China EV Insurance Registrations For Week Ending Jun 1: Nio 3,000, Tesla 13,000, Xiaomi 7,800

CnEVPost06-04

Nio Inc, including the Nio, Onvo, and Firefly brands, saw 5,400 insurance registrations in China last week, a decrease of 17.30 percent from the previous week.Tesla saw an increase of 18.18 percent in...

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This marks the first full month of deliveries for this Nio sub-brand.Nio Inc guided in its first-quarter earnings report yesterday that second-quarter deliveries are expected to be between 72,000 and 75,000 vehicles, implying an expected June delivery volume of 24,869 to 27,869 vehicles.Tesla (NASDAQ: TSLA) had 13,000 vehicles for insurance in China last week, up 18.18 percent from the previous week's 11,000 vehicles.The US EV maker has a factory in Shanghai producing the Model 3 sedan and Model Y crossover, which are delivered to domestic customers and also serve as an export hub.Tesla China's May sales figures are not yet available. In April, it sold 28,731 vehicles in the domestic market in China, a decrease of 8.56 percent from the 31,421 units sold in the same period last year, and a decrease of 61.24 percent from the 74,127 units sold in March, according to data compiled by CnEVPost.Its Shanghai factory exported 29,728 vehicles in April, a decrease of 3.31 percent from the 30,746 units exported in the same period last year, but an increase of 532.38 percent from the 4,701 units exported in March.Xpeng (NYSE: XPEV) had 7,300 vehicles for insurance last week, an increase of 28.07 percent from the 5,700 units registered the previous week.The company delivered 33,525 vehicles in May, marking seven consecutive months of deliveries exceeding 30,000 units.This represents a 230.43 percent increase from the 10,146 units delivered in the same period last year, though it decreased by 4.34 percent from the 35,045 units delivered in April.Li Auto (NASDAQ: LI) had 12,000 insurance registrations last week, a 14.29 percent increase from the previous week's 10,500 units.It delivered 40,856 vehicles in May, a 16.66 percent increase from the same period last year's 35,020, and a 20.38 percent increase from April's 33,939.Li Auto said on June 1 that the stable monthly delivery volume of the Li Mega electric MPV (multi-purpose vehicle) is expected to reach 2,500-3,000 units, representing a 150-200 percent increase compared to the 2024 model of the MPV.BYD (HKG: 1211, OTCMKTS: BYDDY) brand vehicles saw insurance registrations of 59,800 units last week, up 12.20 percent from 53,300 units the previous week.The company sold 382,476 vehicles in May, up 15.27 percent year-on-year and up 0.63 percent from April.BYD announced at the end of last month that it would offer significant discounts on models in its Dynasty and Ocean product lines, prompting several competitors to follow suit.Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 7,800 insurance registrations last week, up 14.71 percent from the previous week's 6,800 units.Xiaomi's EV unit, Xiaomi EV, delivered over 28,000 units in May, as announced on June 1.Xiaomi unveiled the YU7 SUV (sport utility vehicle) on May 22, with an official launch scheduled for July.Yesterday, Xiaomi founder, chairman, and CEO Lei Jun said that the company's EV business is expected to turn profitable in the second half of 2025.The Zeekr (NYSE: ZK) brand recorded 4,100 insurance registrations last week, up 13.89 percent from the previous week's 3,600 units.The Zeekr brand delivered 18,908 vehicles in May, representing a year-on-year increase of 1.57 percent and a month-on-month increase of 37.74 percent.Including deliveries from Lynk & Co, Zeekr Group delivered 46,538 vehicles in May, up 12.64 percent from 41,316 in April, marking the third consecutive month of month-on-month growth.Leapmotor (HKG: 9863) had 8,400 vehicles for insurance last week, up 16.67 percent from 7,200 the previous week.It delivered 45,067 vehicles in May, surpassing the previous record of 42,517 set in December 2024.This represents a 148.10 percent increase from the 18,165 units in the same period last year and a 9.82 percent increase from the 41,039 units in April.Aito -- the brand jointly developed by Huawei and Seres Group -- saw insurance registrations of 10,200 units last week, a 15.91 percent increase from the previous week's 8,800 units.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1113169422","isCrawlerRequest":true}