Deutsche Bank also expects Tesla to sell 45,000 units at retail in China in July, Li Auto at 48,000 units and Zeekr at 15,000 units.

Wang's team expects Li Auto (NASDAQ: LI) to retail 48,000 units in July, slightly below the company's target of 50,000 units, up 41 percent year-on-year and flat sequentially.

Li Auto's domestic retail sales totaled 30,000 units in the first three weeks of July, the team said, adding that the company's new order flow is estimated to be around 46,000 units.

The team expects Tesla to retail 45,000 units in China in July, up 37 percent year-on-year while down 23 percent sequentially.

Tesla China's domestic retail sales in the first three weeks of July totaled 28,400 units, and its new order flow is expected to be 40,000-50,000 units, according to the team.

BYD's July retail sales are expected to be 300,000 units, up 8.5 percent sequentially and up 41 percent year-on-year, Wang's team said.

BYD's domestic retail sales totaled 194,000 units in the first three weeks of July, and based on dealer feedback, it has a pretty good flow of new orders in July, which are expected to exceed 300,000 units, the team said.

Deutsche Bank expects Zeekr (NYSE: ZK) to retail 15,000 units in July, up 25 percent year-on-year while down 25 percent sequentially.

Zeekr's domestic retail sales totaled 10,200 units in the first three weeks of July, and it has new orders estimated at about 15,000 units in July, the team said.

Leapmotor's retail volume in July is estimated at 21,000 units, up 46 percent year-on-year and up 4 percent sequentially.

Its domestic retail sales totaled 13,100 units in the first three weeks of July, and the C16 has received more than 10,000 orders since its June 28 launch, the team noted.

Huawei-backed Aito's retail volume in July is estimated at 43,000 units, up about 865 percent year-on-year and flat from June.

Domestic retail sales for the Aito brand totaled 27,000 units in the first three weeks of July, with new order flow estimated at around 25,000 units, according to the team.

It's worth noting that Aito's order backlog at the end of June was about 75,000 units, with about 20,000 of the M7 Ultra, 40,000 of the M9, and 15,000 of the M5, which will support 43,000 monthly deliveries in July, the team said.

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China EV insurance registrations for week ending Jul 21: Nio 4,600, Tesla 10,500, Xiaomi 1,500, BYD 66,700