The article is being updated with details.
The 22nd week of the year (May 27 – Jun 2) had mixed results. Xiaomi weekly sales were down about 20%, BYD was down 3%, Nio was strongly up nearly 25% and Tesla rose 16%.
Li Auto publishes the weekly sales data, which resumed publishing registration data after a few weeks without any official explanation. The numbers are rounded and present new energy vehicles (NEV), the Chinese term for BEVs, PHEVs, and EREVs (range extenders). To be completely precise, it also includes hydrogen vehicles (FCEVs), but their sales are almost non-existent in China.
BYD took the first spot, registering 53,400 vehicles, down 2.91% from 55,000 units the week before. Last month, in May, BYD delivered 330,488 vehicles in China.
Tesla acquired the second spot in China, with 15,200 registered EVs, up 16,03% from 13,100 in the previous week and up 52,15% from 9,990 EVs in the same week last year. Week 22 last year was May 29 – June 4.
Nio broke its weekly record and registered 6,700 EVs, up 24,07% from 5,400 units in the previous week and 458% up from 1,200 EVs last year.
Last month, in May, Nio delivered 20,544 EVs in China, breaking its monthly record.
Regarding the overall passenger vehicle (PV) market in China in week 22, we saw a surge in weekly sales for the third time since the Chinese New Year, surpassing the 400,000-unit average mark.
Overall sales reached 412,600 PV, marking a year-on-year increase of 4.2% and a week-on-week increase of 12.7%. Conventional internal combustion engine (ICE) vehicle sales experienced a slight decline compared with the previous year at 220,900 units but increased 20.1% from the week before.
Sales of new energy vehicles (NEV) soared to 191,700 units, marking a significant year-on-year increase of 39.9% and a modest week-on-week growth of 5.3%. The NEV penetration rate also rose to 46.46%, which is 11.87% more than in the same period last year.
In terms of cumulative performance for the year (week 1 -22 or about 5 months), the penetration rate of NEVs has surpassed the 40% mark. Overall sales for the first 22 weeks of the year have reached 8.1 million NEVs, indicating a year-on-year growth of 7.13%. While ICE vehicle sales rose by 7.21% to 4.8 million units, the surge in NEV sales was more pronounced, reaching 3.2 million units, a year-on-year increase of 39.03%.
The cumulative penetration rate of NEVs from the first 22 weeks of 2024 stands at 40.26%, representing a 9.24% increase from the same period last year.
