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In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.
Major electric vehicle (EV) makers continued to see mixed insurance registrations in China last week.
For the week of May 20-26, Nio (NYSE: NIO) vehicles had 5,400 insurance registrations in China, up 22.73 percent from 4,400 the week before, according to data shared today by Li Auto (NASDAQ: LI).
Li Auto stopped sharing weekly insurance registration numbers earlier this year, after doing so for about 1 year. In early May, it resumed sharing those figures. The company did not share month-to-date numbers as it had done previously.
The latest figures mean that during the May 1-26 period, Nio vehicles had 15,400 insurance registrations, considering it was at 10,000 from May 1-19.
Nio delivered 15,620 vehicles in April, up 31.64 percent from March and up 134.60 percent year-on-year, according to figures it announced on May 1.
Li Auto had 8,600 insurance registrations last week, up 10.26 percent from 7,800 the week before.
Li Auto’s insurance registrations for May 1-26 stood at 27,200 units, considering it was at 18,600 units for May 1-19.
The company delivered 25,787 vehicles in April, up 0.41 percent year-on-year but down 11.03 percent from March.
Li Auto guided second-quarter vehicle deliveries to be in the range of 105,000 to 110,000 units in its May 20 earnings report, implying year-on-year growth of 21.3 percent to 27.1 percent.
Considering Li Auto delivered 25,787 vehicles in April, the guidance means it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
The company said in its earnings call last week that it won’t release an all-electric SUV this year, and that they will be released in the first half of next year.
Li Auto said in its last earnings call that it would release three all-electric SUV models in the second half of 2024.
Xpeng (NYSE: XPEV) had 1,900 insurance registrations last week, down 5 percent from 2,000 the week before.
Xpeng’s insurance registrations for May 1-26 were 6,700 units, considering it was at 4,800 units for May 1-19.
The company delivered 9,393 vehicles in April, up 4.07 percent from March and up 32.69 percent year-on-year.
Tesla (NASDAQ: TSLA) had 13,100 insurance registrations in China last week, down 5.76 percent from 13,900 in the previous week.
The US EV maker had 43,900 insurance registrations in China from May 1-26, considering it had a May 1-19 figure of 30,800 units.
BYD (HKG: 1211, OTCMKTS: BYDDY) vehicles saw 55,000 insurance registrations in China last week, up 2.61 percent from 53,600 the week before.
From May 1-26, a total of 209,900 BYD vehicles were registered for insurance in China, CnEVPost calculations show. The company had that figure at 154,900 vehicles in the May 1-19 period.
BYD sold 313,245 new energy vehicles (NEVs) in April, up 48.96 percent from 210,295 in the same month a year ago and up 3.57 percent from 302,459 in March.
Xiaomi’s insurance registrations were 2,700 last week, up 35 percent from 2,000 the previous week.
The company’s insurance registrations for May 1-26 stood at 6,700 vehicles, considering that it had a figure of 4,000 vehicles for May 1-19.