Industry dynamics

China NEV insurance registrations for week ending Jul 9: Li Auto 7,900, Tesla 3,200, Nio 3,100

Publishtime:2019/08/16 Views:18

Deliveries are usually relatively slow at the beginning of the month, and 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.

(He Xiaopeng, Xpeng's chairman and CEO, experienced the production of G6 at the factory on July 10.)

Until mass deliveries of the new SUV G6 begin, the P7 series sedan remains Xpeng's main seller, contributing 60.28 percent of sales in June.

Tesla (NASDAQ: TSLA) sold 3,200 units last week, down 81.61 percent from the previous week's 17,400 units, likely because vehicles produced at its Shanghai plant last week were mainly being used for export.

Tesla's Shanghai plant, which produces the Model 3 and Model Y, has a pattern to produce cars for export in the first half of the quarter and for the local market in the second half, the US electric vehicle giant previously said.

Tesla sold 93,680 China-made vehicles in June, including 19,468 for export and 74,212 delivered in China, according to the China Passenger Car Association (CPCA).

Geely's premium EV brand Zeekr sold 2,300 units in June, down 25.81 percent from 3,100 units the previous week.

Zeekr launched its third model, the Zeekr X, on April 12, and its deliveries in China began on June 12. Its previous models on sale were the Zeekr 001 shooting brake and the Zeekr 009 MPV.

Neta sold 1,600 units last week, down 50 percent from 3,200 units the previous week.

Leapmotor was at 2,200 units last week, down 35.29 percent from 3,400 units the previous week.

In premium brand sales, including traditional fuel vehicles, Mercedes-Benz, Audi, and BMW were the top three last week at 14,800, 11,700, and 10,500 units, respectively. NEV insurance registrations for these three German automakers last week are unknown.

Data table: China NEV weekly insurance registrations