Insurance registrations for major EV makers in China fell significantly last week, as the beginning of the year and the start of the month are typically low for deliveries.
Insurance registrations for major electric vehicle (EV) makers in China fell significantly last week, as the beginning of the year and the start of the month are usually low for car deliveries.
For the week of January 1-7, BYD (OTCMKTS: BYDDF) sold 44,700 units and was the top seller of NEVs (NEVs) in China, according to rankings shared today by local automotive media outlet Yiche.
Yiche's list doesn't explain the basis for calculating the weekly sales, but apparently, they are insurance registrations that CnEVPost has been monitoring.
BYD's insurance registrations last week were down 41.8 percent from the previous week's 76,800 units, according to data compiled by CnEVPost.
BYD sold 341,043 NEVs in December, including 340,178 passenger NEVs, and 865 commercial NEVs, according to data it released on January 1.
Nio (NYSE: NIO) was at 3,000 units last week, down 47.37 percent from 5,700 the week before.
Nio delivered 18,012 vehicles in December, the third highest on record behind July's 20,462 and August's 19,329, according to data it released on January 1.
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Li Auto (NASDAQ: LI) was at 4,300 vehicles last week, down 69.50 percent from 14,100 the week before.
Li Auto delivered a record 50,353 vehicles in December, marking the first time monthly deliveries exceeded the 50,000-unit mark, according to data it released on January 1.
The company has for the past few months shared weekly insurance registration figures on Tuesday afternoons to show it's leading the pack among China's new car makers. As of this writing, Li Auto had not yet shared last week's numbers.
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Tesla (NASDAQ: TSLA) had 3,200 insurance registrations in China last week, down 79.75 percent from 15,800 the week before.
Tesla sold 94,139 China-made vehicles in December, including those delivered in China and exported from its Shanghai plant, according to data released earlier this month by the China Passenger Car Association (CPCA).
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Leapmotor was at 2,800 units last week, down 37.78 percent from 4,500 the week before.
Leapmotor delivered 18,618 vehicles in December, a new all-time record, according to data it released on January 1.
Figures for Xpeng (NYSE: XPEV), Zeekr, and Neta for last week are not available, as they failed to make Yiche's list published today.
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China EV insurance registrations for week ending Dec 31: Nio 5,700, Xpeng 4,800, Li Auto 14,100, Tesla 15,800
