The China EV market had blended indicators within the third week of December. Nio insurance coverage registrations had been up 23%, Xiaomi was up 3%, BYD was down 10%, and Tesla was down 5% in contrast with the week earlier than. Nio’s model Onvo registered 2,090 models of its L60 SUV, up 22%.
Week 51 (W51) of the 12 months was between December 16 and 22. Week 51 of 2023, used for year-on-year comparability, was between December 18 and 24.
The weekly gross sales are printed by Li Auto, and regardless of Li’s not explicitly saying it, they’re based mostly on insurance coverage registration knowledge. The numbers are rounded and current new vitality automobiles (NEV) gross sales, the Chinese language time period for BEVs, PHEVs, and EREVs (vary extenders). To be fully exact, it additionally consists of hydrogen automobiles (FCEVs), however their gross sales are virtually non-existent in China. Onvo registrations will not be printed by Li Auto however come from China EV DataTracker.
BYD secured the highest place with 87,700 insurance coverage registrations in China, down 10.3% from 97,800 models the week earlier than and up 37.3% from 63,900 models in the identical week the earlier 12 months. The cumulative registrations by December (between Dec 2 and 22) are 270,500 models.
BYD sells battery electrical automobiles (BEVs) and plug-in hybrid electrical automobiles (PHEVs). In November, 40% of the automobiles bought had been BEVs, whereas 60% had been PHEVs.
Wuling reported 19,800 registrations, a 9.2% decline from 21,800 models the earlier week however a forty five.59% rise from 13,600 models in the identical week final 12 months. The cumulative whole for December is 63,000 models.
Tesla registered 17,600 insurance coverage models in China, down 4.9% from 18,500 models the week earlier than and 4.86% decrease than the 18,500 models in the identical week the earlier 12 months. The cumulative registrations by December (between Dec 2 and 22) are 58,000 models.
Li Auto recorded 13,900 insurance coverage registrations, a slight decline of 1.4% from 14,100 models the earlier week however up 14.88% from 12,100 models in the identical week final 12 months. The cumulative registrations for December are 40,600 models.
Geely recorded 11,700 registrations, a 9.3% decline from 12,900 models the earlier week. 12 months-over-year knowledge is just not accessible. The December cumulative determine is 32,100 models.
Stellantis-backed Leapmotor achieved 10,300 registrations, a 3.0% enhance from 10,000 models the week earlier than and a outstanding 145.24% rise from 4,200 models in the identical week final 12 months. The cumulative whole for December is 28,800 models.
Huawei’s Aito reported 7,700 registrations, a rise of 14.9% in comparison with 6,700 models the earlier week and 28.33% larger than 6,000 models throughout the identical interval final 12 months. The December cumulative determine is 20,400 models.
Deepal recorded 7,600 registrations, a slight decline of 1.3% from 7,700 models the earlier week however a 100.00% enhance from 3,800 models throughout the identical interval final 12 months.
Volkswagen-backed Xpeng registered 7,400 automobiles, up 2.8% from 7,200 models the week earlier than and 89.74% development from 3,900 models in the identical week the earlier 12 months. The full December registrations stand at 21,600 models.
Xiaomi registered 6,000 automobiles, a 3.4% enhance from the earlier week’s 5,800 models. 12 months-over-year knowledge is just not accessible. The full for December stands at 17,200 models.
Nio recorded 5,400 registrations, up 22.7% from the earlier week’s 4,400 models and 31.71% larger than the 4,100 models recorded in the identical week final 12 months. The cumulative registrations by December (between Dec 2 and 22) is 13,500 models.
Nio’s Onvo registered 2,090 models of its L60 SUV, up 22.4% from 1,715 models the earlier week. 12 months-over-year knowledge is just not accessible. The full for December is 5,205 models thus far. Onvo claims they are going to promote 10,000 automobiles in December. Insurance coverage registration numbers are often a bit decrease than gross sales numbers self-reported by the automakers.
Nio Inc. registered 7,490 models collectively in weeks 51 and 18,705 by December. The corporate beforehand supplied steering exhibiting a goal to promote no less than 30,400 vehicles in December.
Zeekr registered 5,300 models, a 1.9% enhance from the earlier week’s 5,200 models and an 89.29% enhance from the two,800 models registered in the identical interval final 12 months. The December cumulative whole is 15,900 models.
Huawei’s Luxeed registered 3,600 models, up 5.9% from the earlier week’s 3,400 models. 12 months-over-year knowledge is just not accessible. The cumulative whole for December is 10,300 models.
BYD’s Denza registered 2,800 automobiles, a 12.5% decline from the earlier week’s 3,200 models however a 21.74% enhance from the two,300 models registered final 12 months.
