China EV Insurance Registrations for Week Ending Oct 27: Nio 4,200, Tesla 10,500, Xiaomi 5,700, BYD 95,600

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Li Auto had 11,300 insurance registrations last week, Xpeng 5,600, Zeekr 5,100, Leapmotor 8,500 and Aito 8,700.Major electric vehicle (EV) makers saw mixed insurance registrations in China last week....

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registrations last week, Xpeng 5,600, Zeekr 5,100, Leapmotor 8,500 and Aito 8,700.Major electric vehicle (EV) makers saw mixed insurance registrations in China last week.For the week of October 21-27, Nio (NYSE: NIO) branded vehicles saw 4,200 insurance registrations in China, up 7.69 percent from 3,900 in the previous week, 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 numbers in the form of weekly rankings.The numbers Li Auto shares are by brand, which in Nio's case excludes sales of sub-brand Onvo.Onvo launched its first model, the L60, on September 19, and deliveries began on September 28.Nio Inc delivered 21,181 vehicles in September, its fifth consecutive month of deliveries above the 20,000 mark, including 20,349 for the main Nio brand and 832 for Onvo.On October 11, the Nio brand saw the milestone of its 600,000th production vehicle delivery.Li Auto had 11,300 insurance registrations last week, down 6.61 percent from 12,100 the week before, according to figures shared by the company.It delivered a record 53,709 vehicles in September, surpassing the previous record of 51,000 in July.That's up 48.94 percent year-on-year and up 11.61 percent from 48,122 in August.On October 18, Li Auto announced it saw its one millionth vehicle delivery, 58 months after its first car delivery.Li Auto will report unaudited financial results for the third quarter of 2024 on Thursday, October 31, before the US markets open. It achieved a record 152,831 deliveries in the third quarter, which lies within the guidance range of 145,000 to 155,000 units.Xpeng (NYSE: XPEV) saw insurance registrations of 5,600 units last week, up 24.44 percent from 4,500 the week before.The EV maker delivered 21,352 vehicles in September, up 39.46 percent year-on-year and up 52.12 percent from August.Xpeng's new model, the Mona M03, delivered more than 10,000 units in its first full delivery month, the company said on October 1, without disclosing specific numbers.Xpeng announced the start of pre-sales of its new flagship electric sedan, the P7+, in China on October 14 on the first day of the Paris auto show, with a starting price of RMB 209,800 ($29,600).Just one hour and 48 minutes after P7+ pre-sales began, orders had surpassed 30,000 units, the company announced later on October 14.On October 18, Xpeng said it saw the first production cars of the P7+ roll off the production line at its manufacturing facility in Guangzhou.In an October 16 research note, Deutsche Bank analyst Wang Bin's team projected average monthly sales of 6,000 units for the Xpeng P7+.Xpeng last week announced the launch of two SUV (sport utility vehicle) models, the G6 and G9, in the UAE with local partner Ali & Sons Holding LLC.The company will hold this year's Tech Day event on November 6, a change from its regular practice of holding the event on October 24 each year for the past five years.Tesla (NASDAQ: TSLA) had 10,500 insurance registrations in China last week, down 20.45 percent from 13,200 the week before.Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, delivering both to local customers and serving as an export hub for it.The US EV maker sold 72,200 vehicles in China in September, beating August's 63,456 to a year-to-date high, according to data released by the China Passenger Car Association (CPCA).Including 16,121 units exported, Tesla China sold 88,321 China-made vehicles in September.Tesla on October 27 extended its 5-year, 0 percent interest loan in China until November 30, further continuing this purchase incentive that began in April.Earlier today, the delivery wait time in China for the Model 3 was shortened to 2-4 weeks from 4-6 weeks previously, while the delivery wait time for the Model Y remained at 1-3 weeks.BYD (HKG: 1211, OTCMKTS: BYDDY) had 95,600 insurance registrations last week, up 6.70 percent from 89,600 the week before.The company sold a record 419,426 NEVs in September, the fourth consecutive month of record highs.That's up 45.91 percent from 287,454 in the same month last year and up 12.42 percent from 373,083 in August.BYD's retail sales of NEVs in China in September were 386,749 vehicles, continuing to rank No. 1 in the domestic passenger car NEV market with a 34.4 percent share, according to data released on October 14 by the CPCA.The company launched a new model, the Seal 06 GT hatchback, in China on October 18 to cater to the preferences of the younger demographic.On October 25, BYD launched the 2025 Tang DM-i, upgrading the SUV to its latest DM 5.0 hybrid system.Xiaomi (HKG: 1810, OTCMKTS: XIACY) saw 5,700 insurance registrations last week, up 1.79 percent from 5,600 the week before, marking its third consecutive week of record highs.Xiaomi's first EV model, the SU7, delivered more than 10,000 units in September, the phone maker's EV arm, Xiaomi EV, announced on October 1.As it has done for the past three months, Xiaomi EV did not release specific figures for SU7 monthly deliveries.Xiaomi EV aims to produce and deliver more than 20,000 vehicles in October, it said on October 1.Xiaomi is expected to unveil the production version of the SU7 Ultra later today, a performance car variant of the SU7 that could sell for several times the price of the regular version.Zeekr (NYSE: ZK) had 5,100 insurance registrations last week, down 1.92 percent from 5,200 the week before.The EV maker delivered a record 21,333 vehicles in September, surpassing June's previous record of 20,106 vehicles. That's up 76.99 percent year-on-year and up 18.42 percent from August.Zeekr launched the Zeekr 7X electric SUV, its second model for the mainstream EV market, on September 20, with deliveries beginning on September 21.The company announced on October 18 that cumulative vehicle deliveries exceeded 350,000 units.Zeekr launched a new model, the Zeekr Mix 5-seater, on October 23, another foray into uncharted waters after its first model, the Zeekr 001 shooting brake.Leapmotor (HKG: 9863) had insurance registrations of 8,500 units last week, up 6.25 percent from 8,000 the week before.It delivered 33,767 vehicles in September, marking the second consecutive month of more than 30,000 units and the fourth consecutive record month.That's up 113.72 percent from 15,800 in the same month last year and up 11 percent from 30,305 in August.Leapmotor gave the B10 its debut at the Paris auto show on October 14, and the compact SUV, the first globalized model of its new B platform, will go on sale next year.On October 17, the company announced that it saw its 500,000th production vehicle roll off the line.Aito -- a brand jointly created by Huawei and Seres Group -- saw insurance registrations of 8,700 vehicles last week, unchanged from the previous week.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":9,"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":"4.29.3","shortVersion":"4.29.3","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/2479417506"}