Li Auto’s insurance registrations last week stood at 5,300 and Xpeng’s 1,400.
Major electric vehicle makers saw a decline in vehicle insurance registrations in China last week, with a major holiday impact.
In the week of April 29 to May 5, Nio (NYSE: NIO) saw 3,600 insurance registrations for its vehicles in China, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance registration numbers over the past few weeks, after doing so for about a year. This is the first time these numbers have started being shared again.
CnEVPost primarily used numbers from Deutsche Bank’s weekly China passenger vehicle sales monitoring over the past few weeks.
This year’s Labor Day holiday in China – from May 1 to 5 – covered most of the workdays last week, which had a negative impact on vehicle insurance registrations. Meanwhile, the beginning of the month is usually a slow time for delivery.
Nio’s insurance registrations last week fell by 27.42 percent from 4,960 units the previous week, CnEVPost calculations showed.
Nio delivered 15,620 vehicles in April, up 31.64 percent from March and up 134.60 percent year on year, according to data released on May 1.
The company is expected to officially unveil Onvo, its mass-market sub-brand, later this month, and expects to see its 500,000th car roll off the line.
Li Auto had 5,300 insurance registrations last week, down 24.93 percent from 7,060 the previous week.
The company delivered 25,787 vehicles in April, up 0.41 percent from a year ago but down 11.03 percent from March.
Li Auto launched the Li L6 five-seat SUV on April 18, its long-range electric vehicle (EREV) model after the Li L7, Li L8 and Li L9.
Yesterday, the company announced that cumulative orders for Li L6 exceeded 41,000 units between April 18 and May 5.
Xpeng (NYSE: XPEV) had 1,400 insurance registrations last week, down 48.15 percent from 2,700 the week before.
It delivered 9,393 vehicles in April, up 4.07 percent from March and 32.69 percent year on year.
The X9 MPV (multi-purpose vehicle) made monthly deliveries of 1,959 units in April, and cumulative deliveries since its launch are approaching 10,000 units, Xpeng said on May 1.
Xpeng will launch its new brand MONA (Made of New AI) in June, a slight delay from previously announced plans.
Tesla (NASDAQ: TSLA) had 11,000 lockdown registrations in China last week, down 25.98 percent from 14,860 the previous week.
Tesla’s April sales numbers in China are not currently available, and are expected to be released by the China Passenger Car Association (CPCA) later this month.
Tesla CEO Elon Musk made an unannounced visit to China late last month to seek approval for driver-assistance programs to help stem the automaker’s revenue decline, according to an April 29 Bloomberg report.
Bloomberg, citing people familiar with the matter, said that the American electric car manufacturer has removed a major obstacle to rolling out the advanced driver assistance feature in China by partnering with Baidu on mapping and navigation functions.
BYD Automotive (HKG: 1211, OTCMKTS: BYDDY) saw 52,600 insurance registrations in China last week, down 16.90 percent from 63,300 the previous week.
BYD sold 313,245 new energy vehicles in April, up 48.96 percent from 210,295 in the same month last year, while down 48.96 percent from March.
In April, BYD sold a record 41,011 vehicles in overseas markets, surpassing the previous record of 38,434 set in March. This is 176.6 percent higher year-on-year and 6.71 percent higher than in March.
Xiaomi’s insurance registrations last week reached 1,300 units, down 22.16 percent from 1,670 units the previous week.
Xiaomi officially launched its first electric vehicle model, the SU7, on March 28, offering three models – Standard, Pro and Max – with prices starting at CNY 215,900 (US$29,820), CNY 245,900 and CNY 299,900. , respectively.
Xiaomi was offering a Founders Edition of the SU7, limited to 5,000 units, with deliveries starting on April 3. Deliveries of vehicles for the SU7 began on April 18.
The SU7 delivered 7,058 units in April, with 88,063 closed orders as of 24:00 Beijing time on April 30, Xiaomi’s electric vehicle division Xiaomi EV announced on May 1.
Zeekr had 3,600 insurance registrations last week, down 28 percent from 5,000 the week before.
Zeekr delivered 16,089 vehicles in April, a new record since its inception.
Leapmotor was at 2,300 vehicles last week, down 43.07 percent from 4,040 the week before. It delivered 15,005 vehicles in April, up 71.96 percent year on year and up 3.01 percent from March.
Sales of Huawei-backed Aito reached 4,800 vehicles last week, down 31.72 percent from 7,030 vehicles the previous week.
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