Within the first week of January, China’s NEV retail gross sales have been down 12 p.c from the identical interval in December, whereas NEV wholesale gross sales have been down 35 p.c.
(Picture credit score: CnEVPost)
The start of the yr and the beginning of the month is often a low level for car gross sales in China, and the most recent figures from the China Passenger Automotive Affiliation (CPCA) present how this performed out.
From January 1-7, retail gross sales of passenger new vitality automobiles (NEVs) in China totaled 114,000 models, up 66 p.c from the identical interval final yr, however down 12 p.c from the identical interval final month, in line with knowledge launched on January 11 by the China Passenger Automotive Affiliation (CPCA).
In January 1-7, China’s passenger NEV wholesale gross sales have been 89,000 models, up 26 p.c from the identical interval final yr however 35 p.c decrease than the identical interval in December, in line with the CPCA.
In January 1-7, China’s retail gross sales of all passenger automobiles have been 378,000 models, up 21 p.c from the identical interval final yr and up 14 p.c from the identical interval final month.
Which means that in January 1-7, China’s NEV penetration at retail was 30.2 p.c.
Within the first week of January — January 1-7 — the common every day retail gross sales of passenger automobiles in China have been 54,012 models.
Throughout January 1-7, wholesale gross sales of passenger automobiles in China have been 329,000 models, or a every day common of 47,018 models, up 14 p.c from the identical interval final yr and up 3 p.c from the identical interval final month.
The CPCA did not point out gross sales by particular automakers within the first week of January, although figures shared by Li Auto (NASDAQ: LI) earlier this week supplied some reference.
For the week of January 1-7, Li Auto’s gross sales, measured by insurance coverage registrations, have been 4,300 models, down 69.50 p.c from 14,100 models the week earlier than.
Nio (NYSE: NIO) had 3,000 insurance coverage registrations final week, down 47.37 p.c from 5,700 within the earlier week.
Xpeng (NYSE: XPEV) was at 1,400 final week, down 70.83 p.c from 4,800 the week earlier than.
Tesla (NASDAQ: TSLA) had 3,200 insurance coverage registrations in China final week, down 79.75 p.c from 15,800 the week earlier than.
BYD (OTCMKTS: BYDDF) had 44,400 insurance coverage registrations in China final week, down 42.19 p.c from 76,800 within the earlier week.
China EV insurance coverage registrations for week ending Jan 7: Nio 3,000, Xpeng 1,400, Li Auto 4,300, Tesla 3,200