Smart and Sustainable Electric Mobility
BYD's NEV sales ended a 10-month streak of growth, as the Chinese New Year holiday took its toll on sales.
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Neta's flagship sedan Neta S delivered 1,517 units in January, for a cumulative total of 3,722 units since deliveries began in late November.
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NIO said it delivered 2,190 SUVs and 6,316 sedans in January, without providing a breakdown of specific models.
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Zeekr's factory resumed production on February 1 after a 21-day shutdown, the company said.
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Li Auto's deliveries in January were down from December due to the negative impact of the Chinese New Year holiday, a seasonal factor.
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Sales of NEVs in China have declined significantly over the past two weeks, but this is to be expected as the vast majority of last week was during the Chinese New Year holiday.
The post China NEV insurance registrations for 2 weeks ending Jan 29: BYD 29,988, Tesla 10,852, NIO 3,435 appeared first on CnEVPost.
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This represents a year-on-year increase of 1013 percent-1179 percent, and a quarterly increase of 17 percent-35 percent.
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China EV stocks are up an average of 20 percent year-to-date but have underperformed China tech ADRs since December, likely due to investor concerns about weak first-quarter sales and increased competition, according to Edison Yu's team.
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In terms of penetration, new registrations of NEVs in Shanghai contributed 53 percent of all new vehicle registrations in 2022.
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A facelift of the XPeng P7 is expected to debut in March, the new SUV G7 is expected to be unveiled at the Shanghai auto show, and an MPV model is scheduled to begin mass production in September, according to local media.
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