Written by Cláudio Afonso | LinkedIn | X
China’s weekly insurance registrations were released on Tuesday revealing that BYD reached a new record of 87,800 new energy vehicles (NEVs) insured — up 12% from the previous week. The figures cover the period between August 19 to 25 with the NEV penetration rate in China surpassing the 50% milestone again.
The Shenzhen-based company secured its fifth consecutive week with over 70,000 units insured and the first one ever surpassing 80,000 vehicles.
Tesla followed with 14,200 units — a slight decline of 100 vehicles week over week — as the company extends the 0% interest loan program by another month until the end of the third quarter.
From the 14,200 vehicles insured by Tesla last week, 4,400 were Model 3 while 7,800 were the Model Y SUV, the world’s best selling vehicle.
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The registrations from the NEV maker Li Auto rebounded to 11,600 units, up from 10,700 in the previous week. Both BYD and Li Auto set new monthly sales records in July.
BYD delivered 342,383 new energy vehicles (NEVs) last month, up 30% year-over-year (YoY) and surpassing its previous record of 341,658 NEVs. The company also delivered 130,000 battery electric vehicles (BEVs) during the month.
Li Auto delivered 51,000 NEVs in July, achieving a 49.4% year over year growth. Year-to-date deliveries for the Beijing-based company reached 239,981 units.
After two weeks in a row registering 3,300 vehicles, the Shanghai-based EV maker Nio saw its insured units raising by 39.4% to 4,600 units. The company will host the launch event of its first sub-brand Onvo on September 19 with the first deliveries starting “one week later”.
Xpeng registrations increased 22% week over week from 2,300 to 2,800 vehicles, marking the second consecutive week of growth. The EV maker will launch later today Mona M03, its cheapest model ever targeting a younger audience with a starting price expected at about $21,000 USD.
Written by Cláudio Afonso | LinkedIn | X
