Category: Tesla

China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, NIO 2,000

Correction: Fixed the error in the last table.

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, 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.

(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.

(NYSE: XPEV) was at 1,600 units last week and 3,800 units from June 1 to June 18.

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SK Signet to launch EV chargers with Tesla NACS charging standard this year

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Continue reading SK Signet to launch EV chargers with Tesla NACS charging standard this year

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Tesla offering free Supercharging to entice Model 3 buyers

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Toyota Land Cruiser returns, Porsche shows Mission X | Autoblog Podcast # 785

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Plus Cybertruck woes, new Chevy Bolt, Chrysler 300C and more

Continue reading Toyota Land Cruiser returns, Porsche shows Mission X | Autoblog Podcast # 785

Toyota Land Cruiser returns, Porsche shows Mission X | Autoblog Podcast # 785 originally appeared on Autoblog on Fri, 16 Jun 2023 13:00:00 EDT. Please see our terms for use of feeds.

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Tesla starts offering insurance subsidies for car purchases in China again

From June 16 to June 30, Chinese consumers can receive an RMB 8,000 insurance subsidy if they purchase a rear-wheel drive version of the Model 3 that has already been produced.

(Image credit: CnEVPost)

(NASDAQ: TSLA) first started offering insurance subsidies in China last September, and cut its prices about a month later.

Now the electric vehicle (EV) maker is offering the subsidy again, but this time the situation may be more complicated.

From June 16 to June 30, Chinese consumers who buy and complete delivery of an already produced rear-wheel drive version of the Model 3 will be eligible for an insurance subsidy of RMB 8,000 ($1,120), according to a poster by Tesla on Weibo today.

Tesla has a factory in Shanghai that produces the Model 3 sedan and the Model Y SUV. The Model 3 is available in two versions -- a rear-wheel drive version and a dual-motor all-wheel drive Model 3 Performance, starting at RMB 231,900 and RMB 331,900 respectively.

For customized vehicles, the expected delivery dates for both versions of the Model 3 are 1-4 weeks, consistent with previous information on Tesla's China website.

In addition to the RMB 8,000 insurance subsidy, Chinese consumers who purchase the Model 3 rear-wheel drive version in stock now can also receive a loan option with a lower interest rate, Tesla's poster shows, without providing details.

On September 16, 2022, Tesla began offering subsidies for owners to purchase vehicle insurance in China after the wait times for Model 3 and Model Y custom vehicles saw multiple reductions in the previous two months.

At that time, the subsidy was valid from September 16 to September 30, and consumers who chose to purchase insurance in a Tesla store could receive a subsidy of RMB 8,000 for new Model 3 and Model Y vehicles.

On October 1, 2022, as the subsidy expired, Tesla extended it to the end of last year.

On October 24, 2022, Tesla cut the prices of the entire Model 3 and Model Y lineup in China, with the entry-level Model Y dropping below RMB 300,000 to take advantage of the then-available state subsidy.

It is worth noting that the latest move by Tesla may involve the upcoming launch of an improved version of the model.

On March 1, Reuters reported that Tesla was working to retool its Shanghai assembly plant for a revamped version of the Model 3, a project codenamed Highland by Tesla.

The Highland version of the Model 3 is expected to go into production in Shanghai in September, the Reuters report said, citing a person familiar with the matter.

With Highland, Tesla aims to cut production costs and boost the appeal of the electric sedan, which debuts in 2017, people involved in the project said.

On May 16, a Bloomberg report cited people familiar with the matter as saying that Tesla was nearing the final stages before starting trial production of its updated Model 3 sedan in Shanghai.

Tesla sold 42,508 units at retail in China in May, ranking third in the country's new energy vehicle market with a 7.3 percent share, according to data released by the China Passenger Car Association (CPCA) on June 9.

Model 3 retail sales in China in May were 11,454 units, up 189.97 percent year-on-year, but down 13.20 percent from April.

Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April.

The Model Y was the best-selling SUV in China in May, ahead of the second-place Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units.

Tesla Model Y best-selling SUV in China in May with 31,054 units sold

($1 = RMB 7.1301)

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Tesla, NIO to take part in Shenzhen auto show starting Jun 16

This will be 's first presence at an auto show in China since April 2021, and will exhibit the ET5 Touring at the event and will hold a brief press conference on June 16.

(Image shows NIO's booth at the Shanghai auto show in April 2023. Credit: CnEVPost)

The southern Chinese city of Shenzhen will host an auto show starting this Friday, with Tesla (NASDAQ: TSLA) and new Chinese carmakers including NIO (NYSE: NIO) participating.

The 2023 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show (Auto Shenzhen 2023) will be held at the Shenzhen Convention and Exhibition Center starting June 16, where Tesla is one of the main exhibitors, according to information released today by the show's organizers.

This will be Tesla's first participation in an auto show in China since the Shanghai auto show in April 2021.

On April 19, 2021, on the first day of the last Shanghai auto show, a female owner got on the roof of a car at the Tesla booth and accused Tesla of brake failure. As of today, the dispute is still ongoing.

Since the drama, Tesla has not participated in any more auto shows in China, including the 2023 Shanghai auto show two months ago.

June 16 is the media day for the upcoming show, and general admission will be available from June 17 to June 24.

Tesla's booth is located in Hall 9 on the 1st floor, next to 's (NYSE: XPEV) booth. The booths of -backed AITO, Smart, Leapmotor, Rising Auto, and Voyah are also in the area.

NIO will also be at the show and will be showcasing the ET5 Touring, according to the event's organizers.

The day before that show starts, NIO will launch the ET5 Touring in China on June 15, with its launch event starting at 19:00 Beijing time. The company will also launch the ET5 Touring and the new ES6 in Europe a few hours later on the same day.

NIO's booth at the Shenzhen auto show is in Hall 3, near the booths of Bentley and Lotus. The company will hold a press conference at the show on June 16 from 10:00 to 10:30.

The last show, Auto Shenzhen 2022, started on May 28, 2022 and ran through June 5. It was the first auto show in China last year.

NIO's booth at Auto Shenzhen last year was also in Hall 3, a two-floor area where the first floor displayed the full range of models, a transparent second-generation battery swap station and NIO Power's products. The second floor includes a relaxation area, NIO Cafe, and Joy Camp.

In addition to Tesla, NIO and XPeng, new energy vehicle (NEV) makers including (OTCMKTS: BYDDY), (NASDAQ: LI) and will also participate in Auto Shenzhen 2023.

Store visit: First impression of NIO ET5 Touring before official launch

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China NEV insurance registrations for week ending Jun 11: Tesla 16,400, Li Auto 8,400, NIO 1,500

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

From June 1-11, sold 2,800 units and 26,000 units.

(NASDAQ: LI) continued to flex its muscles, showing strong sales last week while its two local peers, NIO (NYSE: NIO) and (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.

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.

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.

Data table: China NEV weekly insurance registrations

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Tesla Model Y best-selling SUV in China in May with 31,054 units sold

From January to May, the Model Y sold 152,461 units at retail in China, up 87.03 percent year-on-year, and was also the best-selling SUV in China during the period.

's (NASDAQ: TSLA) Model Y was again the best-selling SUV in China in May, with the Model 3 also doing well in a sedan ranking.

Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April, according to a ranking released yesterday by the China Passenger Car Association (CPCA).

This makes the Model Y the best-selling SUV in China in May, ahead of the second-place Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units.

It is worth noting that the BYD Song family was considered as one model in the CPCA's previous rankings. The family includes the Dynasty Series Song Pro and Song Max, as well as the Ocean Series Song Plus.

Song Pro retail sales in May were 13,501 units, placing it at No. 9 in the ranking.

From January to May, Model Y retail sales in China were 152,461 units, up 87.03 percent year-on-year, making it the best-selling SUV in China during this period.

The BYD Song Plus ranked second with 149,485 units in January-May, and the BYD Yuan Plus ranked third with 117,531 units.

Model 3 retail sales in China in May were 11,454 units, up 189.97 percent year-on-year, but down 13.20 percent from April.

The Tesla sedan did not make the top 20 list of best-selling sedans in May, with the 20th place on the list being the Mercedes-Benz C-Class at 11,929 units.

The Model 3 was fifth on the list of premium sedan sales in May. The Mercedes-Benz E-Class was No. 1 with 14,600 units, the BMW 3 Series was No. 2 with 14,009 units and the Audi A6L was No. 3 with 13,154 units.

From January to May, Model 3 retail sales in China were 67,432 units, up 76.89 percent year-on-year, making it the best-selling premium sedan during this period.

The Audi A6L ranked second with 64,272 units from January to May, and the Mercedes-Benz E-Class ranked third with 61,244 units.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. Their combined retail sales in China in May were 42,508 units, ranking third in China's NEV market with a 7.3 percent share, according to data released by the CPCA on June 9.

Tesla's Shanghai plant exported 35,187 vehicles in May, up 57.51 percent year-on-year, but down 1.95 percent from April, data monitored by CnEVPost showed.

Tesla delivers 42,508 vehicles in China in May, taking 7.3% share of NEV market

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