Vehicle insurance registrations for many NEV companies continued to rebound last week, with Tesla registering significant growth.
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Insurance registrations for most new energy vehicle (NEV) brands in China were flat or up slightly last week compared to the previous week, the latest figures show.
BYD and NIO's numbers were higher than the previous week, while Tesla's were lower than the previous week.
Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.
Neta is undergoing a supply chain restructuring to address the Neta S capacity shortage, which is expected to be completed in the next 2-3 months.
Neta raised the prices of all its models on January 4, but two days later Tesla sharply lowered the prices of the Model 3 and Model Y in China.
The skateboard chassis enables a high level of integration never before seen in a car chassis, helping to significantly reduce development cycles and costs.
Neta's sales of 152,073 units in 2022 are the highest of China's major new car makers, but its flagship model starts at half the average sales price of NIO models.