Weekly EV Sales

China's cumulative retail sales of passenger NEVs so far this year stood at 3.618 million units, up 35 percent year-on-year.

Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 6,060 insurance registrations in China last week, up 18.82 percent from the previous week.

Nio Inc had 5,100 insurance registrations in China last week, including 3,470 under the Nio brand, 1,280 for Onvo and 350 for Firefly.

Retail sales of all passenger vehicles in China totaled 1.391 million units in the April 1-27 period, up 10 percent year-on-year but down 10 percent from the same period last month.

The Nio and Onvo brands had combined insurance registrations of 7,970 units in China last week, up 29.17 percent from 6,170 units in the previous week.

Dramatic changes in the external environment, especially additional tariffs that exceeded expectations, have taken a toll on consumer sentiment, the CPCA said.

China NEV retail sales were lower at the beginning of the month compared to the same period last month, partly due to a public holiday.

Nio Inc's insurance registrations last week stood at 2,500 units, down 43.18 percent from 4,400 units in the previous week.

China's NEV retail penetration rate was 53.90 percent in March 1-23, and 47.30 percent year to date.

After suspending the sharing of weekly insurance registration data last week in response to a call from the CAAM, Li Auto has resumed publishing the data, but only its own.