In the last week of July, the Chinese EV market was heavily up, with Stellantis-backed Leapmotor and Deepal being exceptions. Xiaomi insurance registrations were 160% up compared with the week before, Nio was about 20% up, Tesla 30% up, and BYD 5% up.
The week 30 (W30) was between July 22 – 28. The week 30 of the previous year used for comparison was between July 24 – 30, 2023.
The weekly sales are published by Li Auto, and despite Li’s not explicitly saying it, they are based on insurance registration data. The numbers are rounded and present new energy vehicles (NEV) sales, 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. The data only shows passenger vehicles (PVs).
Many automakers are not happy about it, as it shows independent data about how many cars received insurance registration that week in China, providing additional metrics to the self-reported monthly sales data that automakers publish themselves following the audit.
Overall data
446,000 cars were insured in China in week 30, down 4.1% from the previous year, but 11.5% up from the previous month.
Of it, a record-breaking 213,000 cars were electric vehicles, 34.8% up from the previous year and a 9.2% increase from the previous month. It is the first time weekly registrations of NEV broke 210,000 units.
ICE vehicle insurances were down 24.1% from the previous year to 233,000 units in the last week of July.
The electric vehicle penetration rate was 47.76%, up 13.8% from last year. In the first four weeks of July, the average EV penetration rate was 49.2%.
Brands
BYD was first, with 70,600 vehicle registrations, up 5.85% from 66,700 units the week before and 45,87% from 48,400 units in the same week last year. In the first four weeks of July, between July 1 and 28, BYD registered 257,900 electric cars in China.
Tesla followed with 13,500 vehicle registrations, showing a significant increase of 28.57% from the previous week’s 10,500 units, and a 27.36% rise from the 10,600 units registered in the same week last year. Over the first four weeks of July, Tesla registered 41,900 electric cars in China.
Li Auto recorded 12,800 vehicle registrations, marking a 17.43% increase from the 10,900 units registered the previous week, and a substantial 62.03% rise from the 7,900 units in the same week last year. Over the first four weeks of July, Li Auto’s registrations totaled 43,000.
Huawei’s Aito registered 10,500 vehicles, an increase of 12.90% from 9,300 units last week, and a massive 854.55% jump from just 1,100 units in the same period last year. Over the first four weeks of July, the total registrations amounted to 37,100.
Wuling saw registrations of 9,900 vehicles, up 16.47% from 8,500 units the week prior. Over the first four weeks of July, Wuling’s total registrations were 32,900.
GAC Aion reported 7,200 registrations, a 4.35% increase from 6,900 units last week. Over the first four weeks of July, GAC Aion registered 28,000 vehicles.
Nio had 5,400 vehicle registrations, up 17.39% from 4,600 units the previous week and exactly the same as 5,400 units registered in the same week last year. Over the first four weeks of July, Nio’s registrations totaled 18,700.
Leapmotor registered 4,700 vehicles, a decrease of 4.08% from 4,900 units the previous week. Compared to 3,300 units in the same week last year, this is an increase of 42.42%. Over the first four weeks of July, total registrations for Leapmotor were 17,900.
Volkswagen saw registrations of 4,300 electric vehicles, which is a 13.16% increase from 3,800 units the week before.
Xiaomi had an impressive increase in registrations to 3,900 vehicles, a significant 160% jump from just 1,500 units last week. Over the first four weeks of July, Xiaomi’s total registrations amounted to 11,400.
Zeekr reported 3,300 vehicle registrations, a 10% increase from 3,000 units last week, and a 13.79% rise from 2,900 units in the same week last year. Over the first four weeks of July, total registrations for Zeekr were 13,400.
Deepal registered 2,800 vehicles, down 22.22% from 3,600 units last week, and a decrease of 20% from 3,500 units in the same week last year. Over the first four weeks of July, Deepal’s registrations totaled 13,100.
Xpeng had 2,400 vehicle registrations, an increase of 26.32% from 1,900 units last week but a decrease of 36.84% from 3,800 units in the same week last year. Over the first four weeks of July, Xpeng’s total registrations were 7,800.
BYD’s Denza reported 2,200 registrations, up 4.76% from 2,100 units last week and a 12% decrease from 2,500 units in the same week last year. Over the first four weeks of July, Denza’s total registrations were 7,900.
