By mid-July, the Chinese electric vehicle (EV) market was plagued by a trifecta of challenges. Registrations of Xiaomi automobiles plummeted by 35%, a significant decline. Meanwhile, Tesla’s sales were only off by 8%. In a striking contrast, Nio’s registrations surged by 35%, while BYD’s saw an increase of 8%.
Weeks 1-52 are a standard periodization model in time management. Week 29 falls within July 16 to July 22, inclusive. Week 29 of 2023, a period for year-over-year comparisons, occurred from July 17 to July 23.
Li Auto publicly discloses its weekly gross sales figures, which are indirectly derived from insurance coverage registration data, although this is not explicitly stated. The numbers show rounded figures and current data on the sales of new energy vehicles (NEVs), which in China refer to battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and extended-range electric vehicles (EREVs) with varying extenders. Despite being utterly precise, the segment also comprises hydrogen-powered vehicles, specifically FCEVs; unfortunately, their Chinese market sales remain virtually negligible. The data exclusively pertains to passenger vehicles.
The top-selling model was traditionally dominant, boasting 66,700 registrations – an impressive 7.93% increase from the previous week’s total of 61,800 units sold. Between July 1 and July 21, BYD had registered a remarkable 187,300 automobiles in China within just three weeks of the month.
Registered 10,900 electric vehicles, a 3.54% decline from the 11,300 units logged the previous week, yet still representing a significant 39.74% increase over the 7,800 units recorded during the same period last year. In the initial quarter of the month, Li Auto successfully logged a significant milestone: 30,200 electric vehicles (EVs) were registered in China within the first three weeks.
Li Auto has surged to second place in China’s electric vehicle (EV) registration rankings, traditionally dominated by Tesla.
Registered approximately 10,500 electric vehicles (EVs), a decline of 7.89% compared to the 11,400 models registered the previous week, yet an increase of 36.36% over the same period last year when only around 7,700 EVs were registered? In the initial quarter of the month, Tesla logged a significant milestone by registering over 28,400 electric vehicles (EVs) in China within just three short weeks.
Tesla is extending its existing five-year zero-interest mortgage incentive programme until August 31 in China, allowing customers to continue taking advantage of this attractive financing option for a further six months. The benefit started in April and was originally intended to conclude on July 30. The deadline has been twice extended, initially to July 31 and subsequently to August 31.
As part of its ongoing efforts to make its electric vehicles more affordable, Tesla offers the Model Y SUV for a daily price of 95 yuan (approximately $13 USD) and the Model 3 sedan for 85 yuan (around $11.6 USD), according to Tesla China.
Registered approximately 9,300 electric vehicles (EVs), a decline of 1.06% from the 9,400 models recorded the previous week, yet still representing an astonishing 830% increase compared to the same period last year, when just 1,000 EVs were sold. Within the initial three weeks of the month, Aito successfully registered 26,600 electric vehicles (EVs) in China.
During the initial three weeks of the month, Wuling recorded a notable milestone with 23,000 electric vehicles (EVs) registered in China.
Registered approximately 6,900 electric vehicles (EVs), a decline of 2.82% compared to the 7,100 models sold the previous week. Between the beginning and the third week of the month, Chinese customers purchased 20,800 GAC Aion electric vehicles.
Stellantis-backed companies registered a total of 4,900 electric vehicles (EVs), representing an increase of 8.89% compared to the 4,500 units registered the previous week. This marks a significant surge of 75% from the 2,800 EVs registered during the same period last year. Between the initial quarter and a half of the month, Leapmotor tallied 13,200 electric vehicles sold in China.
Registered over 4,600 electric vehicles, representing a significant 35.29% increase from the preceding week’s tally of 3,400 units. This marks a slight decline of 2.13% compared to the same period last year, which saw approximately 4,700 EVs registered.
In the initial quarter of the month, Nio recorded a substantial 13,300 electric vehicle sales in China.
Weaker automotive registration trends are frequently observed towards the end of the month in China. Despite reports suggesting Nio’s automotive buy incentives would conclude at the end of the month, many customers are likely scrambling to seize the last opportunity to purchase a Nio vehicle at a discount.
Registered nearly 4,000 electric vehicles (EVs), representing a 5.56 percent increase from approximately 3,600 models sold the previous week. During the initial three-week period of the month, Volkswagen recorded a significant number of electric vehicle (EV) registrations in China.
Registered 3,600 electric vehicles (EVs), a 9.09 percent increase from 3,300 the previous week, as well as an 5.88 percent uptick from 3,400 during the same period last year. Within the initial quarter of the month, Deepal recorded a remarkable 10,300 electric vehicle sales in China.
Registered 3,000 electric vehicles, a decrease of 9.09 percent from the 3,300 units recorded the previous week, while representing a 25 percent increase compared to the 2,400 units sold in the same period last year. During the initial quarter of the month, Zeekr successfully recorded 10,100 electric vehicles (EVs) in China within a remarkably short span of just three weeks.
Registered 2,100 electric vehicles (EVs), a 10.53% increase from 1,900 units the previous week, yet a decline of 8.70% compared to the same period last year when 2,300 EVs were registered. Within the initial three-week period of the month, Chinese electric vehicle (EV) manufacturer Denza recorded a substantial milestone: 5,700 new EV registrations.
Volkswagen-backed charging points registered a 11.76% increase to 1,900 electric vehicles (EVs), up from 1,700 the previous week, but down 26.92% from the same period last year when 2,600 EVs were recorded. In the initial quarter of the month, Chinese electric vehicle (EV) manufacturer Xpeng recorded a significant milestone by registering 5,400 EVs in China during this period.
Registered approximately 1,500 electric vehicles (EVs), a decline of 34.78% from the preceding week’s tally of 2,300 models. By mid-month, Xiaomi had already sold a remarkable 7,500 electric vehicles (EVs) on the Chinese market. Xiaomi currently has a single automotive offering, the Xiaomi SU7 sedan, which entered the market on March 28.
By June, Xiaomi had successfully shipped more than 10,000 vehicles domestically in China, with an ambitious target to reach a total of 120,000 units by the end of the year.
Registered 1,300 electric vehicles (EVs), a decline of 13.33% compared to the 1,500 units sold the previous week. During the initial three weeks of the month, IM recorded a diverse range of electric vehicles (EVs) in China.
