Category: Li Auto

Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

Starting this week, insurance registration data will no longer be available, with Li Auto's sharing a surprise exception.

The major sources that provide insurance registration data for China's auto industry have stopped sharing the data, but Li Auto (NASDAQ: LI) has shared content that allows us to still have access to some of the data.

For the week of April 3 to April 9, Li Auto sold 4,177 units, far outpacing other new car brands and again becoming the weekly sales leader for new brands in the Chinese market, the automaker said yesterday on Weibo.

Li Auto didn't specify what the sales figure was based on, though they were apparently insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice for the past two weeks has been to share some of them on Wednesdays.

The tables shared by the extended-range electric vehicle (EREV) maker show that NIO (NYSE: NIO) vehicles had 1,316 insurance registrations last week, and (NYSE: XPEV) had 904.

Neta vehicles had 1,526 insurance registrations last week, Zeekr had 1,476 and Leapmotor had 1,157.

Li Auto's tables also provided insurance registrations for vehicles from luxury brands in China last week, with Mercedes-Benz in the top spot with 14,817, BMW in second with 13,506, and Audi in third with 10,573.

Tesla came in fourth with 6,973 units and Li Auto in fifth. Lexus was No. 9 with 1,493 units, and NIO was No. 10.

The vendor that provided us with the data said they will not be able to continue to provide such data, saying it was the decision of the data source.

The bloggers who previously shared the data on Weibo have also stopped sharing such data.

China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

The post Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Li Auto to unveil all-electric solution on Apr 18

will let two technology lines develop in parallel, including optimizing the range extender for greater efficiency and making pure electric vehicle technology better, its CEO said last month.  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) is making the transition to pure electric vehicles, and that day may come sooner than many expected.

On April 18, the first day of the Shanghai auto show, Li Auto's all-electric solution will be officially unveiled with the launch of a "dual-energy strategy," the new energy vehicle (NEV) maker announced on its social media platforms late last night.

The upcoming biennial Shanghai auto show will be held at the National Exhibition and Convention Center from April 18-27, with press days from April 18-19 and professional visitor days from April 20-21, while the general public can enter from April 22-27.

Li Auto did not provide any additional information on its all-electric solution, saying only that those interested can visit its booth #6A04 in Hall 6.1 during the Shanghai auto show to learn more.

"We'll be waiting for you at the Shanghai auto show from April 18-April 27, 2023," Li Auto said.

Here's a map of its booth location at the Shanghai auto show, as announced by Li Auto.

Li Auto's current vehicles on sale -- Li L7, Li L8 and Li L9 -- are all extended-range electric vehicles (EREVs) with an electric range of around 200 kilometers and can be refueled.

In terms of product form, SUVs with extended-range technology are a more appropriate choice, and Li Auto's future pure electric models will bring products that are completely different from any other form currently on the market and will not impact existing products, Li Xiang, founder, chairman and CEO of Li Auto, said on Weibo last June.

For pure electric models, Li Auto will launch a product similar to the L series to meet demand in the RMB 200,000 ($2,9100) - $500,000 price range, the company's management said in a call with analysts on February 27 after announcing its fourth-quarter earnings.

Infrastructure is critical for future all-electric models, and users will need a charging experience close to that of a fuel car. Li Auto will use 800 V technology and has built its own silicon carbide module factory, its management said.

Real-world measurements show that Li Auto's products can save about 15 percent of battery capacity compared to mainstream 400 V, IGBT module products, resulting in significant cost reductions, according to the call.

Li Auto will allow two technology lines to develop in parallel, including optimizing the range extender for higher efficiency and making pure electric vehicle technology better, Li said in a March 2 media communication.

Early last month, one of Li Auto's under-construction 800 V charging stations was seen at a highway service area in China, sparking widespread discussion in the Chinese community.

On March 10, 36kr cited sources familiar with the matter as saying that Li Auto's infrastructure build-out will see an "NIO pace" and that the company has set a goal of building about 300 supercharging stations within the year, with about 10 already deployed in highway service areas.

The move is in preparation for the launch of Li Auto's first all-electric model, which will be an all-electric MPV expected to be released by the end of 2023, and ultra-fast charging will be one of the highlights of the vehicle, according to the report.

($1 = RMB 6.8758)

Li Auto to build charging stations at 'NIO pace', report says

The post Li Auto to unveil all-electric solution on Apr 18 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

In the past five weeks, vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.

China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.

In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.

Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.

Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.

vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.

In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.

As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.

Insurance registrations for vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.

In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).

Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.

In the past five weeks, NIO vehicles had 11,929 insurance registrations.

NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.

(NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.

In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.

(NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.

XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.

vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.

had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.

BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.

China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show

The post China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Meituan CEO Wang Xing cuts holdings in Li Auto

Wang Xing has cashed out HK$420 million in the past half month by cutting his stake in , but remains the NEV maker's largest external shareholder.  |  Li Auto US | Li Auto HK

Li Auto's (NASDAQ: LI) largest external shareholder is cutting holdings as the new energy vehicle (NEV) maker continues to see strong delivery performance.

Wang Xing, co-founder and CEO of Chinese food delivery giant Meituan, has cut his stake in Li Auto's Hong Kong-traded shares six times in the past half month and cut his holdings in the automaker's US-traded ADRs three times, according to a Hong Kong Stock Exchange document.

Since March 21, Wang has cashed in about HK$310 million from his cuts in Li Auto's Hong Kong shares and about $14.07 million ($110 million) from his cuts in the automaker's ADRs, for a total of about HK$420 million.

Wang, a non-executive director of Li Auto, saw his stake in Li Auto drop to 22.35 percent after those reductions, still the automaker's top outside shareholder.

After Wang's move generated a lot of attention, Li Auto tried to downplay it.

It was a personal move by Wang, representing a very small percentage of his stake in Li Auto and not involving Meituan's holdings, local media Cailian reported yesterday, citing a response from the carmaker.

It is worth noting that Wang also reduced his stake in Li Auto several times at the end of March last year.

On March 29 and March 30, 2022, Wang cashed in about HK$210 million by reducing his holdings in Li Auto's Hong Kong and US shares.

Wang was one of the earliest backers of Li Auto, leading the car company's Series C funding round in 2019 with a personal contribution of up to $285 million.

In June 2020, Li Auto received $550 million in Series D funding, $500 million of which was led by Meituan.

At the time of Li Auto's US IPO, Meituan subscribed $300 million and Wang personally subscribed $30 million.

Wang and the entities he controls own a total of 22.82 percent of Li Auto, the automaker's 2022 interim report showed.

Li Auto delivered 20,823 vehicles in March, the second time it has exceeded 20,000 after last December, figures it released on April 1 showed.

The deliveries were the second highest for a single month since Li Auto's inception, after a record high of 21,233 vehicles last December.

Li Auto delivered 52,584 vehicles in the first quarter, up 65.8 percent year-on-year and up 13.53 percent from the fourth quarter of last year.

Li Auto was down 3.85 percent to HK$93.7 in Hong Kong at press time. The company is up about 11 percent so far this year in Hong Kong.

($1 = HK$7.8490)

Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb

The post Meituan CEO Wang Xing cuts holdings in Li Auto appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb

This article is being updated, please refresh later for more content.

delivered 20,823 vehicles in March, the second time after last December that it exceeded 20,000, figures released today show.

This represents a 25 percent increase over February's 16,620 vehicles and an 88.72 percent increase over the 11,034 vehicles delivered in the same month last year.

The deliveries are the second highest for a single month since Li Auto's inception, after the previous record high of 21,233 vehicles in December last year.

Li Auto delivered 52,584 vehicles in the first quarter, up 65.8 percent year-over-year and up 13.53 percent from the fourth quarter last year.

The company provided guidance of 52,000 to 55,000 vehicles delivered and revenue guidance of RMB 17.45 billion to RMB 18.45 billion for the first quarter when it announced its fourth quarter earnings on Feb. 27.

As of March 31, 2023, the cumulative deliveries of Ideal Vehicles were 309,918 vehicles.

The following is a press release from Li Auto and the CnEVPost article is being updated.

Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year.

This took the Company's first quarter deliveries to 52,584, up 65.8% year over year. The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March.

“We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation. As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China's premium NEV manufacturers to achieve this milestone,” commented Xiang Li, chairman and chief executive officer of Li Auto.

“We are also very excited to see that Li Auto has captured nearly 20% market share in the RMB300,000 to RMB500,000 SUV market in China, and become a brand of choice among premium family SUVs, demonstrating our product strengths and users' widespread recognition. Finally, we will begin to deliver Li L7 Air and Li L8 Air in April.”

As of March 31, 2023, the Company had 299 retail stores in 123 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.

The post Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb appeared first on CnEVPost.

For more articles, please visit CnEVPost.

The common feature of NIO, Li Auto, XPeng’s mobile apps? Pretty girls!

and 's mobile apps have been featuring pretty girls significantly more often lately, while is running a campaign to encourage users to share such content on its app.

Whenever we open the NIO (NYSE: NIO) mobile app to see what's going on at the company, there are always posts with lots of pictures of pretty girls on the front page.

This practice has been seen occasionally before, but has become more frequent this year with the large deliveries of the ET5 sedan.

We found a similar practice after taking a deeper look at the mobile apps of Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV), with the latter launching a campaign to encourage ladies to make similar posts.

The NIO App is a great source for monitoring information about NIO and a great way for many people to learn about the company's developments and vehicle models.

The app has probably the largest number of users of any Chinese carmaker, and may even surpass many popular apps from local tech giants.

As of December 12, 2022, the NIO App had accumulated more than 5 million registered users, Qin Lihong, the company's co-founder and president, said in a media communication late last year.

Qin said at the time that NIO App had more than 380,000 daily active users and could reach more than 400,000 at its peak.

"Now many people treat NIO App as a vertical media, and a popular one. Not only the content shared by NIO users, but I believe you can also get a lot of industry information, including the latest news, from our app," Qin said.

Before this year, pretty girls didn't appear in the NIO App very often, perhaps because the company had previously been delivering models with high prices and targeted mainly a relatively affluent demographic.

With the mass delivery of the ET5, which targets a younger demographic, pretty girls are appearing significantly more often in the NIO App.

In January-February, NIO delivered 20,663 vehicles, of which the ET5 contributed 12,266, or 59 percent, according to data monitored by CnEVPost.

More than half of NIO owners are ladies, and 83.9 percent have a bachelor's degree, according to a report released last month by local market research firm Sino Monitor.

The Li Auto App shows a similar picture, especially as deliveries of the new SUV Li L7 begin.

Li Auto targets family users, and the Li L9 and Li L8 are both six-seat models. The large space and well-considered details make them a must-consider option for many families with children when purchasing a car.

Before this year, the Li Auto App showcased posts shared from users that essentially described how the vehicles had worked for their families.

But as deliveries of the company's first five-seat SUV, the Li L7, begin this month, there are more posts with photos of pretty girls, although the company is still emphasizing that the SUV is still aimed at families.

There are relatively fewer posts with photos of pretty girls in XPeng's mobile app, but that doesn't mean the company doesn't want to recommend such content.

Earlier this month, the company posted a thread on the XPeng App calling on female car owners to share their experiences with their cars, and prizes will be awarded for the best content.

The campaign runs from March 2 to March 31, and XPeng will announce which ones have won rewards on April 5.

Understandably, NIO, Li Auto and XPeng are doing this. After all, articles with pictures of pretty girls are more likely to attract readers to click on them, thus increasing people's understanding of their products.

NIO and Li Auto have done better in this regard, in large part perhaps because their helmsmen were previously the founders of two of China's largest automotive media outlets.

Li Xiang, the founder, chairman and CEO of Li Auto, is the founder of Auto Home, and William Li, the founder, chairman and CEO of NIO, is the founder of Yiche. The websites of these two auto media outlets attract tens of millions of users every day, and posts with pictures of pretty girls are common.

Here are screenshots of some of the content recommended on the NIO App homepage.

Here are screenshots of some of the content recommended on the Li Auto App homepage.

Below are screenshots of some of the content from the XPeng App.

The post The common feature of NIO, Li Auto, XPeng's mobile apps? Pretty girls! appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Li Auto sees L-series models exceed 100,000 cumulative deliveries

In the price range of RMB 300,000-500,000, has a market share of nearly 20 percent, it said.  |  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) saw a milestone in cumulative deliveries of the three L-series models currently on sale.

Li Auto vehicles had more than 5,000 insurance registrations last week, and the L-series models have seen more than 100,000 cumulative deliveries, the automaker announced Wednesday on Weibo.

It took just seven months to reach the milestone since the L-series models were delivered, Li Auto said.

Li Auto's current offerings are all extended-range electric vehicles (EREVs), which have an all-electric range of about 200 kilometers and can be refueled.

The company's first model, the Li ONE, which was discontinued last year, had accumulated 203,925 deliveries by the end of January, according to data monitored by CnEVPost.

The first model in Li Auto's L series is the flagship Li L9, which was launched on June 21, 2022 and began deliveries on August 30 last year.

From September last year to February this year, Li L9 accumulated 54,268 units delivered, according to data monitored by CnEVPost from Li Auto and China Passenger Car Association (CPCA).

On September 30, 2022, Li Auto launched the Li L8, the second model in its L series. Deliveries of the Li L8 began on November 10, with cumulative deliveries of 29,773 units as of the end of February.

On February 8, Li Auto launched the Li L7, and deliveries of the model began on March 11.

Insurance registrations for Li Auto vehicles were 5,081 for the week of March 20 to March 26, the company announced yesterday, in line with CnEVPost's report on Tuesday.

In the price range of RMB 300,000 ($43,480)-500,000, Li Auto has close to 20 percent market share as the luxury SUV brand of choice for families, it said.

Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 units.

Li Auto is expected to announce its March deliveries on April 1, having delivered 15,141 and 16,620 vehicles in January and February, respectively.

($1 = RMB 6.9000)

Li Auto sees cumulative deliveries exceed 300,000 units

The post Li Auto sees L-series models exceed 100,000 cumulative deliveries appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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

The post China NEV insurance registrations for week ending Mar 26: BYD 43,490, Tesla 15,886, NIO 1,909 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031