Insured Registration in China: Weekly Update Featuring BYD, Tesla, Nio, Xpeng, and More

Written by Claudio Afonso | info@claudio-afonso.com | LinkedIn | X

In the latest update from the auto industry, revealed this Tuesday, BYD topped the list with more than 45 thousand units registered in China. That week was marked by the country’s Qingming Festival, a three-day holiday held every early April.

China’s domestic passenger car sales totaled 269,000 units between April 1 and April 7 and new energy passenger car sales totaled 122,000 units during the same period. As the latest figures refer to the holiday week in China, weekly comparisons lose their relevance although it is worth noting that the penetration rate of new energy vehicles stood at 45.4%.

China’s largest new electric car maker BYD registered 45,216 vehicles, taking first place ahead of Li Auto. Li registered 5,626 during the period including 2,413 units of L7, 1,235 L8, 1,539 L9 and 439 units of its first all-electric Li Mega model.

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Huawei’s Aito brand registered 4,189 units including 2,2382 units of the M7 SUV and the flagship M9 getting 1,112 units in the first week of April. The company was followed by Stellantis-backed Leapmotor with 3,247 units and Zeekr with 3,200 vehicles registered during the period.

Shanghai-based EV maker Nio registered 2,139 units followed by Tesla with more than 1,900 vehicles insured. Amid declining market share in the key auto market of China, Tesla announced last week that it is introducing a short-term 0% interest loan offer as a new incentive strategy.

According to data from the China Passenger Car Association, the world’s largest automaker saw its market share drop from 10.5% to about 6.7% in 2023.

In March, Nio delivered 11,866 vehicles, an increase of 14.3 percent compared to the previous year. March saw a sharp increase in SUV sales for the Nio, following a steady decline since July 2023 when SUV shipments peaked at 14,066 units.

Xpeng, which announced the expansion of the market to Spain and Portugal on Monday, registered a total of 1,230 units until the seventh day of April.

Xiaomi, previously known for smartphones, when it started manufacturing cars, got 1,093 registrations in its first week of production. The industry is closely monitoring the ability to raise the standard of this Chinese giant.

The SU7, marking Xiaomi’s entry into the automotive sector, was officially launched on March 28, exceeding all expectations and causing long queues at stores as eager customers sought out the car experience and test drive.

Written by Claudio Afonso | info@claudio-afonso.com | LinkedIn | X

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