Smart and Sustainable Electric Mobility
BYD, Hozon and SAIC together accounted for more than 68 percent of the Southeast Asian BEV market in the first quarter.
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The new Neta S has a starting price of RMB 159,800, which is RMB 30,000 lower than the RMB 189,800 of the old model.
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Between July 1 and 16, Nio sold 8,000 units, Li Auto 16,900 and Xpeng 3,500 units.
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Tesla sold 3,200 units last week, Nio 3,100 and Xpeng 1,200.
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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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Neta delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.
Neta Auto, Hozon Auto's electric vehicle (EV) brand, saw deliveries slip last month after four months of sequential growth.
Neta delivered 12,132 vehicles in June, down 6.88 percent from 13,029 in May and down 7.79 percent from 13,157 in the same month last year, according to data released today.
June deliveries included 1,201 vehicles delivered overseas, according to Neta, which is the first time it has released overseas delivery figures.
Neta's electric sports car, the Neta GT, delivered 1,298 units in June, according to the company, which did not disclose figures for other models.
The company delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.
In the first half of the year, Neta delivered 62,417 vehicles, down 1.13 percent from 63,131 units in the same period last year.
Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles have been priced primarily to target the lower end of the market over the past few years. The Neta V and Neta U currently start at RMB 83,900 (11,570) and RMB 118,800 in China, respectively.
The Neta S, its first effort at the premium end of the market, hit the market in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.
On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car for a starting price of RMB 178,800 to RMB 227,800. Deliveries of the model began on May 13.
(Image credit: CnEVPost)
Neta announced its strategy to enter overseas markets in November 2021, with the first stop being Thailand.
The right-hand drive version of the Neta V was launched in Thailand on August 24, 2022, its first model offered there.
On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.
On June 6, Neta announced that 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 units were sent to overseas markets in March.
($1 = RMB 7.2523)
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Nio sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.
For the week of June 19 to June 25, Li Auto (NASDAQ: LI) sold 7,500 units, continuing to lead among China's new car-making brands, the company said today on Weibo.
As of June 25, Li Auto has sold 27,300 units this month and is on track to reach its 30,000-unit monthly sales goal, it said.
Li Auto didn't explain what that weekly sales tally was based on, but apparently they are insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
Nio (NYSE: NIO) sold 3,200 units last week and 8,000 units from June 1 to June 25, according to figures shared by Li Auto.
Notably, June 22 to June 24 was a three-day Dragon Boat Festival holiday, and June 25 was a Sunday, but a working day after the holiday.
Nio's weekly sales have continued to grow over the past three weeks, as deliveries of new models began. It was 1,500 units in the week of June 5 to June 11 and 2,000 units in the week of June 12 to June 18.
Nio officially launched the new ES6 on May 24 and the ET5 Touring on June 15.
Deliveries of the new ES6 began on the night of the launch on May 24, and deliveries of the ET5 Touring began on June 16.
In addition to these two new models, Nio will also begin deliveries of the new ES8 on June 28, which was launched on Nio Day 2022 on December 24, 2022.
When Nio reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver between 10,187 and 12,187 vehicles in June.
On June 20, Nio signed a share subscription agreement with Abu Dhabi-based investment firm CYVN Holdings, which will invest a total of about $1.1 billion in it.
Tesla (NASDAQ: TSLA) sold 16,700 units in China last week and 57,300 units from June 1 to June 25, according to figures shared by Li Auto.
In the two weeks prior to last week, Tesla sold 16,400 units and 14,500 units respectively in China.
From June 1 to June 25, Tesla was the top-selling premium brand in China, surpassing Mercedes-Benz's 52,100 units and above Audi's 51,600 units, according to a table by Li Auto.
On June 16, Tesla announced that Chinese consumers who purchase and take delivery of an already produced rear-wheel drive version of the Model 3 this month will receive an insurance subsidy of RMB 8,000 ($1,110).
Xpeng (NYSE: XPEV) sold 2,600 units last week and 6,400 units from June 1 to June 25.
Xpeng began pre-sales of the G6 on June 9 at a price starting at RMB 225,000, significantly lower than the Tesla Model Y's starting price of RMB 263,900 in China.
The Xpeng G6 received more than 25,000 orders within 72 hours of the start of the pre-sale, the company announced on Weibo on June 12.
The G6 show cars were already available at Xpeng stores, and the model will officially go on sale June 29 with deliveries starting in July, the company said earlier this month.
Leapmotor sold 3,100 units last week and 10,600 units from June 1 to June 25.
On June 20, Leapmotor announced that it had reached 200,000 cumulative deliveries since its inception.
Leapmotor delivered 12,058 vehicles in May and had 192,962 cumulative deliveries by the end of May, according to data monitored by CnEVPost.
Zeekr sold 2,600 units last week and 6,900 units between June 1 and June 25. It began deliveries of its third model, the Zeekr X, on June 12.
Denza sold 2,400 units last week, and 8,300 units from June 1 to June 25.
Denza, which currently has only the Denza D9 MPV on sale, will officially launch the Denza N7 on July 3, its first SUV since the rebranding last year.
The Denza N7 is aimed at the market for traditional internal combustion engine vehicles priced around 400,000 yuan, an executive said earlier.
Neta sold 1,900 units last week and 6,700 between June 1 and June 25.
A total of 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 were sent to overseas markets in March, the company said on June 6.
Great Wall Motor's Wey brand sold 1,500 units last week and 5,000 units from June 1 to June 25.
Changan Automobile's NEV subsidiary Deepal sold 1,500 units last week and 4,900 units from June 1 to June 25.
Huawei-backed Aito sold 1,200 units last week, and 3,200 units from June 1 to June 25.
($1 = RMB 7.2181)
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Correction: Fixed the error in the last table.
NIO was 2,000 units last week. Its sales from June 1 to June 18 were 4,800 units.
In the week of June 12 to June 18, Li Auto sold 7,800 units, continuing to lead among China's new car makers, the company said today on Weibo.
As of June 18, Li Auto had sold 19,800 units this month, and the company will aim to achieve a monthly sales target of more than 30,000 this month, it said.
Li Auto didn't explain what that weekly sales tally was based on, but apparently they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.
Li Auto delivered 28,277 vehicles in May, up 145.97 percent year-on-year and up 10.11 percent from April, the third consecutive month to exceed the 20,000-unit mark.
Li Auto's current least expensive model, the five-seat Li L7, achieved its second consecutive month of more than 10,000 deliveries in May, the company said on June 1.
On Li Auto's Family Tech Day event on June 17, the Li L7 sold more than 1,000 units in a single day for the first time, the company's founder, chairman and CEO Li Xiang said on June 18.
Tesla (NASDAQ: TSLA) sold 14,500 units in the week of June 12 to June 18, lower than the 16,400 units sold in the previous week, according to figures shared by Li Auto.
From June 1 to June 18, Tesla sold 40,600 units in China, the highest number of vehicles, including internal combustion engine vehicles, for premium brands.
NIO (NYSE: NIO) was 2,000 units last week, up from 1,500 units the week before.
Between June 1 and June 18, NIO sold 4,800 units.
NIO officially launched the new ES6 on May 24 and rolled out the ET5 Touring on June 15.
The company had produced some of the vehicles in the designer-recommended configuration combinations for quick delivery prior to the launch of both models.
Deliveries of the new ES6 began on the night of the May 24 launch, and deliveries of the ET5 Touring began on June 16.
XPeng (NYSE: XPEV) was at 1,600 units last week and 3,800 units from June 1 to June 18.
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From June 1-11, NIO sold 2,800 units and Tesla 26,000 units.
Li Auto (NASDAQ: LI) continued to flex its muscles, showing strong sales last week while its two local peers, NIO (NYSE: NIO) and XPeng (NYSE: XPEV), remained weak.
For the week of June 5 to June 11, Li Auto sold a record 8,400 units, the company said today on Weibo.
That's far more than other new car-making brands and more than the second, third and fourth places on the list combined, it said, adding that Li Auto had sold 11,900 units this month as of June 11.
Li Auto continues to rank in the top five luxury brands sold in the Chinese market and is the highest-ranked Chinese brand on the list, it said.
The company has maintained its focus on premium family customers and has made a strong showing in the segment with its L series models, it said.
With the company's all-electric model and the delivery of the Li L6 next year, Li Auto is confident it will surpass one of the German luxury brands BMW, Mercedes-Benz and Audi in total sales in 2024, it said.
Li Auto did not explain on what basis that weekly sales were tallied, but apparently, they were insurance registrations. The company had suspended sharing those numbers in May, but has later resumed sharing them.
All of the models Li Auto is currently selling are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L9 and Li L8.
The EREV maker guided a month ago for second-quarter deliveries of between 76,000 and 81,000 units, meaning June deliveries are expected to be between 22,042 and 27,042 units, considering it delivered 25,681 and 28,277 units in April and May, respectively.
Tesla (NASDAQ: TSLA) sold 16,400 units last week, putting the June 1-11 cumulative total at 26,000, according to Li Auto. In the previous week, May 29-June 4, Tesla's figure was 14,500 units.
NIO (NYSE: NIO) had 1,500 units last week and 2,800 units this month as of June 11. Its figure for the previous week was 1,700 units.
XPeng (NYSE: XPEV) was at 1,500 units last week and 2,200 units for the month as of June 11. XPeng's figure for the previous week was 2,100 units.
Zeekr was at 1,500 units last week and 2,400 units this month as of June 11. Its figure for the previous week was 2,100 units.
Leapmotor was 3,000 units last week and 4,400 units this month as of June 11. Its figure for the previous week was 3,400 units.
Neta was at 1,900 units last week and 2,800 units this month through June 11. Its figure for the previous week was 2,900 units.
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Neta is actively preparing for entry into the European market and will release a heavyweight global model, it said.
(Image credit: Neta)
Neta Auto, the electric vehicle (EV) brand of Hozon Auto, is sending a new shipment of thousands of EVs to overseas markets for the second time in three months.
A total of 4,000 Neta EVs are being sent abroad, the latest new batch after 3,600 vehicles were sent to overseas markets in March, the company said yesterday in a WeChat post.
Neta did not mention which countries the vehicles will be sent to, although it's possible they will still be in Southeast Asia. A total of 3,600 of the compact SUV Neta V vehicles were sent to Thailand on March 21.
Thailand is Neta's home base for expanding into the ASEAN market, and the Neta V is trusted and loved by local consumers, Neta said yesterday.
From January to April, Neta V ranked second in Thailand with a 16.5 percent share of all-electric vehicle license plate registrations, Neta said, citing data from Thai website AutoLife.
Neta is now actively preparing for its entry into the European market and will participate in the Munich auto show in Germany later this year, and the Neta GT sports car will be launched in overseas markets in the near future, it said.
Neta will also release a heavyweight global model that will accelerate bringing high-quality electric smart cars within reach, it said, without giving further details.
Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles are priced primarily to target the lower end of the market. The company is trying to create a higher-end image with its flagship sedan, the Neta S, and its sports car, the Neta GT.
As the EV market in China becomes more competitive, local car companies including Neta and NIO (NYSE: NIO) are starting to make more efforts to expand overseas.
Unlike NIO, which is targeting the more developed European market, Neta is focusing its initial efforts on overseas expansion in Southeast Asia.
On August 24, 2022, the right-hand drive version of the Neta V was launched in Thailand as its first model to be offered there.
On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.
Neta delivered 13,029 units in May, up 18.35 percent from 13,029 units in the same month last year and up 17.59 percent from 11,080 units in April, according to data released by the company on June 1.
From January to May this year, Neta delivered 50,285 vehicles, up 0.62 percent from 49,974 in the same period last year, data monitored by CnEVPost showed.
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