Category: Deliveries

Li Auto sees L-series models exceed 100,000 cumulative deliveries

In the price range of RMB 300,000-500,000, has a market share of nearly 20 percent, it said.  |  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) saw a milestone in cumulative deliveries of the three L-series models currently on sale.

Li Auto vehicles had more than 5,000 insurance registrations last week, and the L-series models have seen more than 100,000 cumulative deliveries, the automaker announced Wednesday on Weibo.

It took just seven months to reach the milestone since the L-series models were delivered, Li Auto said.

Li Auto's current offerings are all extended-range electric vehicles (EREVs), which have an all-electric range of about 200 kilometers and can be refueled.

The company's first model, the Li ONE, which was discontinued last year, had accumulated 203,925 deliveries by the end of January, according to data monitored by CnEVPost.

The first model in Li Auto's L series is the flagship Li L9, which was launched on June 21, 2022 and began deliveries on August 30 last year.

From September last year to February this year, Li L9 accumulated 54,268 units delivered, according to data monitored by CnEVPost from Li Auto and China Passenger Car Association (CPCA).

On September 30, 2022, Li Auto launched the Li L8, the second model in its L series. Deliveries of the Li L8 began on November 10, with cumulative deliveries of 29,773 units as of the end of February.

On February 8, Li Auto launched the Li L7, and deliveries of the model began on March 11.

Insurance registrations for Li Auto vehicles were 5,081 for the week of March 20 to March 26, the company announced yesterday, in line with CnEVPost's report on Tuesday.

In the price range of RMB 300,000 ($43,480)-500,000, Li Auto has close to 20 percent market share as the luxury SUV brand of choice for families, it said.

Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 units.

Li Auto is expected to announce its March deliveries on April 1, having delivered 15,141 and 16,620 vehicles in January and February, respectively.

($1 = RMB 6.9000)

Li Auto sees cumulative deliveries exceed 300,000 units

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China NEV insurance registrations for week ending Mar 26: BYD 43,490, Tesla 15,886, NIO 1,909

is on track to reach its guidance, with 9,199 vehicles registered in the past four weeks.

Insurance registrations for new energy vehicles (NEVs) in China continued to increase last week compared to the previous week, although the performance of major automakers was mixed.

For the week ending March 26, insurance registrations for all passenger vehicles in China were 400,400 units, up 37.64 percent year-on-year and up 29.02 percent from the previous week, according to information shared today by several auto bloggers on Weibo and WeChat groups.

Among them, the number of traditional internal combustion engine vehicles was 272,100, up 43.50 percent year-on-year and up 37.64 percent from the previous week.

Insurance registrations for NEVs were 128,300, up 26.63 percent year-on-year and up 13.89 percent from the previous week. This means that the penetration rate of NEVs was 32 percent last week.

(OTCMKTS: BYDDY) NEVs registered 43,490 units last week, up from 38,414 units the week before. In the first and second weeks of March, BYD's numbers were 38,932 and 37,141 units, respectively.

(NASDAQ: TSLA) saw 15,886 units for the week, down from 18,712 units the week before. Insurance registrations for Tesla vehicles in China were 13,266 and 17,032 in the first and second weeks of March, respectively.

This means that over the past four weeks, Tesla vehicles have had 64,896 insurance registrations in China.

If Tesla vehicles register the same number of insurance units this week as last week, it may deliver a record number of vehicles in China in March, surpassing the 77,938 units delivered in June 2022.

Tesla has a factory in Shanghai that makes the Model 3 and the Model Y. Its pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

NIO (NYSE: NIO) vehicles had 1,909 insurance registrations last week, up from 1,775 the week before. The company's insurance registration figures for the first and second weeks of March were 3,345 and 2,170, respectively.

NIO guided earlier this month for first-quarter deliveries of between 31,000 and 33,000 vehicles, meaning that March deliveries are expected to be between 10,337 and 12,337.

NIO is on track to meet its guidance, with 9,199 vehicles registered for insurance in the last four weeks, although the first week of March included the last two days of February.

(NYSE: XPEV) vehicles had 1,564 insurance registrations last week, up from 1,296 the previous week. The number was 1,421 and 1,635 in the first and second weeks, respectively, for a four-week total of 5,916 vehicles.

XPeng previously guided for first-quarter vehicle deliveries of 18,000 to 19,000 units, meaning March deliveries are expected to be between 6,772 and 7,772 units.

(NASDAQ: LI) vehicles saw 5,081 insurance registrations last week, down from 5,438 the week before. It posted figures of 3,222 and 4,243 for the first and second weeks of March, respectively, for a four-week total of 17,984 vehicles.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles, implying a year-on-year increase of 64.0 percent to 73.4 percent.

Li Auto's guidance of 52,000 to 55,000 vehicles for the first quarter implies March deliveries are expected to be 20,239 to -23,239 vehicles.

had 2,934 insurance registrations last week, and its numbers for the first three weeks of March were 4,109, 988, and 515, respectively.

was at 1,214 units last week, and that figure was 1,814, 1,043, and 913 units in the first three weeks.

China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNetaNEVAll
03/20-03/2643,49015,8861,9091,5645,0811,2142,934128,300400,400
03/13-03/1938,41418,7121,7751,2965,4381,847913515689112,650310,341
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988522107,767308,726
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

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Tesla starts deliveries of new Model S and Model X in China

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first vehicle entered the country in 2014.  |  TSLA.US

Tesla (NASDAQ: TSLA) has started deliveries of the new Model S and Model X in China, although its China website shows expected delivery dates for both models in the second quarter.

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first Tesla vehicle entered the country in 2014, Tesla said today on Weibo.

Tesla did not provide any more information on Weibo, and its China website shows expected delivery dates for both models in the second quarter.

Here's a video Tesla shared on Weibo showing a large number of the new Model S and Model X being shipped to China.

On January 6, Tesla announced the prices of the new Model S and Model X, which are not produced locally, in China at the same time as it significantly reduced the prices of the Model 3 and Model Y.

The Tesla Model S is available in China in two versions, a regular version with dual motors and all-wheel drive, and a Plaid version with tri motors and all-wheel drive.

The Model S starts at RMB 789,900 ($114,790) and the Model S Plaid starts at RMB 1,009,900.

The Model X is also available in China in two versions, a regular version with dual-motor all-wheel drive and a Plaid version with tri-motor all-wheel drive.

The Model X starts at RMB 879,900 and the Model X Plaid starts at RMB 1,039,900.

On February 28, six imported Tesla pure electric vehicles, which were driven out of containers at the Nangang Terminal of Shanghai Yangshan Port, were inspected on site by customs officers, a previous report by Shanghai Securities News said.

On March 15, Tianjin Port Group said the latest batch of 867 Tesla new Model S and Model X vehicles arrived in Tianjin.

(1 $= RMB 6.8814)

Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb

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XPeng begins P7i deliveries in China

's store traffic and test drives have reached new highs in recent months following the launch of the P7i, the company's management said earlier this month.  |  XPeng US | XPeng HK

(Image credit: XPeng)

XPeng (NYSE: XPEV) has begun deliveries of the P7i in China, where the sedan was officially launched earlier this month.

XPeng recently began the first deliveries of the P7i, a facelift of its flagship P7 sedan, in seven cities, according to an article posted yesterday by the electric vehicle (EV) maker on its mobile app.

The seven cities are Beijing, Guangzhou, Shenzhen, Wuhan, Hangzhou, Chengdu, and Chongqing, where XPeng held the P7i delivery ceremonies, according to the article.

XPeng did not disclose the number of P7i vehicles that were delivered in the first batch.

The P7i is the shortest time between the official launch and delivery of any XPeng model, as the company may be concerned that keeping consumers waiting too long could lead to lost orders.

XPeng officially launched the P7i in China on March 10, offering only four versions with a starting price of RMB 249,900 ($36,390).

The XPeng P7i continues to be built on the regular 400 V platform, rather than the 800 V high-voltage platform used by the G9.

However, the P7i's maximum charging power has been increased from its predecessor's 90 kW to 175 kW, and can be charged from 10 percent to 80 percent in 29 minutes.

The Pro version of the XPeng P7i comes standard with an Nvidia Orin-X Smart Drive chip with 254 TOPS of computing power. The Max version of the model comes standard with two Orin-X chips as well as two LiDARs.

The P7i's predecessor, the P7, was the XPeng's main seller for a long time, selling 59,066 units in 2022, contributing 49 percent of the XPeng's annual sales of 120,757 units, according to data monitored by CnEVPost.

Following the launch of the P7i, XPeng's store traffic and test drives have reached new highs in recent months, He Xiaopeng, the company's chairman and CEO, said during a March 17 analyst call after the company reported fourth-quarter earnings.

The P7i has been well received by customers for its smart features, styling and performance, as well as its other clear advantages against similar products, he said.

Amid the market's prevailing weakness in new order intake, XPeng outperformed the market with a 100 percent increase in new orders in February compared to the previous month, Mr. He said.

With the strong momentum in orders following the official launch of the P7i, XPeng expects total new orders in March to grow significantly month-on-month, he said, adding that this marks the company's initial success following a comprehensive transformation, which has also boosted morale.

($1 = 6.8680 RMB)

XPeng Q4 earnings call: Key points of transcript

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Li Auto sees cumulative deliveries exceed 300,000 units

This means has seen more than 10,905 deliveries so far this month.

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) saw cumulative vehicle deliveries top 300,000, meaning it has delivered more than 10,000 vehicles so far this month.

Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 vehicles, the company announced today.

Li Auto achieved its 300,000th vehicle delivery in 39 months since it officially began delivering vehicles in December 2019, the fastest among China's homegrown new luxury carmaker brands, it said.

Li Auto delivered 15,141 and 16,620 vehicles in January and February, respectively, for a cumulative total of 289,095 deliveries as of the end of February, according to data monitored by CnEVPost.

The latest development means that as of today, Li Auto has delivered more than 10,905 units so far this month. The company is expected to announce March's delivery figures on April 1.

Li Auto's local peer (NYSE: NIO) saw its 300,000th vehicle delivered in February, but did not publicly market it.

NIO delivered 12,157 vehicles in February, bringing cumulative deliveries through the end of February to 310,219.

Li Auto's models currently on sale have gained close to 20 percent market share in the RMB 300,000 ($43,810)-500,000 price range, making it the luxury SUV brand of choice for families, the company said.

Li Auto's current offerings are all extended-range electric vehicles (EREVs) with an all-electric range of about 200 kilometers and the ability to refuel.

On March 22, William Li, founder, chairman and CEO of NIO, said at a forum that the company had delivered more than 310,000 units as of February this year, accounting for more than 66 percent of the premium EV market in January and February.

All of NIO's current models are pure electric models and are aimed at a market with a price tag of more than RMB 300,000.

Li Auto does not currently have any pure electric models and its first such model will be an MPV, which is expected to be released by the end of the year.

In terms of technology development, Li Auto continues to invest in R&D and has achieved in-house development and production of core components such as range-extender and XCU central domain controller, the company said today.

Li Auto insists on in-house R&D in assisted driving systems and makes models equipped with assisted driving systems as standard, it said.

As of March 23, Li Auto's in-house developed AD smart driving system has accumulated more than 550 million kilometers, including more than 100 million kilometers for the NOA navigation assisted driving system, it said.

($1 = RMB 6.8473)

Li Auto to build charging stations at 'NIO pace', report says

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China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

Insurance registrations for China's NEVs were 113,000 last week, up from 108,000 the week before.

Insurance registrations for new energy vehicles (NEVs) in China increased last week compared to the previous week, with a mixed performance from major EV makers.

From March 13 to March 19, insurance registrations for all passenger vehicles in China were 321,000 units, up from 308,000 units the previous week, according to figures shared by several car bloggers on Weibo.

Insurance registrations for NEVs were 113,000 last week, up from 108,000 the week before.

(OTCMKTS: BYDDY) vehicles continued to see the most insurance registrations, with 38,414 last week, up from 37,141 the previous week.

(NASDAQ: TSLA) vehicles saw 18,712 insurance registrations last week, up from 17,032 the week before.

was 1,775 vehicles last week, down from 2,170 the week before.

NIO guided for first-quarter deliveries between 31,000 and 33,000 units earlier this month, meaning March deliveries are expected to be between 10,337 and 12,337 units.

The company's insurance registrations for the first week of March, which included February 27 and February 28, were 3,345 units.

(NASDAQ: LI) vehicles registered 5,438 insurance units last week, up from 4,243 the previous week.

(NYSE: XPEV) had 1,296 vehicles last week, down from 1,635 the week before.

posted 914 units last week, down from 1,043 units the previous week.

China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

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

's insurance registrations last week in China were higher than the previous week's 13,266, while 's were lower than the previous week's 3,345.

 

's new energy vehicles (NEVs) saw 37,141 insurance registrations in China for the week ending March 12, lower than the previous week's 38,932, according to numbers shared today by auto blogger @一路向北BYD.

Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.

NIO was 2,170 last week, down from 3,345 the week before.

registered 4,243 units last week, up from 3,222 units the previous week.

was 1,635 units last week, up from 1,421 units the week before.

BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before.

was 1,043 units last week, down from 1,814 units the week before.

BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.

The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.

Rumors surfaced last week that BMW dealers were offering a massive subsidy for the all-electric BMW i3 in China, and that consumers who pay full price for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

BMW insiders denied this, but sources at BMW dealers said they are indeed offering discounts, and that these measures were only introduced this month, local media Cailian reported last week.

For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the price after discounts is RMB 248,000, the report said, citing BMW dealership sources.

Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the source said.

The increasing number of car companies joining the price war has led to increased consumer wait-and-see sentiment to avoid seeing price reductions shortly after purchasing a car.

Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.

For consumers who purchase these models, if the prices drops within 90 days of their order, then Li Auto will refund the difference.

The policy, which is available to consumers when they purchase the Li L7, Li L8, and Li L9, is primarily intended to make clear to them that Li Auto will not drop the prices, local media outlet The Paper said earlier today, citing salespeople from the company.

China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNEVNEV+ICE
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

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Li Auto begins deliveries of its first 5-seat SUV Li L7

has an internal goal of 25,000-30,000 monthly deliveries and will aim to meet the goal in the second quarter, its management said last month.

Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) began deliveries of its new SUV, the Li L7, on March 11, a month after the model was launched.

Starting today, deliveries of the Li L7 will begin in China to meet the needs of a wider segment of family customers, the company said.

With the start of deliveries of the Li L7, Li Auto further solidifies its market position in the RMB 300,000 ($43,440) - 400,000 price range as the luxury SUV brand of choice for families, it said.

Li Auto officially made the Li L7, its first five-seat SUV, available on February 8. Its other two models currently on sale, the Li L9 and Li L8, are both six-seat models.

The Li L7 is available in Air, Pro and Max versions, with starting prices of RMB 319,800, 339,800 and 379,800 respectively.

Li Auto said at the launch of the Li L7 that deliveries of the Li L7 Pro and the Li L7 Max are expected to begin on March 1, and deliveries of the Li L7Air will begin in early April.

Today's latest development means that the start of Li L7 deliveries is 10 days later than the company had planned.

Deliveries of the Li L7 Pro and Li L7 Max were the first to begin today, with deliveries of the Li L7 Air scheduled to begin in early April, Li Auto said today.

All of Li Auto's current models are extended-range electric vehicles (EREVs), essentially PHEVs, which are considered to have no range anxiety and therefore have a larger total addressable market.

Li Auto delivered 16,620 vehicles in February, up 9.77 percent from 15,141 in January and up 97.53 percent from 8,414 in the same month last year, according to data it released on March 1.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles when it reported fourth-quarter earnings on February 27.

The company's delivery figures for February mean it is on track to deliver 20,239 to 23,239 vehicles in March.

Li Auto management said in an analyst call after announcing its fourth-quarter earnings that the company has an internal target of 25,000 to 30,000 monthly deliveries and will aim to achieve that target in the second quarter.

April will be the first full delivery month for the Li L7 Pro and Li L7 Max, and May will be the first full delivery month for the Air product line, its management stressed at the time.

When Li Auto launched the Li L7 on February 8, it also introduced a cheaper Air version for the Li L8.

The current starting prices for the Li L8 Air, Li L8 Pro and Li L8 Max are RMB 339,800, 359,800 and 399,800 respectively.

The Li L9 is still only available in the Max version, with a starting price of RMB 459,800.

(1 $ = RMB 6.9063)

Li Auto to build charging stations at 'NIO pace', report says

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China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show

In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 percent year-on-year.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

China saw new energy vehicle (NEV) sales of 525,000 units in February, up 55.9 percent year-on-year and up 28.7 percent from January, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM figures are wholesale sales by vehicle companies, where NEVs include battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and fuel cell vehicles.

China generated sales of 376,000 BEVs in February, up 43.9 percent year-on-year. PHEV sales were 149,000 units, up 98.0 percent year-on-year. Sales of fuel cell vehicles were 40 units, down 77.5 percent year-on-year.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

Sales of all vehicles in China were 1.976 million units in February, up 13.5 percent year-on-year and up 19.83 percent from January.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

This means that the penetration rate of NEVs in China by the CAAM figures was 26.6 percent in February, up 1.9 percentage points from 24.7 in January.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

Production of NEVs in China was 552,000 units in January, up 48.8 percent year-on-year and up 29.9 percent from January.

Production of all vehicles in China in January was 2,032,000 units, up 11.9 percent year-on-year and 27.5 percent from January.

It is worth noting that last year, February 1-6 was the New Year's holiday, which caused disruptions to sales and production at that time. This year, that holiday was January 21-27.

Because the Chinese New Year holiday fell in the same month last year and in January this year, and some local governments introduced policies to boost auto consumption last month, China's auto production and sales increased significantly in February, the CAAM said.

In February, 329,000 vehicles were exported from China, up 82.2 percent year-on-year and up 9.4 percent from January.

Among them, exports of NEVs were 87,000 units, up 79.5 percent year-on-year and up 5.3 percent from January.

In January-February, China's vehicle sales were 3.625 million units, down 15.2 percent from a year earlier, according to the CAAM.

NEVs sold 933,000 units in January-February, up 20.8 percent year-on-year, with a market share of 25.7 percent.

In the first two months, sales of models priced at RMB 150,000 ($21,540) to RMB 250,000 and those priced at RMB 350,000 to RMB 500,000 increased year-on-year, while sales of models in other price segments declined.

For conventional internal combustion engine vehicles, sales of models in the price range of RMB 300,000 to RMB 350,000 increased year-on-year in January-February, while sales of models in all other price ranges declined.

($1 = RMB 6.9624)

Full CPCA rankings: Top-selling models and automakers in China in Feb

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China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show

In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.

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