Smart and Sustainable Electric Mobility
Passenger vehicle sales in China are expected to be around 1.73 million units in May, up 27.7 percent year-on-year and up 6.6 percent from April, the CPCA said.
In May, retail sales of new energy vehicles (NEVs) in China are expected to be around 580,000 units, up 60.9 percent year-on-year and up 10.5 percent from April, according to estimates released today by the China Passenger Car Association (CPCA).
Survey shows that major automakers, which contribute about 80 percent of passenger car sales, are targeting retail sales growth of more than 5 percent in May compared to April and an improvement of more than 20 percent year-on-year, the CPCA said.
According to preliminary projections, Chinese passenger car sales in May were around 1.73 million units, up 27.7 percent year-on-year and up 6.6 percent from April, the CPCA said.
That means the penetration rate of NEVs at retail in May was about 33.5 percent.
During the Labor Day holiday, many cities held auto shows, giving the auto market a high level of attention, the CPCA said. This year, China's Labor Day holiday ran from April 29 to May 3.
The incentives offered by car companies, coupled with local government policies to promote consumption, allowed the Chinese auto market to see a good start in May, with market sentiment and transactions significantly better than the same period in previous years, the CPCA said.
However, as some consumer demand was released at the beginning of the month, the market enthusiasm dropped back significantly as traffic and orders at sales stores turned light after the holidays, the CPCA noted.
Average daily retail sales for major vehicle companies in the first week of May were 53,600, up 46 percent from the previous week and up 67 percent year-on-year.
Average daily retail sales for the second week were 47,300, up 5 percent from the previous week and up 44 percent year-on-year.
Average daily retail sales in the third week are expected to be 53,000, and in weeks four and five the figure is expected to be 72,500, the CPCA said.
In mid-May, the overall discount rate in China's passenger car market was about 16.9 percent, largely unchanged from the previous month, with prices at sales outlets stabilizing, according to the CPCA.
CPCA weekly data: NEV retail sales for 1st 2 weeks of May at 217,000
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Weekly sales are back.
The post China NEV sales in the week of May 15-21: Li Auto 7100, Nio 1400, Tesla 10200 appeared first on CarNewsChina.com.
The Baojun Yep prices and specs were unveiled before the official launch. It has appeared to be cheaper than we thought.
The post Baojun Yep electric SUV from GM, SAIC and Wuling to start from 11,885 USD in China appeared first on CarNewsChina.com.
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Tesla vehicles registered 10,200 insurance units in China last week, bringing the number to 26,118 for the first three weeks of May.
Li Auto founder, chairman and CEO Li Xiang said last week that they had been complained about by some of their peers and therefore could not continue to share the weekly insurance registration numbers.
Interestingly, however, the company resumed sharing those numbers today to continue to show that it leads the pack among Chinese new energy vehicle (NEV) startups.
For the week of May 15 to May 21, Li Auto sold 7,100 units, far outpacing other new car brands and reigning as the weekly sales leader for new automaking brands in the Chinese market, the company said today on Weibo.
Li Auto did not explain on what basis the sales were counted, but apparently, they were insurance registrations.
Li Auto surpassed all other traditional luxury brands except Mercedes-Benz, BMW and Audi to remain in the top five luxury brands in the Chinese market in terms of sales, the highest-ranked Chinese brand on the list, it said.
In the first two weeks of May, Li Auto vehicles had 4,543 and 6,670 insurance registrations, respectively. This means that from May 1 to May 21, Li Auto sold about 18,313 vehicles.
The tables Li Auto shared today show that NIO vehicles had 1,400 insurance registrations last week. This means that NIO had 3,700 insurance registrations for the first three weeks of May.
NIO deliveries continue to be curbed by the upcoming launch of the new ES6, with insurance registration figures of 1,100 and 1,200 in the first and second weeks of May, respectively.
NIO will officially launch the new ES6 on May 24, and its deliveries will start on May 25.
The company is getting the ES6 to market with unprecedented delivery efficiency, and as of May 20, the new ES6 show cars were available at nearly 300 NIO stores in 92 cities.
XPeng registered 1,500 insurance units last week, the same as the previous week. In the first three weeks of May, XPeng vehicles had 3,870 insurance registrations.
XPeng deliveries were also dampened by the new model G6, which is expected to officially launch and begin deliveries at the end of next month.
Insurance registrations for Tesla vehicles in China were 10,200 last week, bringing the figure to 26,118 for the first three weeks of May. The number was 5,928 and 9,990 in the first two weeks of May.
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