China EV registrations in W22: Xiaomi 2,200, Nio 6,700, Tesla 15,200, BYD 53,400

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Xiaomi’s weekly sales were down about 20% compared with the week before, BYD was down 3%, Nio was up nearly 25%, and Tesla rose 16% in the 22nd week of the year (May 27 – June 2).

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Li Auto publishes the weekly sales data, which resumed publishing registration data after a few weeks without any official explanation. The numbers are rounded and present new energy vehicles (NEV), the Chinese term for BEVs, PHEVs, and EREVs (range extenders). To be completely precise, it also includes hydrogen vehicles (FCEVs), but their sales are almost non-existent in China.

BYD took the first spot, registering 53,400 vehicles, down 2.91% from 55,000 units the week before. Last month, in May, BYD delivered 330,488 vehicles in China.

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Tesla acquired the second spot in China, with 15,200 registered EVs, up 16,03% from 13,100 in the previous week and up 52,15% from 9,990 EVs in the same week last year. Week 22 last year was May 29 – June 4.

Wuling secured third place with 8,800 units, a 3.53% increase from 8,500 units in the previous week. In May, Wuling delivered 44,611 vehicles in China.

Li Auto registered 8,400 units, a slight dip of 2.33% from 8,600 the previous week. Last month, in May, Li Auto delivered 35,020 vehicles in China.

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GAC Aion registered 7,500 EVs, a decline of 5.06% from 7,900 the previous week. Last month, GAC Aion delivered 40,073 vehicles in China.

Huawei’s Aito registered 7,000 units, up 7.69% from 6,500 the previous week and 483% up from 1,200 last year. Last month, Aito delivered 32,973 vehicles in China.

Nio broke its weekly record and registered 6,700 EVs, up 24,07% from 5,400 units the previous week and 458% up from 1,200 EVs last year. Last month, in May, Nio delivered 20,544 EVs in China, breaking its monthly record.

Leapmotor registered 4,300 EVs, a moderate increase of 4.88% from the previous week’s 4,100 units, up 72% from 2,500 units last year. In May, Leapmotor delivered 18,165 vehicles in China.

Zeekr experienced a slight decline with 4,200 units, down 8.70% from 4,600 the previous week and 180% up from 1,500 units last year. Zeekr delivered 18,616 vehicles in China in May.

Deepal recorded 2,700 registered EVs, an increase of 17.39% from the 2,300 units the previous week and up 107.69% from 1,300 units last year. In May, Deepal delivered 14,371 vehicles in China.

Xpeng witnessed a significant increase with 2,500 units, up 31.58% from the 1,900 units the previous week and 66,67% up from 1,500 units the last year. In May, Xpeng delivered 10,146 vehicles in China.

Denza achieved 2,500 units, showing a moderate increase of 8.70% from the 2,300 units the previous week and 4.17% growth from the 2,400 units in the prior year. Last month, Denza delivered 12,223 vehicles in China.

Xiaomi faced a decline with 2,200 units, down 18.52% from 2,700 EVs in the previous week. Last month, Xiaomi delivered 8,630 vehicles in China.

Car market situation in China in week 22

Regarding the overall passenger vehicle (PV) market in China in week 22, we saw a surge in weekly sales for the third time since the Chinese New Year, surpassing the 400,000-unit average mark.

Overall sales reached 412,600 PV, marking a year-on-year increase of 4.2% and a week-on-week increase of 12.7%. Conventional internal combustion engine (ICE) vehicle sales experienced a slight decline compared with the previous year at 220,900 units but increased 20.1% from the week before.

Sales of new energy vehicles (NEV) soared to 191,700 units, marking a significant year-on-year increase of 39.9% and a modest week-on-week growth of 5.3%. The NEV penetration rate also rose to 46.46%, which is 11.87% more than in the same period last year.

Regarding cumulative performance for the year (weeks 1 -22 or about five months), the penetration rate of NEVs has surpassed the 40% mark. Overall sales for the first 22 weeks of the year have reached 8.1 million NEVs, indicating a year-on-year growth of 7.13%. While ICE vehicle sales rose 7.21% to 4.8 million units, the surge in NEV sales was more pronounced, reaching 3.2 million units, a year-on-year increase of 39.03%.

The cumulative penetration rate of NEVs from the first 22 weeks of 2024 stands at 40.26%, representing a 9.24% increase from last year.

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