The second week of December saw some interesting developments in the China EV market, with a mix of growth and decline among the major players. Nio continued its upward trajectory with a 19% increase in registrations, while Xiaomi also saw a 7% growth. However, Tesla experienced a 16% decline, and BYD was the standout performer with a 15% increase from the previous week.
Nio’s brand Onvo also showed strong growth, registering 1,715 units, a 23% increase from the previous week. The weekly sales data, provided by Li Auto, is based on insurance registration data and includes new energy vehicles (NEVs) such as BEVs, PHEVs, EREVs, and FCEVs.
BYD maintained its lead in the market with 97,800 registrations, a 15.1% increase from the previous week and an impressive 89.2% rise year-over-year. Wuling recorded 21,800 registrations, a slight increase of 1.9% week-over-week and a solid 83.2% growth compared to the same period last year.
Tesla registered 18,500 units, a 15.5% decline from the previous week, but with a modest 1.1% increase year-over-year. Li Auto achieved 14,100 registrations, up 11.9% week-over-week and 24.8% compared to last year, while Geely saw 12,900 registrations, a significant 72.0% increase from the previous week.
Leapmotor registered 10,000 units, reflecting a 17.6% week-over-week increase and a remarkable 150.0% growth compared to last year. Aion recorded 7,800 registrations, up 13.0% from the previous week, and Deepal registered 7,700 units, marking a 13.2% increase week-over-week and a strong 148.4% rise year-over-year.
Xpeng achieved 7,200 registrations, a 2.9% increase from the previous week and a 50.0% rise compared to last year. Aito reported 6,700 registrations, an 11.7% week-over-week increase, while Xiaomi Auto registered 5,800 units, reflecting a 7.4% increase from the previous week.
Xiaomi surpassed 100,000 delivered units in November with an annual target of 130,000. Zeekr recorded 5,200 registrations, down 3.7% week-over-week but showing a 136.4% increase year-over-year. Nio’s brand registered 4,400 vehicles, an 18.9% increase from the previous week and a 29.4% rise year-over-year.
In the first two weeks of December, Nio brand registered 8,100 cars in China, with Onvo registering 1,715 units, up 22.5% from the previous week. Onvo’s president, Alan Ai, reiterated the goal of delivering 10,000 Onvo L60 cars in December.
Nio’s group registrations in the first two weeks of December totaled 11,215 units, with a delivery target of 30,449 for the month. Luxeed saw 3,400 registrations, up 3.0% week-over-week, and Denza recorded 3,200 units, with a 14.3% increase year-over-year.
Overall, the China EV market showed a mix of growth and decline in the second week of December, with some brands outperforming others. It will be interesting to see how these trends continue in the coming weeks.
