Category: EV Data

BYD Mar sales breakdown: Qin 40,850, Song 40,510

The Qin family of models sold a record 40,850 units in March, surpassing the Song family's 40,510 units to become the best-selling model for the month.

BYD today announced its new energy vehicle (NEV) sales for March and later provided a breakdown of the figures for different models.

The Qin family of models sold a record 40,850 units in March, making it the highest-selling BYD model for the month and contributing 19.8 percent of the NEV maker's passenger NEV sales in March.

The sales were up 64.74 percent from 24,797 units in the same month last year and up 33.76 percent from 30,540 units in February, according to data monitored by CnEVPost.

In the first quarter, the Qin family of models sold 85,575 units, up 12.83 percent from the same period last year.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($14,530) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Song family -- the top-selling BYD model in many previous months -- sold 40,510 units in March, second only to the Qin family model.

Sales of the family models in March were up 51.56 percent from 26,729 units in the same month last year but down 22.69 percent from 52,400 units in February.

This is the lowest sales for the Song family of models since July 2022. The family sold a record 70,079 units in December of last year.

In the first quarter, Song family models sold 142,775 units, up 93.69 percent from the previous year.

The Yuan family sold a record 40,400 units in March, making it the third highest-selling BYD model for the month.

This represents a 213.64 percent increase from 12,881 units in the same period and a 20.20 percent increase from 33,612 units in February.

The Yuan family of models sold 97,243 units in the first quarter, up 219.56 percent from the same period last year.

BYD Dolphin also sold a record 30,077 units in March, up 186.42 percent year-on-year and 31.56 percent from February.

In the first quarter, BYD Dolphin sold 70,567 units, up 137.86 percent year-on-year.

The BYD Han family of models sold 13,550 units in March, up 9.64 percent year-on-year and up 9.77 percent from February.

The f Han family sold 38,109 units in the first quarter, up 10.69 percent year-on-year.

The BYD Tang family of models sold 12,133 units in March, virtually unchanged from 12,029 units in February and up 26.06 percent from a year ago.

Tang family models sold 33,052 units in the first quarter, up 13.54 percent from a year ago.

The BYD Frigate 07 sold 8,150 units in March, up 26.77 percent from February. The model went on sale on December 9, 2022.

The BYD Seal sold 6,000 units in March, down 22.62 percent from February. The model went on sale on July 29, 2022.

BYD Destroyer 05 -- which went on sale on March 17, 2022 -- sold 3,911 units in March, up 164.97 percent year-on-year but down 21.31 percent from February.

BYD announced earlier today that it sold 207,080 NEVs in March, including 206,089 passenger vehicles, and 991 commercial vehicles.

($1 = RMB 6.8690)

BYD sells 207,080 NEVs in Mar, up 6.9% from Feb

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BYD sells 207,080 NEVs in Mar, up 6.9% from Feb

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sold 207,080 new energy vehicles (NEVs) in March, up 97.45 percent from 104,878 units in the same month last year and up 6.93 percent from 193,655 units in February.

The company discontinued the production and sales of vehicles powered entirely by internal combustion engines in March last year to focus on the production of plug-in hybrids and pure electric vehicles.

BYD's NEVs include passenger cars as well as commercial vehicles, and they sold 206,089 units and 991 units in March, respectively.

Among these passenger vehicles, battery electric vehicle (BEV) sales were 102,670 units, up 91.32 percent from 53,664 units in the same month last year and up 13.27 percent from 90,639 units in February.

Plug-in hybrid vehicles (PHEVs) were 103,419 units, up 104.09 percent from 50,674 units in the same month last year and up 2.37 percent from 101,025 units in February.

In March, BYD sold 13,312 NEVs in overseas markets, down 11.27 percent from 15,002 units in February.

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest power battery maker.

BYD's installed power and storage battery capacity in March was about 9.891 GWh, up 84.77 percent from 5.353 GWh in the same month last year and up 10.49 percent from 8.952 GWh in February.

In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.

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China EV deliveries: Aion, Leapmotor, Shenlan and more

In March, sold 40,016 vehicles, delivered 6,172 and Shenlan 8,568.

The first day of every month is the day when Chinese electric vehicle (EV) makers intensively announce their deliveries for the previous month, and CnEVPost highlighted leading companies, including NIO, XPeng and Li Auto, in separate articles.

For the other lesser-known EV companies, we wanted to use this article to record their delivery performance in March.

Aion: 40,016 units

GAC's new energy vehicle (NEV) subsidiary, GAC Aion, saw a strong performance in March, with sales reaching 40,016 units, up 96.96 percent year-on-year and up 33.01 percent from February, according to data released today.

GAC Aion sold 80,308 vehicles in the first quarter, up 78.96 percent year-on-year.

On March 30, GAC Aion announced the magazine battery 2.0, which claims not to catch fire or explode even after a gunshot.

Leapmotor: 6,172 units

Leapmotor delivered 6,172 vehicles in March, down 38.64 percent from 10,059 in the same month last year but up 93 percent from 3,198 in February.

In the first quarter, the company delivered 10,509 vehicles, a decrease of 51.30 percent from the same period last year and down 55.41 percent from the fourth quarter.

The Leapmotor C11 series SUV received more than 10,000 orders in March, according to the company.

Leapmotor officially launched the C11 extended-range electric vehicle (EREV) on March 1, after the model was previously only offered in an all-electric version.

Yesterday, Leapmotor announced the signing of a non-binding memorandum of understanding with Qualcomm for a strategic partnership to build smart cockpit products based on the latter's latest-generation Snapdragon SA8295P platform.

Shenlan: 8,568 units

Changan Automobile's NEV brand Shenlan delivered 8,568 vehicles in March, up 108.82 percent from 4,103 vehicles in February.

In the first quarter, Shenlan delivered 18,808 vehicles, a decrease of 22.85 percent from the fourth quarter of last year.

Shenlan currently offers only the SL03 sedan, which was unveiled on July 25, 2022 and began deliveries in September last year.

It officially debuted its first SUV, the Shenlan S7, a model similar to the Model Y crossover, on March 5. The Shenlan S7 is not yet available.

Smart: 5,911 units

Smart delivered 5,911 vehicles in China in March, up 63.47 percent from 3,616 vehicles in February.

In the first quarter, Smart delivered 12,697 vehicles in China, an increase of 46.87 percent year-on-year.

Since deliveries began in September 2022, Smart has delivered a cumulative total of 21,909 vehicles.

Skyworth: 1,282 units

Skyworth delivered 1,282 vehicles in March, down 13.14 percent from 1,476 vehicles in February. The company exported 517 vehicles last month.

In the first quarter, Skyworth delivered 3,946 vehicles, according to figures released by the company today.

Skyworth, a Chinese appliance manufacturer, released its first electric vehicle product in April 2021.

The company is one of those tracked by CnEVPost, but it has been putting deliveries and orders together in an incomprehensible way when it released delivery figures before this year.

NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

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Zeekr delivers 6,663 vehicles in Mar, up 22% from Feb

In the first quarter, delivered 15,234 units, up 84.86 percent year-on-year, but down 53.08 percent from the fourth quarter.

Zeekr's deliveries continued to rebound in March, although the first-quarter figure was down significantly from the fourth quarter.

Zeekr delivered 6,663 vehicles in March, up 271.20 percent from 1,795 in the same month last year and up 22.14 percent from 5,455 in February, according to data it released today.

In the first quarter, Zeekr delivered 15,234 vehicles, up 84.86 percent from 8,241 in the same period last year, but down 53.08 percent from 32,467 in the fourth quarter.

The decline in Zeekr's deliveries in the first quarter was primarily due to a 21-day production halt at its Ningbo, Zhejiang plant around the Chinese New Year holiday. The plant resumed production on February 1. January 21 to January 27 was this year's Chinese New Year holiday.

The shutdown resulted in Zeekr delivering only 3,116 vehicles in January, a new low since April 2022.

Zeekr was officially launched as an independent company in March 2021, with its first model, the Zeekr 001, launched on April 15, 2021, and deliveries beginning in October 2021.

On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and its deliveries began on January 15.

As of March 31, Zeekr's cumulative deliveries since inception were 93,182.

Zeekr plans to see sales double from last year to 140,000 units in 2023 and will release two new models, its CEO said in an internal letter earlier this year.

The company's next model is expected to be the Zeekr X, which already made it onto a regulatory filing list in February.

Regulatory filing: Zeekr X to be offered in 4- and 5-seat versions

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XPeng delivers 7,002 vehicles in Mar, up 16.5% from Feb

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delivered 7,002 vehicles in March, a 16.5 percent increase over the previous month. total deliveries for the first quarter of 2023 reached 18,230 vehicles.

XPeng's guidance for deliveries in the first quarter was 18,000 to 19,000 units and revenue guidance was RMB 4 billion to RMB 4.2 billion when it announced its fourth-quarter earnings on March 17.

Below is its press release, as the CnEVPost article is being updated.

XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for March and the first quarter 2023.

In March 2023, XPENG delivered 7,002 Smart EVs, representing a 17% increase over the prior month. Total deliveries for the first quarter of 2023 reached 18,230 vehicles.

The new sports sedan P7i, launched in March for the Chinese market, has generated favorable market reception and its order backlog is gathering strong momentum. A total of 3,030 P7 series sedans were delivered in March, representing a 32% increase month-over-month.

The launch of the new P7i also boosted the Company's store traffic, pushing test drive volume to recent heights. Delivery of the P7i began nationwide in March.

On March 31, 2023, XPENG began the rollout of the first phase of XNGP (NGP: Navigation Guided Pilot) to XPENG G9 Max and P7i Max customers in Guangzhou, Shenzhen and Shanghai, and to XPENG P5 P version customers in Shanghai.

XNGP is China's leading full scenario ADAS platform available in mass-produced models. The Company is accelerating the implementation of XNGP to multiple models across multiple cities in China.

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NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

delivered 31,041 vehicles in the first quarter, slightly above the lower end of its previous guidance range of 31,000 to 33,000 vehicles.  |  NIO US | NIO HK | NIO SG

NIO (NYSE: NIO) delivered fewer vehicles in March than in February, with the first quarter figure barely above the lower end of the previous guidance range.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year ago but down 14.6 percent from 12,157 in February, according to figures it announced today.

That delivery volume included 3,203 SUVs, and 7,175 sedans, the company said, without providing a breakdown of the different models.

NIO delivered 31,041 vehicles in the first quarter, slightly above the lower end of its previous guidance range of 31,000 to 33,000 vehicles.

The deliveries were up 20.46 percent from 25,768 units in the same period last year, though down 22.5 percent from 40,052 in the fourth quarter.

NIO's guidance for first-quarter revenue was RMB 10.93 billion to RMB 11.54 billion when it announced its fourth-quarter earnings results on March 1.

As of March 31, cumulative deliveries of NIO vehicles reached 320,597 units.

Beginning March 28, NIO has rolled out the deployment of its third generation of swap stations in China, each with a service capacity of up to 408 swaps per day, the company said.

As of March 31, NIO had deployed 1,339 battery swap stations and 1,285 charging stations, including 6,467 chargers, worldwide. It also has 1,154 destination charging stations worldwide, including 7,993 chargers.

NIO will accelerate the expansion of its battery swap network and plans to install 1,000 battery swap stations in 2023, it said, repeating a previous goal.

NIO has been gradually releasing NOP+ Beta to NIO Technology 2.0 (NT 2.0) based vehicles. Since its debut on December 27, 2022, more than 30,000 users have activated and participated in the NOP+ Beta, accumulating more than 15 million kilometers, it said today.

Powered by NIO's internally developed full-stack smart driving technology and closed-loop data management, NOP+ Beta has achieved significant improvements in peace of mind, comfort and efficiency, it said.

Going forward, NIO will progressively deliver more features through over-the-air updates to continuously enhance the user's smart driving experience, the company said.

NIO CFO says confident of meeting this year's sales target

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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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CPCA expects China’s Mar NEV retail sales to rise 27.5% from Feb to 560,000 units

The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.

The China Passenger Car Association (CPCA) expects China's new energy vehicle (NEV) sales to continue to recover this month from last month, although growth in the overall passenger car market remains slow.

Retail sales of passenger vehicles in China are expected to be 1.59 million units in March, flat from a year ago and up 14.5 percent from February, the CPCA said in a report late last night.

Among them, retail sales of NEVs are expected to be 560,000 units, up 25.8 percent from a year ago and up 27.5 percent from February, with a penetration rate of 35.2 percent, according to the report.

In mid-March, the overall market discount rate for passenger cars in China was about 14.4 percent, up from 13.9 percent at the end of February, indicating intense price competition in sales channels, the report said.

The Chinese car market performed poorly in January-February amid multiple unfavorable factors, and demand began to be released in March, the CPCA said.

However, the overall market recovered at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by car companies' price-cut marketing, the report said.

Large discounts offered by car companies in Hubei province in early March attracted a lot of consumer attention, but at the same time led to a wait-and-see mood among consumers in other provinces and cities, the CPCA said.

Other local governments have since introduced subsidy policies and car brands have followed suit with promotions, which have boosted store traffic but limited actual order conversion, the CPCA said.

Consumer wait-and-see sentiment further increased, negatively impacting the auto market, the report said.

Average daily retail sales for major Chinese automakers in the first and second weeks of March were 31,500 and 36,700, down 16 percent and 18 percent year-on-year, respectively, according to the report.

Average daily retail sales in the third week are expected to be 40,800, up 10 percent year-on-year, mainly due to a low base from last year as a result of the Covid outbreak in the same period last year.

Considering the upward pulse of car sales at the end of the quarter and promotional policies in some regions, the auto market is expected to maintain its rebound in the fourth and fifth weeks, the CPCA said.

The CPCA usually releases estimates of passenger vehicle sales at the end of the month, with preliminary data released early the following month, followed by final data.

It estimated February NEV retail sales in China at around 400,000 units on February 22, released a preliminary figure of 438,000 units on March 7, and released a final figure of 439,000 units on March 8.

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

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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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