China EV Insurance Registrations for Week Ending Dec 15: Nio 4,400, Tesla 18,500, Xiaomi 5,800, BYD 97,800

CnEVPost12-17

Most of the major electric vehicle (EV) makers saw insurance registrations in China rise last week, as a weak phase at the beginning of the month passed.For the week of December 9 to December 15, Nio ...

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class=\"meta\">\n\n\n2024-12-17 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/12/17/china-ev-insurance-registrations-week-ending-dec-15-2024/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Most of the major electric vehicle (EV) makers saw insurance registrations in China rise last week, as a weak phase at the beginning of the month passed.For the week of December 9 to December 15, Nio ...</p>\n\n<a href=\"https://cnevpost.com/2024/12/17/china-ev-insurance-registrations-week-ending-dec-15-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2326559502.SGD","symbol_name":"Natixis Loomis Sayles US Growth Equity P/A 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passed.For the week of December 9 to December 15, Nio branded vehicles saw insurance registrations of 4,400 units in China, up 18.92 percent from 3,700 in the previous week, according to data shared today by Li Auto.Li Auto stopped sharing weekly insurance registrations earlier this year, and after about a year of doing so. It resumed sharing those numbers in the form of weekly rankings in early May.The figures Li Auto shares are by brand, excluding sales of sub-brand Onvo in Nio's case.Onvo failed to make the list shared by Li Auto as before, but according to figures shared by several car bloggers on Weibo, the Nio sub-brand had 1,700 insurance registrations last week, up 18.88 percent from 1,430 in the previous week.Onvo launched its first model, the L60, on September 19, with deliveries beginning on September 28.Nio Inc delivered 20,575 vehicles in November, including 15,493 under the Nio main brand and 5,082 under Onvo.The company guided last month that fourth-quarter vehicle deliveries would be in the range of 72,000 to 75,000, meaning that it was expecting to deliver at least 30,449 vehicles in December.Responding to a question from CnEVPost in a media meetup on December 12, Nio founder, chairman, and CEO William Li said the company is confident it would meet its fourth-quarter deliveries guidance, with deliveries of more than 30,000 units in December.Li Auto had 14,100 insurance registrations last week, up 11.90 percent from 12,600 the week before, according to figures shared by the company.The company delivered 48,740 vehicles in November, up 18.79 percent from 41,030 in the same month last year, but down 5.25 percent from 51,443 in October, marking the second consecutive sequential decline.Li Auto on October 31 guided for fourth-quarter vehicle deliveries between 160,000 and 170,000 units, implying year-on-year growth of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles delivered in the third quarter.If Li Auto is to meet that guidance, it will need to deliver at least 59,817 vehicles in December.Xpeng had 7,200 insurance registrations last week, up 2.86 percent from 7,000 the week before.The company delivered 30,895 vehicles in November, marking the first time it has surpassed the 30,000 mark and the third consecutive month of record highs.Xpeng had previously guided for fourth-quarter vehicle deliveries in the range of 87,000 to 91,000, meaning it was expecting to deliver at least 32,188 vehicles in December.The company said on December 11 that cumulative deliveries of its new model, the P7+ electric sedan, topped 10,000 units, about four weeks after the model's launch.Yesterday, Xpeng said cumulative deliveries of the Mona M03 electric sedan, which went on sale on August 27, exceeded 40,000 units.Tesla had 18,500 insurance registrations in China last week, down 15.53 percent from 21,900 the previous week.Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.Tesla China sold 78,856 vehicles in November, including 5,366 for export, data from the China Passenger Car Association (CPCA) showed.The US electric vehicle (EV) maker sold 73,490 vehicles in China in November, its highest month of the year, CnEVPost's calculations show. That's up 12.19 percent from 65,504 vehicles in the same month last year and up 81.52 percent from 40,485 in October.Tesla announced on November 25 that Chinese customers who order and pick up two lower-priced variants of the Model Y between November 25 and December 31 can receive a RMB 10,000 ($1,380) reduction on their final payment.At the same time, the company in China further extended the five-year, 0 percent interest financing incentive applicable to all variants of the Model 3 and Model Y until December 31. The incentive was originally set to expire on November 30.Tesla launched Actually Smart Summon (ASS) in China on December 13, after the feature became available in the US, Europe, and the Middle East.BYD had 97,800 insurance registrations last week, up 15.06 percent from 85,000 the week before.The company sold 506,804 new energy-vehicles (NEVs) in November, marking the second time it has surpassed the 500,000 mark and the sixth consecutive month of record highs.In the January-November period, BYD's NEV sales amounted to 3,757,336 units, a year-on-year increase of 40.02 percent.On December 13, BYD chief scientist Lian Yubo said the company's annual sales in 2024 are expected to reach 4.25 million units.Also on December 13, BYD's plant in Xi'an, Shaanxi province in northwestern China reached its goal of producing 1 million vehicles for the year, the first time its largest vehicle assembly plant has seen annual sales exceed that mark.Xiaomi saw 5,800 insurance registrations last week, up 7.41 percent from 5,400 the week before.It said on December 1 that Xiaomi SU7 deliveries continued to exceed 20,000 units in November, marking the second consecutive month above the 20,000 mark.Xiaomi EV is confident of reaching its new delivery target of over 130,000 units for the year, it said.Xiaomi announced on December 9 that its second EV model has been named the Xiaomi YU7, and that the SUV (sport utility vehicle) is expected to be launched in June or July next year.Zeekr had 5,200 insurance registrations last week, down 3.70 percent from 5,400 the week before.The company delivered 27,011 vehicles in November, its third consecutive month of record highs. This is up 106.13 percent from 13,104 vehicles in the same period last year and 7.83 percent from 25,049 in October.In the January-November period, Zeekr delivered 194,933 vehicles, an increase of 85.28 percent year-on-year.The company is targeting full-year deliveries of 230,000 vehicles in 2024, meaning that December deliveries would need to reach 35,067 vehicles to meet that target.Leapmotor (HKG: 9863) saw insurance registrations of 10,000 vehicles last week, up 17.65 percent from 8,500 the week before.It delivered 40,169 vehicles in November, marking the first time monthly deliveries have topped the 40,000 mark and the 6th consecutive month of record highs.This is an increase of 117.04 percent from 18,508 vehicles in the same period last year and up 5.22 percent from 38,177 in October.From January to November, Leapmotor delivered 251,207 vehicles, up 100.11 percent year-on-year and ahead of its full-year sales target.In 2025, Leapmotor would challenge a 500,000 annual sales target, the company said on December 1, repeating a previously mentioned goal.Aito -- a brand jointly created by Huawei and Seres Group -- had 6,700 insurance registrations last week, up 11.67 percent from 6,000 the week before.","kind":"highlight","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},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":9,"commentSize":0,"repostSize":1,"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/2492604999"}