Smart and Sustainable Electric Mobility
While demand for Li Auto's vehicles remains robust, investor concerns about competition have increased, particularly around Huawei-backed Aito, said Deutsche Bank analyst Edison Yu's team.
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With 63,965 units sold in October, the Song family continues to rank as the top-selling BYD model, up 1.79 percent from September.
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BYD sold a record 30,521 NEVs overseas in October, up 220.3 percent year-on-year and up 8.85 percent from September.
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Nio delivered 16,074 vehicles in October, up 2.77 percent from September and up 59.8 percent year-on-year.
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Li Auto delivered 40,422 vehicles in October, marking the first time it has surpassed the 40,000 mark and the seventh consecutive record high.
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Xpeng delivered a record 20,002 vehicles in October, an increase of 292.12 percent year-on-year and 30.65 percent from September.
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Leapmotor's founding team has pledged not to transfer or reduce their stake in the company in any way over the next 10 years.
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The Song L is the second shooting brake-style SUV under the BYD umbrella, with the NEV maker's premium Denza brand's Denza N7 being the group's first such model.
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BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter.
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Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.
The post China EV insurance registrations for week ending Oct 29: Nio 4,600, Xpeng 5,800, Li Auto 10,000, Tesla 10,800 appeared first on CnEVPost.
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