Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
In the latest report from the new energy vehicle (NEV) sector released this Tuesday, Li Auto, recognized for its fully electric model Li Mega and four hybrids, secured 7,160 units, surpassing Tesla’s 6,212 fully electric vehicles.
Meanwhile, China’s prominent BYD registered 50,882 electrified vehicles, marking an increase from the 45,216 units recorded in the first week of April. It’s worth noting that weekly comparisons can be misleading as China observed a three-day holiday in the first week of April.
In the second week of April, passenger car sales totaled 310,000 units, with traditional vehicles accounting for 164,000 units and new energy vehicles comprising 146,000 units. The penetration rate for new energy vehicles during this period was 47%.
Tesla, which recently announced that is introducing a limited-time offer of 0% interest loans as a fresh incentive strategy in China, registered six thousand units, a quarterly decline of 19.1 percent, and a year-over-year decline of 52 percent.
“About every 5 years, we need to reorganize and streamline the company for the next phase of growth.” These were the initial remarks made by Tesla‘s CEO following the announcement of the departure of two vice presidents and a workforce reduction of over 10 percent on Monday.
The world’s largest EV maker issued an email to all employees announcing a >10% reduction in its global staff representing more than 14,000 employees.
| Automaker | Units (April 1 – 7)* | Units (April 8 – 14) |
|---|---|---|
| BYD (NEVs) | 45,216 | 50,882 |
| Li Auto (NEVs) | 5,626 | 7,160 |
| Aito | 4,189 | 4,900 |
| Leapmotor | 3,247 | 3,976 |
| Aion | — | 5,600 |
| Changan | — | 3,400 |
| Zeekr | 3,200 | 2,677 |
| Nio | 2,139 | 2,529 |
| Tesla | 1,907 | 6,212 |
| Xpeng | 1,230 | 1,500 |
| Xiaomi | 1,093 | 2,394 |
NEVER MISS AN UPDATE
Shanghai-based EV manufacturer Nio recorded 2,529 units, marking a 19 percent increase from the previous week but still falling short of its best performance this year, which saw 3,600 units sold twice. The company has now 4,600 cars insured in China between April 1st and 14th.
As reported exclusively by EV on April 9th, the brand will unveil the 2024 version of its flagship sedan at the upcoming Auto Show. The EV manufacturer will showcase its entire 2024 model lineup with particular attention drawn to the 2024 ET7. Furthermore, the 2024 versions of the smaller sedan ET5 and the flagship 5-seater SUV ES7 (EL7 in Europe) will be presented for the first time too.
Xpeng rebounded from the previous week, registering 1,500 units (up from 1,200), yet challenges persist as April deliveries are anticipated to remain below 7,000 vehicles.
A couple of days after announcing the expansion to Spain and Portugal, the Chinese EV brand Xpeng revealed last week that signed a dealer partnership with Sime Darby Motors in Hong Kong and with Xin Kang Heng Holding in Macau.
As Xiaomi, initially recognized for smartphones, embarks on automotive manufacturing, it registered 2,394 units in its first complete week of production. In the first four days, Xiaomi garnered 1,093 units.
The SU7, marking Xiaomi‘s entry into the automotive sector, was officially unveiled on March 28th with the starting of the production on April 3rd.
Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
