models began to see a steady rise.

The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.

China's NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.

Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.