Li Auto’s insurance registrations last week were 11,700, Xpeng 3,600, Zeekr 5,700, Leapmotor 8,200 and Aito 6,500.
Major electric vehicle (EV) makers mostly saw insurance registrations in China slip last week, as vehicle deliveries were typically slow at the start of the month.
For the week of November 4 to November 10, Nio (NYSE: NIO) branded vehicles had 3,000 insurance registrations in China, down 31.82 percent from 4,400 in the previous week, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance registrations numbers earlier this year, after doing so for about a year. In early May, it resumed sharing those numbers in the form of weekly rankings.
The numbers Li Auto shares are by brand, which in Nio’s case excludes sales of sub-brand Onvo.
Onvo failed to make the lists shared by Li Auto as before, but according to figures shared by multiple car bloggers on Weibo, the Nio sub-brand had 820 insurance registrations last week, a 36.92 percent decrease from the previous week’s 1,300.
Onvo launched its first model, the L60, on September 19, and deliveries began on September 28.
Nio Inc delivered 20,976 vehicles in October, up 30.50 percent from 16,074 a year ago while down 0.97 percent from 21,181 in September.
Nio’s main brand delivered 16,657 vehicles in October, up 3.63 percent from 16,074 a year ago but down 18.14 percent from 20,349 in September. Onvo delivered 4,319 vehicles in October, up 419.11 percent from 832 in September.
Nio will hold its Nio Day 2024 event in Guangzhou on December 21, before that it will celebrate its 10th anniversary on November 25.
The company will unveil its new sub-brand, codenamed Firefly, at Nio Day 2024 to target the market with prices ranging from RMB 100,000 to RMB 200,000.
Li Auto had 11,700 insurance registrations last week, up 2.63 percent from 11,400 the previous week, according to figures shared by the company.
The automaker delivered 51,443 vehicles in October, up 27.26 percent year-on-year but down 4.22 percent from September.
Li Auto guided fourth-quarter vehicle deliveries at between 160,000 and 170,000 vehicles on October 31, implying a year-on-year increase of 21.4 percent to 29.0 percent, just slightly higher than the 152,831 vehicles delivered in the third quarter.
The guidance implies that Li Auto’s monthly deliveries for the last two months of the year will likely be at just over 50,000 units.
Li Auto’s deliveries for the full year 2024 will be in the range of 501,812 to 511,812 units, as per the guidance.
In the January-October period, Li Auto delivered 393,255 vehicles, up 38.16 percent year-on-year.
Xpeng (NYSE: XPEV) had 3,600 insurance registrations last week, down 33.33 percent from 5,400 the previous week.
It delivered 23,917 vehicles in October, up 19.57 percent from 20,002 a year ago and up 12.01 percent from 21,352 in September.
In the January-October period, Xpeng delivered 122,478 vehicles, up 20.73 percent year-on-year.
The company launched the P7+ on November 7, and the new electric sedan garnered 31,528 orders three hours after its launch.
Yesterday, Xpeng said it began volume deliveries of the P7+ in China.
Xpeng will report its unaudited financial results for the third quarter of 2024 on Tuesday, November 19, before the US markets open.
Tesla (NASDAQ: TSLA) Insurance registrations in China were 17,300 last week, up 10.19 percent from 15,700 the week before.
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 hub for it.
Tesla China sold 68,280 vehicles in October, including 27,795 for export, data from the China Passenger Car Association (CPCA) showed.
The US electric vehicle (EV) maker sold 40,485 vehicles in China in October, its lowest since April.
BYD (HKG: 1211, OTCMKTS: BYDDY) had 85,900 insurance registrations last week, down 10.80 percent from 96,300 the week before.
It sold 502,657 new energy vehicles (NEVs) in October, surpassing the 500,000 mark for the first time and marking the fifth consecutive month of record highs.
This is up 66.53 percent from 301,833 in the same period last year and up 19.84 percent from 419,426 in September.
In the January-October period, BYD sold 3,250,532 NEVs, up 36.49 percent year-on-year.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had insurance registrations of 5,500 units last week, up 77.42 percent from 3,100 the week before.
Xiaomi announced on October 29 that it had delivered more than 20,000 units of its sole model, the SU7 electric sedan, in October and reiterated that it would meet its full-year delivery target of 100,000 units ahead of schedule in November.
It also announced on October 29 that the SU7 Ultra, with its powerful performance, began pre-sales in China at a price of RMB 814,900 yuan.
The official launch of the SU7 Ultra — priced at nearly four times the regular SU7’s RMB 215,900 starting price — will be in March 2025, the company said.
Zeekr (NYSE: ZK) had 5,700 insurance registrations last week, down 1.72 percent from 5,800 the week before.
It delivered 25,049 vehicles in October, surpassing September’s previous record of 21,333 for a record high. This is a 91.55 percent year-on-year growth and a 17.42 percent increase from September.
In the January-October period, Zeekr delivered 167,922 vehicles, up 82.32 percent year-on-year.
The company is targeting to deliver around 230,000 vehicles for the whole of this year. This means that to accomplish its goal, it needs to deliver an average of about 31,000 vehicles per month in the remaining two months.
Zeekr will report unaudited financial results for the third quarter of 2024 on Thursday, November 14, before the US markets open.
Leapmotor (HKG: 9863) reported insurance registrations of 8,200 vehicles last week, unchanged from the previous week.
It delivered 38,177 vehicles in October, up 109.74 percent year-on-year and up 13.06 percent from September.
This is the fifth consecutive month of record monthly deliveries for the NEV maker and the third consecutive month of over 30,000 units.
In the January-October period, Leapmotor delivered 211,038 vehicles, up 97.18 percent year-on-year. It is aiming to deliver 250,000 vehicles for the full year.
Aito — a brand jointly created by Huawei and Seres Group — registered 6,500 vehicles for insurance last week, down 22.62 percent from 8,400 the week before.
