Smart and Sustainable Electric Mobility
In the first half of the year, China's NEV sales amounted to 3,745,000 units, contributing 28.3 percent of all vehicle sales.
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The Xpeng G9 sold 1,025 units in June, the P5 1,721 units and the G3 series 434 units.
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Nio ET5 and ET5 Touring sold 2,479 and 1,339 units in June, contributing 30.67 percent and 16.57 percent of deliveries, respectively.
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PHEVs sold a record 217,000 units at retail in June, contributing 32.6 percent of NEV retail sales and up 100.2 percent year-on-year.
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In June, Tesla had an 11.16 percent share of the Chinese NEV market and a 16.53 percent share of the Chinese BEV market.
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By the end of June, China's pure electric vehicle ownership stood at 12.594 million, accounting for 77.8 percent of total NEVs.
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This is below the CPCA's June 25 estimate of about 670,000 units.
Retail sales of passenger new energy vehicles (NEVs) in China were 638,000 units in June, up 19 percent year-on-year and up 10 percent from May, according to preliminary data released today by the CPCA.
On June 25, the CPCA estimated in a report that China's retail sales of passenger NEVs in June would be around 670,000 units. The latest preliminary figures have been revised downward from the previous estimate.
From January to June, retail sales of passenger NEVs in China were 3.06 million units, up 36 percent year-on-year, according to the CPCA.
Wholesale sales of passenger NEVs in China were 744,000 units in June, up 30 percent year-on-year and up 10 percent from the previous month.
From January to June, wholesale sales of passenger NEVs in China were 3.53 million units, up 43 percent year-on-year.
Retail sales of all passenger vehicles in China were 1.896 million units in June, down 2 percent year-on-year but up 9 percent from May, according to the CPCA.
This means that the penetration of passenger NEVs at retail in June was 33.64 percent, up from 31.66 percent in May.
Retail sales of all passenger vehicles in China from January to June were 9.528 million units, up 3 percent year-on-year.
Wholesale sales of passenger cars in China increased 2.23 million units in June, up 2 percent year-on-year and up 11 percent from May.
From January to June, China's wholesale passenger vehicle sales were 11.06 million units, up 9 percent year-on-year.
The following is the CPCA's weekly retail sales performance for the Chinese passenger vehicle market for June, as announced today:
For the first week of June, June 1-4, passenger vehicle daily retail sales averaged 31,000 units, down 9 percent year-on-year and down 42 percent from the same period in May.
In the second week of June, from June 5-11, the average daily retail sales of passenger cars were 43,000 units, down 10 percent year-on-year and 14 percent lower than the same period in May.
In the third week of June, June 12-18, average daily retail sales of passenger cars were 58,000 units, down 2 percent year-on-year but up 21 percent from the same period in May.
In the fourth week of June, June 19-25, average daily retail sales of passenger cars were 75,000 units, up 9 percent year-on-year and up 53 percent from the same period in May.
In the fifth week of June, from June 26-30, the national passenger car market averaged 108,000 daily retail sales, down 7 percent year-on-year and up 30 percent from the same period in May.
China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900
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The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.
Li Auto (NASDAQ: LI) yesterday shared the insurance registrations of some of the car companies last week to showcase its leadership among the new car-making brands.
Local auto media outlet Dongchedi then shared the rankings they produced, providing more details.
It should be noted that the two shared slightly different data on a few of the car companies' numbers, although the differences were minor, which may have to do with their rounding practices.
In the week between June 26 and July 2, BYD (OTCMKTS: BYDDY) had the highest number of new energy vehicle (NEV) insurance registrations in China at 54,000, according to what Dongchedi shared.
Tesla was in second place at 17,300 units. Tesla was 17,400 units in the data shared by Li Auto yesterday.
GAC Aion was in third place with 11,600 units last week, and Li Auto was fourth with 6,500 units.
Volkswagen's NEV sales were 3,900 units last week, ranking 8th, according to Dongchedi.
When considering only Chinese brands, BYD, GAC Aion and Li Auto were the top three, with Nio (NYSE: NIO) in sixth place.
The Tesla Model Y was the best-selling new energy SUV in China last week with 10,800 units sold. BYD Yuan Plus and BYD Song Plus DM-i were second and third, respectively, with 6,200 and 5,700 units sold.
Li Auto's Li L7 sold 2,800 units last week, ranking 7th.
Nio's ES6 was No. 10 at 1,900 units. The new ES6 was officially launched on May 24 and still seems to be in the capacity ramp-up phase.
The Tesla Model 3 sold 6,400 units last week and was the best-selling new energy sedan in China, according to data shared by Dongchedi.
BYD Dolphin came in second with 6,100 units and GAC Aion S was third with 6,000 units.
China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100
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In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.
China's wholesale sales of passenger new energy vehicles (NEVs) are expected to be 740,000 units in June, up 10 percent from May and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In May, the 12 manufacturers with more than 10,000 NEVs sold at wholesale contributed 82.8 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 611,000 units in June, and the normal structure would put China's June wholesale sales of passenger NEVs at around 740,000 units, the CPCA said.
In the January-June period, China's wholesale sales of passenger NEVs are expected to be 3.53 million units, up 44 percent from a year earlier, according to the report.
In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.
China's passenger NEV market maintained strong growth in June, continuing May's trend with sales reaching an all-time high, the CPCA said.
With the launch of a large number of competitive new products and increased promotions in the second quarter, consumers' enthusiasm for buying was gradually released, the report said.
Manufacturers and dealers are actively carrying out various promotional activities to achieve their semi-annual targets, and coupled with local government subsidies, NEV retail sales continue to improve, the CPCA said.
Passenger vehicle sales in China are expected to be 23.5 million units in 2023, with 8.5 million units of NEVs sold and penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.
For the full year 2022, China's wholesale sales of passenger NEVs are expected to be 6.5 million units, up 96.3 percent year-on-year.
Here are the CPCA's June NEV wholesale sales figures for major automakers.
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Nio's sales of 4,100 units last week are second only to Li Auto in the table.
Li Auto (NASDAQ: LI) shares last week's sales of major new car makers in China, showing how it and its major peers fared.
For the week of June 26 to July 2, Li Auto sold 6,500 units, continuing to top the sales chart for China's new car-making brands, the company said today on Weibo.
Li Auto did not explain on what basis the weekly sales were measured, but apparently they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
In June, Li Auto exceeded 30,000 monthly deliveries for the first time, making it the fifth luxury brand to exceed 30,000 monthly deliveries after Mercedes-Benz, BMW, Audi and Tesla, and the only Chinese luxury brand among them, it said.
In July, Li Auto will challenge higher sales targets to become the luxury car brand of choice for more families, the company said.
Li Auto released data on July 1 showing it delivered a record 32,575 vehicles in June, the first time it has surpassed the 30,000 mark.
In the second quarter, Li Auto delivered 86,533 vehicles, up 201.65 percent year-on-year and up 64.56 percent from the first quarter, exceeding the upper end of its previously provided guidance range of 76,000 to 81,000 vehicles.
In the first half of the year, Li Auto delivered 139,117 vehicles, up 130.31 percent year-on-year, surpassing last year's full-year deliveries of 133,246.
Nio (NYSE: NIO) sold 4,100 units last week, second only to Li Auto among China's new car-making brands.
Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year.
The deliveries included 6,383 SUVs, and 4,324 sedans, Nio said on July 1, without disclosing figures for specific models.
In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from a year ago and down 24.23 percent from the first quarter. The deliveries were slightly above the lower end of the guidance range it provided on June 9 of 23,000 to 25,000 vehicles.
In the first half of the year, Nio delivered 54,561 vehicles, an increase of 7.35 percent year-on-year.
Nio's delivery rebound in June was helped by the start of deliveries of several new models, especially the new ES6.
The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, with deliveries starting on launch night.
On June 15, Nio launched the ET5 Touring in China, with deliveries starting on June 16.
On June 28, Nio began deliveries in China for the new ES8, the flagship SUV launched on Nio Day 2022 on December 24, 2022.
Tesla (NASDAQ: TSLA) sold 17,400 units last week, ranking fourth among premium brands, according to the table shared by Li Auto.
The top-selling premium brands in China last week continued to be German luxury brands BMW, Audi and Mercedes-Benz, with 20,800, 20,500 and 19,600 respectively.
Li Auto was No. 6 in premium brand sales, behind Cadillac. Nio was No. 9, behind Volvo and Lexus.
Leapmotor was at 3,400 last week, Neta at 3,200, Zeekr at 3,100 and Xpeng (NYSE: XPEV) at 2,700.
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