Monthly EV Sales

For Nio, Li Auto, and Xpeng, the monthly insurance registration numbers are not too far off from the delivery numbers.

From January to November, Model Y retail sales in China increased 121.04 percent year-on-year, while Model 3 sales decreased 7.34 percent year-on-year.

The Model Y sold 52,424 retail units in China in November, more than four times as many as the second-place BMW X3.

The Nio ET5 was the ninth best-selling premium sedan in China in November, with the ET7 at No. 8.

BYD's power battery installation volume in November was 8.94 GWh, ranking second with a 26.09 percent share.

China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.

At retail, NEVs reached a record 36.3 percent penetration rate in November.

From January to November, Tesla delivered 397,844 vehicles in China, up 59.05 percent from 250,141 vehicles in the same period last year.

Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.

This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.