Onvo had 1,430 insurance registrations last week, Li Auto 12,600, Xpeng 7,000, Zeekr 5,400, Leapmotor 8,500 and Aito 6,000.
Major electric vehicle (EV) brands saw insurance registrations slump in China last week as vehicle deliveries were typically slow at the beginning of the month.
For the week of December 1 to December 8, Nio (NYSE: NIO) branded vehicles saw 3,700 insurance registrations in China, down 9.76 percent from 4,100 in the previous week, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance numbers earlier this year, after doing so for about 1 year. In early May, it resumed sharing those numbers in the form of weekly rankings.
The figures Li Auto shares are by brand, excluding sales of sub-brand Onvo in Nio's case.
Onvo failed to make the list shared by Li Auto as before, though the Nio sub-brand saw 1,430 insurance registrations last week, down 18.75 percent from 1,760 the week before, according to figures shared by several car bloggers on Weibo.
Onvo launched its first model, the L60, on September 19 and deliveries began on September 28.
Nio Inc delivered 20,575 vehicles in November, up 28.92 percent from 15,959 a year earlier, but down 1.91 percent from 20,976 in October, according to figures it announced on December 1.
This is the second consecutive sequential decrease in Nio Inc deliveries, albeit the seventh consecutive month above the 20,000 mark.
The Nio main brand delivered 15,493 vehicles in November, down 2.92 percent from 15,959 a year ago and down 6.99 percent from 16,657 in October.
The Onvo sub-brand delivered 5,082 vehicles in November, up 17.67 percent from 4,319 in October.
Nio guided for fourth-quarter vehicle deliveries to be in the range of 72,000 to 75,000 vehicles in its third-quarter earnings report announced on November 20. The November delivery figure means it needs to deliver at least 30,449 vehicles in December to meet that guidance.
The company announced bigger promotions on December 1, including longer NOP (Navigate on Pilot Plus) free access for car buyers and better benefits for those opting for the BaaS (battery as a service) program.
Li Auto saw 12,600 insurance registrations last week, up 5.88 percent from 11,900 in the previous week, according to figures shared by the company. It was one of the few that saw a rise in insurance registrations last week.
The company delivered 48,740 vehicles in November, up 18.79 percent from 41,030 a year ago, but down 5.25 percent from 51,443 in October, marking the second consecutive sequential decline.
Li Auto on October 31 guided for fourth-quarter vehicle deliveries between 160,000 and 170,000 units, implying year-on-year growth of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles delivered in the third quarter.
If Li Auto is to meet that guidance, it will need to deliver at least 59,817 vehicles in December.
Li Auto announced a limited-time 3-year, 0 percent interest financing incentive for all models on November 29, the first local automaker to respond after Tesla (NASDAQ: TSLA) began offering limited-time discounts on the Model Y on November 25.
Xpeng (NYSE: XPEV) had 7,000 insurance registrations last week, down 25.53 percent from 9,400 the week before.
The company delivered 30,895 vehicles in November, marking the first time it has surpassed the 30,000 mark and the third consecutive month of record highs.
This is up 54.16 percent from 20,041 a year ago and up 29.18 percent from 23,917 in October.
Xpeng had previously guided for fourth-quarter vehicle deliveries in the range of 87,000 to 91,000 units, up about 44.6 percent to 51.3 percent year-on-year.
The company needs to deliver at least 32,188 vehicles in December to meet that guidance.
Tesla had 21,900 insurance registrations in China last week, the second-highest weekly figure on record, up 17.11 percent from 18,700 the previous week.
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 78,856 vehicles in November, including 5,366 exported, data from the China Passenger Car Association (CPCA) showed.
The US electric vehicle (EV) maker sold 73,490 vehicles in China in November, its highest month so far this year, CnEVPost's calculations show. That's up 12.19 percent from 65,504 vehicles in the same month last year and up 81.52 percent from 40,485 in October.
Tesla announced on November 25 that Chinese customers who order and pick up two lower-priced variants of the Model Y between November 25 and December 31 can receive a RMB 10,000 ($1,380) reduction on their final payment.
At the same time, the company in China has further extended the five-year, 0 percent interest financing incentive applicable to all variants of the Model 3 and Model Y until December 31. The incentive was originally set to expire on November 30.
BYD (HKG: 1211, OTCMKTS: BYDDY) had 85,000 insurance registrations last week, down 13.09 percent from 97,800 the week before.
The company sold 506,804 new energy-vehicles (NEVs) in November, marking the second time it has surpassed the 500,000 mark and the sixth consecutive month of record sales.
This is up 67.87 percent from 301,903 in the same period last year and up 0.83 percent from 502,657 in October.
In the January-November period, BYD's NEV sales amounted to 3,757,336 units, up 40.02 percent year-on-year.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 5,400 insurance registrations last week, down 14.29 percent from 6,300 in the previous week.
It said on December 1 that Xiaomi SU7 deliveries continued to exceed 20,000 units in November, the second consecutive month over the 20,000 mark.
Xiaomi EV is confident of reaching its new delivery target of over 130,000 units for the year, it said.
Xiaomi announced yesterday that its second EV model has been named the Xiaomi YU7, and the SUV (sport utility vehicle) is expected to go on sale in June or July next year.
Zeekr (NYSE: ZK) had 5,400 insurance registrations last week, down 12.90 percent from 6,200 the week before.
The company delivered 27,011 vehicles in November, its third consecutive record month.
This is a 106.13 percent increase from 13,104 vehicles in the same month last year and a 7.83 percent increase from 25,049 in October.
In the January-November period, Zeekr delivered 194,933 vehicles, an increase of 85.28 percent year-on-year.
The company is targeting full-year deliveries of 230,000 vehicles by 2024, meaning that December deliveries would need to reach 35,067 vehicles to meet that target.
Leapmotor (HKG: 9863) had 8,500 insurance registrations last week, down 7.61 percent from 9,200 the week before.
It delivered 40,169 vehicles in November, marking the first time monthly deliveries have topped the 40,000 mark and the 6th consecutive month of record highs.
This is up 117.04 percent from 18,508 units in the same month last year and 5.22 percent from 38,177 in October.
From January to November, Leapmotor delivered 251,207 vehicles, up 100.11 percent year-on-year and ahead of its full-year sales target.
In 2025, Leapmotor would challenge its 500,000 annual sales target, the company said on December 1, repeating a previously mentioned goal.
Aito -- a brand jointly created by Huawei and Seres Group -- had 6,000 insurance registrations last week, down 22.08 percent from 7,700 the week before.
($1 = RMB 7.2491)
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