Fab 5 China EV sales came in stronger than expected as new product cycles at Li Auto and NIO really start to kick in, leading to record monthly volumes despite a weak macro backdrop, said Edison Yu's team.
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From January to November, Leapmotor delivered 102,675 vehicles, up 190.8 percent from 35,314 vehicles in the same period last year.
XPeng expects deliveries to increase significantly in December as production of the G9 ramps up under normal operating conditions.
Li Auto delivered a record 15,034 vehicles in November, a single-month high, according to figures released today.
From January to November, Neta delivered a total of 144,278 vehicles, up 142.3 percent year-on-year.
In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
Since deliveries of its first model, the Zeekr 001, began last October, Zeekr has accumulated 66,611 deliveries.
NIO vehicles registered 3,759 insurance units in the fourth week of November, compared to 2,852, 3,124 and 3,325 units in the previous three weeks.
In terms of retail sales, the penetration rate of NEVs in China is expected to be about 32.3 percent in November. This is a new historical record.