Category: China

NIO website shows countdown as ET5 Touring launch less than 8 hours away

Deliveries of the ET5 Touring in China will begin tomorrow, and management expects the model to enhance its competitiveness in the premium family car market.

NIO (NYSE: NIO) will hold a launch event for the ET5 Touring starting today at 19:00 Beijing time (7:00 am US Eastern time), and its official website is showing a countdown.

As of press time, the launch of the NIO ET5 Touring in China, themed "Journey Ahead," has 7 hours and 43 minutes to go. The delivery of the model in China will officially start tomorrow.

NIO's English website is also showing a countdown to the European launch event with the theme "Inspired By Life", which will start in 13 hours and 43 minutes.

The ET5 Touring will be the first NIO model to be launched at a global launch event. The company will hold the European launch of the model on June 16 at 1:00 am Beijing time (June 15 at 1:00 pm US Eastern time).

The ET5 Touring launch will be an event across six countries, NIO announced on June 10, when a post on the NIO App hinted that the model would be released to consumers in China, Norway, Sweden, Denmark, the Netherlands, and Germany.

Below is a video posted today by the NIO App of the ET5 Touring on a track drive in Germany.

 

NIO began accepting pre-orders for the ET5 Touring in China on June 10, although the model's specifications and price have not yet been announced.

For the ET5 Touring, many expect that its starting price in China, including the battery, will likely be 10,000 yuan ($1,400) to 20,000 yuan higher than that of the regular ET5.

NIO lowered the starting prices for all models by RMB 30,000 on June 12 and made the battery swap service, which was previously free several times a month, a paid option.

Under the latest pricing system, the starting price for the regular ET5, including the battery, is reduced to RMB 298,000. If consumers choose to lease the battery using the BaaS (battery as a service) program, then the starting price of the vehicle is RMB 228,000.

On March 9, the Chinese Ministry of Industry and Information Technology (MIIT) announced the latest batch of models that will be allowed to be sold in China, and the NIO ET5 Touring was included in the list.

The model has a length, width and height of 4,790 mm, 1,960 mm and 1,499 mm respectively, and a wheelbase of 2,888 mm, in line with the ET5 sedan, according to the filing information.

It is equipped with dual motors produced by NIO's electric drive systems division in Hefei, Anhui province, with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.

As with several other NIO models based on the NT 2.0 platform, the NIO ET5 Touring supports the option of a retractable electric tow hook, which can tow a maximum of 1,400 kg of caravan weight.

The model's battery supplier includes CALB in addition to , as do the new EC6, EC7, new ES8 and new ES6.

The ET5 Touring can meet the diverse use scenarios of individual and family users, greatly enhancing the company's competitiveness in the high-end family car market, William Li, founder, chairman and CEO of NIO, said during a June 9 analyst call following the company's first-quarter earnings announcement.

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Store visit: First impression of NIO ET5 Touring before official launch

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XPeng rolls out Tesla FSD-like assisted driving feature in Beijing

City NGP feature is expected to cover dozens of additional cities within the year, said.

(Image credit: CnEVPost)

XPeng's (NYSE: XPEV) Advanced Driver Assistance System (ADAS) similar to 's FSD (Full Self-Driving) is now available in Beijing, making the company the first to launch the feature in the Chinese capital city.

The XPeng feature, called City NGP (Navigation Guided Pilot), is open in Beijing for users participating in a public test and is currently available on Beijing's ring roads and major highways, according to a press release today.

In addition to public test users, the feature will soon be available for general users of the Max version of XPeng's flagship G9 and P7i with the Xmart OS 4.3.0 system update, it said.

XPeng P5's P-version models will also be able to use the City NGP feature in Beijing after upgrading to Xmart OS 3.5.0, according to the company.

 

City NGP is an ADAS feature similar to Tesla's FSD, which allows the vehicle to perform driving tasks when it is activated and navigation destinations are set.

This includes cruising at a safe distance from the vehicle ahead, changing lanes due to navigation or vehicle overtaking decisions, handling merging and lane splitting, and going around stationary vehicles or obstacles.

On September 17, 2022, the City NGP feature became available on a pilot basis in Guangzhou, where XPeng is headquartered. One month later, XPeng officially opened the feature to all eligible P5 cars in Guangzhou on October 21.

When XPeng launched its flagship SUV, the G9, on September 21, 2022, it said the model would feature a second-generation assisted driving system called XNGP.

XNGP is a full-scenario assisted driving system, and XPeng aims to have it provide driving assistance in all scenarios including highways, city roads, internal campus roads, and parking lots.

On October 24, 2022, XPeng said at its annual Tech Day event that XNGP for G9 Max will enable support for City NGP in Guangzhou, Shenzhen and Shanghai in the first half of 2023.

On March 31 of this year, XPeng announced that XNGP achieved the first phase of capability, covering the G9 Max and P7i Max versions, to gain City NGP capability in Shanghai, Shenzhen and Guangzhou, three cities with high precision map coverage.

Phase 2 of XNGP, which XPeng will launch in the second half of 2023, will see full lane-changing, overtaking and left/right turn capabilities extended to major Chinese cities without high-precision maps, while full-scenario ADAS is planned for 2024, the company said at the time.

When the full rollout of the XNGP system is completed in 2024, it will enable full-scenario ADAS from start to stop, the company said.

Based on XNGP's ability to iterate quickly, the improved capabilities of City NGP brought by the Xmart OS 4.3.0 upgrade will allow vehicles to handle tasks including lane changes, detours and following vehicles with greater ease, XPeng said today.

(Image credit: XPeng)

City NGP under the XNGP system has powerful AI learning capabilities that will allow driving skills to improve faster and also allow it to cover more cities at a faster pace, according to XPeng.

In addition to Beijing, Shanghai, Guangzhou and Shenzhen, the City NGP feature is expected to cover dozens of additional cities within the year, XPeng said.

The latest XNGP will also bring next-generation Highway NGP capabilities that perform closer to L4 assisted driving, with almost 0 takeover in highway scenarios, the company said.

City NGP has gained the equivalent of one year of driving experience for human drivers on average each quarter since its launch in October 2022, XPeng said.

In the second half of 2023, XPeng will gradually release ADAS features for Chinese cities or urban areas without HD map coverage, it said, adding that it also plans to offer customized NGP features for daily commutes across the country.

These initiatives will cater to a wider range of driving scenarios and provide users with a more intelligent driving experience in a variety of environments, XPeng said.

XPeng is seen as one of the strongest in China in terms of assisted driving capabilities, though its local counterparts are also making rapid progress on their own.

's similar feature is called NOP (Navigate on Pilot), though it doesn't yet cover urban areas. The company began allowing owners of all its NT 2.0 platform vehicles to apply for a trial of an improved version of the system, NOP+ Beta, on February 20.

NOP+ Beta covers 95 percent of China's core highways and urban fast roads, and offers significant improvements in safety and comfort of experience in scenarios including following, lane changing and overtaking, and ramp passing, NIO said on April 10.

NOP+ will gradually switch and upgrade to BEV architecture in 2023, and the hardware capability and algorithm architecture will help NOP+ cover more road scenarios, the company said at the time.

In addition, starting in the second half of 2023, the feature will support pilot navigation to battery swap stations along highways and automatic replacement of fully charged batteries, according to NIO.

NIO's assisted driving software covering urban areas is called NAD (NIO Autonomous Driving), and the system is not yet available.

(NASDAQ: LI) unveiled its latest generation of assisted driving system, AD Max 3.0, on the first day of the Shanghai auto show on April 18. The system's all-scenario Navigation on ADAS (NOA) will kick off internal testing this quarter and will cover more than 100 cities by the end of the year, Li Auto said at the time.

XPeng says G6 gets over 25,000 orders 72 hours after pre-sale starts

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China NEV retail sales in Jun 1-11 at 160,000, down 4% from same period last month, CPCA data show

From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month.

(Image credit: CnEVPost)

The Chinese passenger car market was weak in the first two weeks of June, while the new energy vehicle (NEV) market performed slightly better.

From June 1 to June 11, retail sales of passenger NEVs in China were 160,000 units, up 18 percent year-on-year but down 4 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).

So far this year, China's retail sales of passenger NEVs were 2,581,000 units, up 39 percent year-on-year.

From June 1 to June 11, wholesale sales of passenger NEVs in China were 144,000 units, up 18 percent year-on-year and up 3 percent from the same period last month, according to the CPCA.

Wholesale sales of passenger NEVs so far this year were 2,927,000 units, up 45 percent year-on-year.

From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month, the CPCA said.

So far this year, cumulative retail sales of passenger cars in China were up 3 percent year-on-year to 8.057 million units.

This means that from June 1 to June 11, the penetration of NEVs at retail in China was 37.6 percent, and 32.03 percent so far this year.

In the first week of June -- June 1-4 -- the average daily retail sales of passenger cars in China were 31,000 units, down 9 percent from a year ago and 42 percent lower than the same period last month.

In the second week of June -- June 5 to 11- - average daily retail sales of passenger cars were 43,000 units, down 10 percent year-on-year and down 14 percent compared to the same period in May.

The decline in sales in early June was mainly due to a high base from last year brought about by stimulus policies.

On May 31, 2022, China announced a 50 percent reduction in vehicle purchase tax for passenger vehicles of 2.0 liter and below displacement with a purchase date between June 1, 2022 and December 31, 2022 and with a vehicle price not exceeding RMB 300,000 ($ 41,900).

Before the policy took effect, China's purchase tax rate for internal combustion engine (ICE) vehicles was 10 percent, while the purchase of NEVs was exempt from purchase tax.

The stimulus policy left car sales high at the beginning of June last year, while the same period this year was a normal sales time, so a decline in sales is natural, the CPCA said today.

The CPCA did not release sales figures for specific car companies, but shared some numbers yesterday.

Li Auto sold 11,900 units from June 1 to June 11, figures shared yesterday by the extended-range electric vehicle (EREV) showed. The company did not specify, though the figures are based on vehicle insurance registrations.

(NASDAQ: TSLA) sold 26,000 units in China from June 1-11, while (NYSE: NIO) had 2,800 and (NYSE: XPEV) had 2,200, according to Li Auto.

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Data table: China auto sales in 1st 2 weeks of Jun

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Tesla, NIO to take part in Shenzhen auto show starting Jun 16

This will be 's first presence at an auto show in China since April 2021, and will exhibit the ET5 Touring at the event and will hold a brief press conference on June 16.

(Image shows NIO's booth at the Shanghai auto show in April 2023. Credit: CnEVPost)

The southern Chinese city of Shenzhen will host an auto show starting this Friday, with Tesla (NASDAQ: TSLA) and new Chinese carmakers including NIO (NYSE: NIO) participating.

The 2023 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show (Auto Shenzhen 2023) will be held at the Shenzhen Convention and Exhibition Center starting June 16, where Tesla is one of the main exhibitors, according to information released today by the show's organizers.

This will be Tesla's first participation in an auto show in China since the Shanghai auto show in April 2021.

On April 19, 2021, on the first day of the last Shanghai auto show, a female owner got on the roof of a car at the Tesla booth and accused Tesla of brake failure. As of today, the dispute is still ongoing.

Since the drama, Tesla has not participated in any more auto shows in China, including the 2023 Shanghai auto show two months ago.

June 16 is the media day for the upcoming show, and general admission will be available from June 17 to June 24.

Tesla's booth is located in Hall 9 on the 1st floor, next to 's (NYSE: XPEV) booth. The booths of -backed AITO, Smart, Leapmotor, Rising Auto, and Voyah are also in the area.

NIO will also be at the show and will be showcasing the ET5 Touring, according to the event's organizers.

The day before that show starts, NIO will launch the ET5 Touring in China on June 15, with its launch event starting at 19:00 Beijing time. The company will also launch the ET5 Touring and the new ES6 in Europe a few hours later on the same day.

NIO's booth at the Shenzhen auto show is in Hall 3, near the booths of Bentley and Lotus. The company will hold a press conference at the show on June 16 from 10:00 to 10:30.

The last show, Auto Shenzhen 2022, started on May 28, 2022 and ran through June 5. It was the first auto show in China last year.

NIO's booth at Auto Shenzhen last year was also in Hall 3, a two-floor area where the first floor displayed the full range of models, a transparent second-generation battery swap station and NIO Power's products. The second floor includes a relaxation area, NIO Cafe, and Joy Camp.

In addition to Tesla, NIO and XPeng, new energy vehicle (NEV) makers including (OTCMKTS: BYDDY), (NASDAQ: LI) and will also participate in Auto Shenzhen 2023.

Store visit: First impression of NIO ET5 Touring before official launch

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NIO denies after rumors of partnership with Mercedes-Benz swirl

A fake rumor yesterday claimed that Mercedes-Benz will use 's battery swap network and will build its next-generation models based on NIO's standards.

(Image credit: CnEVPost)

Rumors about a partnership between NIO (NYSE: NIO) and German luxury car maker Mercedes-Benz were widely circulated on Chinese social media networks yesterday. But this was later denied.

One of the most widely circulated was an image with text claiming that Mercedes-Benz would use NIO's battery swap network and would build next-generation battery swap-enabled models based on NIO's standards.

In the comments section of a Weibo user's post sharing the image, NIO's legal department left a message later yesterday saying the image was a forgery.

Ma Lin, NIO's senior director of corporate communications, later retweeted the message. As of press time, the Weibo post has been deleted.

CnEVPost saw the image yesterday in several WeChat groups, as well as a chat transcript claiming that NIO had entered into a partnership with Mercedes-Benz.

The image mimics the style of the NIO App page and the company's statement, but the publisher of the false statement does not exist among NIO App users.

These false rumors appear at an interesting point in time, making it particularly noticeable.

On June 12, NIO announced an immediate RMB 30,000 ($4,200) reduction in the starting prices of all new models, but the previously free monthly battery swap service became a paid option.

On the same evening, NIO held a communication meeting with its customers and broadcasted the meeting live on its social media platforms.

William Li, NIO's founder, chairman and CEO, said in response to a question during the communication that several companies are now talking to NIO about using its battery swap network, according to the live stream watched by CnEVPost.

However, they will need to develop vehicles to NIO's battery swap standard, which takes time, Li said.

It's worth noting that these statements are not materially different from previous comments made by NIO management, which Li also said at the communication that they were diplomatic.

Li last mentioned similar remarks two months ago, when he said in an April 1 media group interview during the China EV 100 Forum that NIO wants other companies to share and build battery swap infrastructure with it.

"I met with several company executives today and they asked me how we could work together, and we're open to that," he said on April 1.

NIO refers to its battery swap model as battery as a service (BaaS), an innovation that can be understood through the lens of cloud services, Li said at the time.

The cloud services around the world, whether they are offered by Microsoft, Google and Amazon in the US or Alibaba, Tencent and in China, they all have one thing in common -- the companies themselves are the primary users, he said.

Despite frequent rumors over the past two years, as of yet no other car company has said it will use NIO's battery swap network.

In addition to the NIO brand, another brand that will use these battery swap stations will be the company's sub-brand, codenamed ALPS, which is expected to start delivering vehicles next year.

NIO's current plants can support the production of vehicles under both NIO and ALPS brands, and no major Capex investment is required, Li said in a June 9 analyst call following the announcement of first-quarter earnings.

Current battery swap stations are sufficient for both brands to share, he said.

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NIO's battery swap network open to other brands, just like cloud service, says William Li

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Denza’s 1st SUV N7 surpasses 20,000 pre-orders ahead of official launch

The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.

(Image credit: CnEVPost)

's (OTCMKTS: BYDDY) premium new energy vehicle (NEV) brand Denza is gearing up for the launch of its first SUV, the Denza N7, and the model seems to be gaining good acceptance.

Pre-orders for the Denza N7 have already exceeded 20,000 units before specifications and pricing are announced, Zhao Changjiang, general manager of Denza's sales division, said at an event yesterday.

Fifty-five percent of these pre-order holders are vehicle owners of luxury brands including Mercedes-Benz, BMW and Audi, and 35 percent are existing owners of BYD and Denza, Zhao said, according to a report by local auto media Yiche yesterday.

On March 26, Zhao said there were many customers who want to get the Denza N7 launched as soon as possible, and the model is expected to get 30,000 orders before its mid-year launch based on inquiry volume data.

On the first day of the Shanghai auto show on April 18, Denza opened reservations for the N7, but its pricing information was not released.

Denza is a joint venture between BYD and Daimler established in February 2011, with each holding a 50 percent stake at the time, and the Daimler brand was rebranded as Mercedes-Benz in February 2022. BYD's stake in Denza increased to 90 percent last year, and Mercedes-Benz's stake decreased to 10 percent.

In August 2022, Denza let the D9 MPV go on sale, the brand's first model after the reorganization. The Denza N7 is the second model after Denza's shareholding reform and its first SUV.

On April 25, Denza said the N7 received 10,569 pre-orders, just seven days before reservations opened.

On May 30, Zhao said at Denza's first brand day event that the Denza N7 would go on sale in late June, with deliveries starting in July.

Earlier today, Zhao said on Weibo that he would be attending the rollout ceremony of the first Denza N7 production car later today.

(Image credit: Denza)

No pricing information has been released for the Denza N7, but Zhao said on Weibo last December 20 that the SUV aims to capture the market for traditional internal combustion engine cars priced around 400,000 yuan ($55,850).

The Denza N7 is a 5-seat midsize SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm, respectively, and a wheelbase of 2,940 mm, a previous regulatory filing showed.

Denza's only model currently in delivery, the Denza D9, began deliveries at the end of October last year and sold 11,005 units in May this year, the third consecutive month with more than 10,000 units.

The average sales price of the Denza D9 exceeds RMB 420,000, Denza said on June 2. The MPV is now available in hybrid and all-electric versions, with a starting price range of RMB 335,800 to RMB 465,800.

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Denza sales in May: 11,005

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Li Auto says confident it will outsell German luxury brands in China in 2024

CEO looks down on local peers, arguing that their sales are so low that they don't deserve to be taken seriously.

Li Auto (NASDAQ: LI), the buzzy Chinese car-making startup, has set an ambitious goal -- to outsell German luxury brands in 2024.

"With the delivery of the all-electric model and next year's Li L6, we are confident that we will surpass BBA in our total sales in 2024," the company said on Weibo yesterday while sharing insurance registration figures for last week.

"BBA" in China refers to German luxury brands Mercedes-Benz, BMW and Audi, and Li Auto appears to be aiming to outsell one of those three brands in China next year, though it didn't specify.

For reference, BMW Brilliance, BMW's joint venture in China, had retail sales of 653,976 units in 2022, essentially unchanged from 651,236 units in 2021 and ranked 14th in the China Passenger Car Association's (CPCA) top 15 sales ranking.

and FAW-Volkswagen are the top two in the ranking, with 1,804,624 and 1,779,077 units sold in 2022, respectively. Mercedes-Benz and Audi did not make the list.

From January to May this year, BMW Brilliance's retail sales were 274,763 units, up 9.1 percent from 251,880 units in the same period last year, placing it at No. 9 in the CPCA's latest top 10 sales ranking. Mercedes-Benz and Audi are still not on the list.

Li Auto yesterday shared vehicle insurance registration figures showing it sold 8,400 vehicles in the week of June 5 to June 11, bringing the cumulative sales so far this month to 11,900.

As of June 11, Li Auto had sold more SUVs than any of the "BBA" brands in China this month with just three SUVs, it said.

All of Li Auto's models currently on sale are extended-range electric vehicles (EREVs), essentially plug-in hybrid vehicles (PHEVs), including the five-seat Li L7 and the six-seat Li L9 and Li L8.

The company is expected to launch its first all-electric model by the end of the year, which will be an MPV (multi-purpose vehicle, or van) powered by the latest Qilin Battery from Chinese power cell giant .

On September 22, 2022, in a warm-up for the Li L8's launch in a few days, Li Auto said it will also launch the Li L6, a midsize five-seat SUV priced within RMB 300,000 yuan ($41,850).

As it eats into the German luxury carmaker's market, Li Auto is continuing to learn from the strengths of these established luxury brands.

"In the offensive ground game, the role models are of course the BBA, which are the best sellers in the market priced at RMB 300,000 and up. we learned from them how to open 4S stores, how to choose locations, and reduce customer acquisition costs to 1/5 of stores located in malls," Li Auto founder, chairman and CEO Li Xiang said on Weibo yesterday.

Li Auto also learned from these German luxury car companies how to operate in Shanghai, which does not offer free NEV license plates for EREVs, and boosted the company's sales in Shanghai to a peak in 2022 in one month's time, he said.

Before this year, Shanghai offered free license plates to consumers who bought NEVs, including battery electric vehicles (BEVs) as well as PHEVs.

Starting this year, only consumers who purchase BEVs will receive free license plates in Shanghai, while PHEVs, including EREVs, will not be eligible for the benefit.

In Li Auto's view, its only competitors are German luxury car companies, and local brands are not worth mentioning.

After the company shared its insurance figures for last week yesterday, it was accused by a Weibo user of the move as a continued attack on its local peers.

In response to the Weibo user, Li said that the sales of these local peers are so low that they are not worth mentioning, and that its core focus has always been on the market where BBA is located.

Li used the Chinese saying "three watermelons and two dates (仨瓜俩枣)" to describe the sales of its local counterparts, implying that they were too far behind Li Auto.

Li Auto's two main peers, (NYSE: NIO) and (NYSE: XPEV), both registered around 1,500 units of insurance last week, with 2,800 and 2,200 units from June 1 to June 11, respectively.

It is worth noting that both NIO and XPeng currently offer only BEVs, a fast-growing but currently small market in China.

In January-May, China's passenger vehicle retail sales were 7.63 million units, with NEVs contributing 2.42 million units, or 31.7 percent, according to the CPCA's figures.

BEVs sold 1.64 million units from January to May, contributing 21.5 percent of all passenger car sales.

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CPCA rankings: Top-selling automakers in China in May

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China NEV insurance registrations for week ending Jun 11: Tesla 16,400, Li Auto 8,400, NIO 1,500

This article is being updated, please refresh later for more content.

From June 1-11, sold 2,800 units and 26,000 units.

(NASDAQ: LI) continued to flex its muscles, showing strong sales last week while its two local peers, NIO (NYSE: NIO) and (NYSE: XPEV), remained weak.

For the week of June 5 to June 11, Li Auto sold a record 8,400 units, the company said today on Weibo.

That's far more than other new car-making brands and more than the second, third and fourth places on the list combined, it said, adding that Li Auto had sold 11,900 units this month as of June 11.

Li Auto continues to rank in the top five luxury brands sold in the Chinese market and is the highest-ranked Chinese brand on the list, it said.

The company has maintained its focus on premium family customers and has made a strong showing in the segment with its L series models, it said.

With the company's all-electric model and the delivery of the Li L6 next year, Li Auto is confident it will surpass one of the German luxury brands BMW, Mercedes-Benz and Audi in total sales in 2024, it said.

Li Auto did not explain on what basis that weekly sales were tallied, but apparently, they were insurance registrations. The company had suspended sharing those numbers in May, but has later resumed sharing them.

All of the models Li Auto is currently selling are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L9 and Li L8.

The EREV maker guided a month ago for second-quarter deliveries of between 76,000 and 81,000 units, meaning June deliveries are expected to be between 22,042 and 27,042 units, considering it delivered 25,681 and 28,277 units in April and May, respectively.

Tesla (NASDAQ: TSLA) sold 16,400 units last week, putting the June 1-11 cumulative total at 26,000, according to Li Auto. In the previous week, May 29-June 4, Tesla's figure was 14,500 units.

NIO (NYSE: NIO) had 1,500 units last week and 2,800 units this month as of June 11. Its figure for the previous week was 1,700 units.

XPeng (NYSE: XPEV) was at 1,500 units last week and 2,200 units for the month as of June 11. XPeng's figure for the previous week was 2,100 units.

was at 1,500 units last week and 2,400 units this month as of June 11. Its figure for the previous week was 2,100 units.

Leapmotor was 3,000 units last week and 4,400 units this month as of June 11. Its figure for the previous week was 3,400 units.

was at 1,900 units last week and 2,800 units this month through June 11. Its figure for the previous week was 2,900 units.

Data table: China NEV weekly insurance registrations

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