Li Auto recorded 12,100 insurance registrations last week, Xpeng 4,500, Zeekr 5,200, Leapmotor 8,000 and Aito 8,700.
Major electric vehicle (EV) makers saw mixed insurance registrations in China last week.
For the week of Oct. 14-20, Nio-branded vehicles (NYSE: NIO) recorded 3,900 insurance registrations in China, down 17.02% from 4,700 the previous week, data shows shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance numbers earlier this year, after about a year. In early May, it began sharing these numbers again in the form of weekly rankings.
The figures shared by Li Auto are by brand and do not include sales of Nio’s Onvo sub-brand.
Onvo launched its first model, the L60, on September 19 and deliveries began on September 28.
The electric vehicle maker delivered 21,181 vehicles in September, marking the fifth consecutive month in which Nio, as a group, delivered more than 20,000 vehicles, including 20,349 for the core Nio brand and 832 for Onvo.
On October 11, the Nio brand reached the milestone of delivering its 600,000th production vehicle.
Li Auto recorded 12,100 insurance registrations last week, down 9.70% from 13,400 the previous week, according to figures reported by the company.
It delivered a record 53,709 vehicles in September, surpassing the previous record of 51,000 in July.
This is a year-over-year increase of 48.94 percent and an increase of 11.61 percent from 48,122 in August.
On October 18, Li Auto announced that it had delivered its millionth car, 58 months after its first car delivery.
Li Auto will release its unaudited financial results for the third quarter of 2024 before the US markets open on Thursday, October 31, it announced yesterday.
Xpeng (NYSE: XPEV) recorded 4,500 insurance registrations last week, up 15.38% from 3,900 the previous week.
The electric vehicle maker delivered 21,352 vehicles in September, up 39.46% year-on-year and 52.12% from August.
Xpeng’s new model, the Mona M03, delivered more than 10,000 units in its first full delivery month, the company announced on October 1, without disclosing specific figures.
Xpeng announced the start of pre-sales of its new flagship electric sedan, the P7+, in China on October 14, the first day of the Paris Auto Show, with a starting price of 209,800 RMB ($29,600).
Just an hour and 48 minutes after P7+ pre-sales began, orders had surpassed 30,000 units, the company announced later on October 14.
On October 18, Xpeng said it saw the first production cars of the P7+ rolling off the assembly line at its Guangzhou manufacturing plant.
In an October 16 research note, Deutsche Bank analyst Wang Bin’s team forecast average monthly sales of 6,000 units for the Xpeng P7+.
Tesla (NASDAQ: TSLA) recorded 13,200 insurance registrations in China last week, up 55.29% from 8,500 the previous week.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for deliveries to local customers and as an export platform for them.
The U.S. electric vehicle maker sold 72,200 vehicles in China in September, surpassing August’s 63,456, an annual record, according to data released by the China Passenger Car Association (CPCA).
Including 16,121 exported units, Tesla sold 88,321 vehicles manufactured in China in September.
Tesla said last month that it plans to launch FSD (Full Self-Driving) in China in the first quarter of 2025. But that could be further delayed, according to an October 18 report from China Daily.
BYD (HKG: 1211, OTCMKTS: BYDDY) recorded 89,600 insurance registrations last week, down 15.63% from the previous week’s record 106,200.
The company sold a record 419,426 new energy vehicles (NEVs) in September, its fourth consecutive record month.
This represents an increase of 45.91 percent from the 287,454 recorded a year ago and 12.42 percent from the 373,083 recorded in August.
BYD’s NEV retail sales in China in September were 386,749 vehicles, continuing to rank first in the domestic passenger car NEV market with a share of 34.4%, according to data released by the CPCA on October 14.
It presented several models at the Paris Auto Show on October 14 and made available the Sealion 07 EV, renamed Sealion 7 in Europe.
On October 18, BYD launched a new model, the Sealion 06 GT sedan, in China to cater to the preferences of a younger demographic.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) recorded its second consecutive record last week with insurance registrations of 5,600 units, up 21.74% from 4,600 the previous week.
Xiaomi’s first EV model, the SU7, shipped more than 10,000 units in September, the phone maker’s EV unit, Xiaomi EV, announced on October 1.
As is the case for the past three months, Xiaomi EV has not released precise figures for monthly deliveries of the SU7.
Xiaomi EV aims to produce and deliver more than 20,000 vehicles in October, it announced on October 1.
Zeekr (NYSE: ZK) saw 5,200 insurance registrations last week, down 5.45% from 5,500 the week before.
The electric vehicle maker delivered a record 21,333 vehicles in September, surpassing June’s previous record of 20,106 vehicles. This represents an increase of 76.99 percent year-on-year and 18.42 percent compared to August.
Zeekr launched the Zeekr 7X electric SUV, its second model aimed at the mainstream electric vehicle market, on September 20, with deliveries beginning September 21.
Zeekr said on October 15 that shipments of the 7X had exceeded 10,000 units, 25 days after the model’s launch.
It announced on October 18 that cumulative vehicle deliveries exceeded 350,000 units.
Zeekr will launch its new model, the Zeekr Mix, on October 23, with the first production units of the electric MPV (multi-purpose vehicle) rolling off the assembly line yesterday.
Leapmotor (HKG:9863) recorded 8,000 insurance registrations last week, down 8.05% from 8,700 the previous week.
It delivered 33,767 vehicles in September, marking the second consecutive month of more than 30,000 units and the fourth consecutive record month.
This represents an increase of 113.72 percent from the 15,800 recorded a year ago and 11.42 percent from the 30,305 recorded in August.
Leapmotor debuted the B10 at the Paris Auto Show on October 14, and the compact SUV, the first global model of its new B platform, will go on sale next year.
On October 17, the company announced that it had seen its 500,000th production vehicle roll off the line.
Aito, a brand jointly created by Huawei and Seres Group, recorded 8,700 insurance registrations last week, an increase of 22.54% from 7,100 the previous week.
Data table: EV insurance registrations in China from October 14 to 20
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