Last week's insurance registrations were 1,800 for Xpeng, 4,200 for Zeekr, 8,900 for Aito and 3,800 for Leapmotor.
Several major electric vehicle (EV) makers saw insurance registrations in China slip last week, as deliveries are usually slow at the beginning of the month.
For the week of June 3-9, insurance registrations of Nio (NYSE: NIO) vehicles in China were 3,500, down 47.76 percent from 6,700 in the previous week, according to data shared today by Li Auto (NASDAQ: LI).
Insurance registration figures are usually available every Tuesday afternoon. The latest numbers were delayed a day from usual because of the June 8-10 Dragon Boat Festival holiday.
Nio delivered 20,544 vehicles in May, surpassing July 2023's record high of 20,462 vehicles, according to data it released on June 1.
That's an increase of 233.78 percent from 6,155 vehicles in the same period last year and up 31.52 percent from 15,620 in April.
In the January-May period, Nio's deliveries stood at 66,217 vehicles, up 50.99 percent year-on-year, CnEVPost's calculations show.
Nio guided for second-quarter deliveries of between 54,000 and 56,000 vehicles when it reported first-quarter earnings on June 6, implying that June deliveries are expected to be between 17,836 and 19,836 vehicles.
Li Auto had 10,900 insurance registrations last week, up 29.76 percent from 8,400 the previous week and the highest for a single week so far this year.
The company delivered 35,020 vehicles in May, up 35.8 percent from April and up 23.85 percent year-on-year.
May's deliveries were Li Auto's highest for a single month so far this year, though still well below last December's record 50,353 vehicles.
So far this year, Li Auto has delivered 141,207 vehicles, up 32.54 percent year-on-year, according to data compiled by CnEVPost.
Li Auto previously guided to deliver between 105,000 and 110,000 vehicles in the second quarter, implying a year-on-year increase of 21.3 percent to 27.1 percent.
Xpeng (NYSE: XPEV) had 1,800 insurance registrations last week, down 28 percent from 2,500 the week before.
The company delivered 10,146 vehicles in May, surpassing the 10,000-unit mark for the first time this year.
In the January-May period, Xpeng delivered 41,360 vehicles, up 26.04 percent year-on-year.
Xpeng had previously guided for second-quarter vehicle deliveries in the range of 29,000 to 32,000 vehicles, representing year-on-year growth of about 25.0 percent to 37.9 percent.
Tesla (NASDAQ: TSLA) had 12,000 insurance registrations in China last week, down 21.05 percent from 15,200 the week before.
Tesla's Shanghai factory, which produces the Model 3sedan and Model Y crossover, is its largest in the world, with an annual capacity of more than 950,000 vehicles.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.
On May 24, Reuters reported that Tesla's Shanghai factory planned to cut Model Y production by at least 20 percent between March and June.
Tesla sold 55,215 vehicles in China in May, up 29.89 percent from 42,508 in the same month last year and up 75.73 percent from 31,421 in April, according to data released yesterday by the China Passenger Car Association (CPCA).
The US EV maker's May sales in China included 15,230 Model 3s, up 32.97 percent year-on-year and up 200.69 percent from April.
Model Y sales in China in May were 39,985 units, up 28.76 percent year-on-year and up 51.71 percent from April.
Tesla's Shanghai factory exported 17,358 vehicles in May, down 50.67 percent from 35,187 in the same month last year and down 43.54 percent from 30,746 in April.
That export figure includes 11,984 Model 3s and 5,374 Model Ys, according to data compiled by CnEVPost.
BYD (HKG: 1211, OTCMKTS: BYDDY) vehicles had 52,800 insurance registrations in China last week, down 1.12 percent from 53,400 the week before.
The company sold 331,817 new energy vehicles (NEVs) in May, further closing in on its all-time high of 341,043 units in December last year.
BYD sold 146,395 passenger battery electric vehicles (BEVs) and a record 184,093 passenger plug-in hybrid electric vehicles (PHEVs) in May.
Xiaomi EV's insurance registrations last week stood at 2,100 units, down 4.55 percent from 2,200 units in the previous week, as it continues to face capacity bottlenecks.
Xiaomi EV delivered 8,646 vehicles in May, bringing cumulative 2024 deliveries to 15,764, according to a June 2 Hong Kong Stock Exchange announcement by Xiaomi.
Xiaomi launched the SU7, its first EV model, on March 28, offering three variants -- standard, Pro, and Max -- with starting prices of RMB 215,900 ($29,800), RMB 245,900, and RMB 299,900, respectively.
The Xiaomi EV factory would begin double-shift production in June and would deliver at least 10,000 units that month, Xiaomi management said in a May 23 earnings call.
Xiaomi EV would deliver at least 100,000 units for the full year of 2024 and will challenge the delivery target of 120,000 units, Xiaomi management said.
Zeekr (NYSE: ZK) had 4,200 insurance registrations last week, unchanged from the previous week.
The company delivered 18,616 vehicles in May, surpassing its previous record of 16,089 vehicles in April for its second consecutive record month.
Zeekr went public on the New York Stock Exchange on May 10 and reported its first quarterly earnings since going public yesterday.
Leapmotor had insurance registrations of 3,800 vehicles last week, down 11.63 percent from 4,300 the previous week.
The company delivered 18,165 vehicles in May, a year-to-date high and close to its all-time high at the end of last year.
The Aito brand, a joint effort between Huawei and Seres Group, saw insurance registrations of 8,900 vehicles last week, up 27.14 percent from 7,000 the previous week and close to its all-time high of 9,000 in the week at the end of January.
Become A CnEVPost Member
Become a member of CnEVPost for an ad-free reading experience and support us in producing more quality content.
