Weekly EV insurance registrations summary: Nio with 3,250, Tesla recording 10,620, while X, affiliated with Twitter, reports 7,590, under the brand name profileiaomi.
In the week of July 21-27, 2025, China's electric vehicle market saw a notable shift. Major players in the industry, including Nio, Tesla, and BYD, experienced an increase in weekly registrations compared to the previous week, aligning with a typical rise in deliveries toward month-end.
Nio Inc registered 5,000 vehicles for insurance last week, marking a 2.04 percent increase from 4,900 the previous week. However, Nio's sub-brands Onvo and Firefly saw a decline in registrations, with Onvo registering 1,510 vehicles, down 12.21 percent from 1,720 the previous week, and Firefly registering 230 vehicles, down 66.18 percent from 680 vehicles the previous week. Overall, Nio Inc (including Nio, Onvo, Firefly) had 5,000 registrations, a slight increase from the prior week.
Tesla China registered approximately 10,700 vehicles for insurance, a 7.6 percent increase from 9,900 from the previous week. This indicates steady domestic demand despite a year-over-year decline in registrations.
BYD continued to lead in volume with 58,810 registrations during the same week, maintaining its market dominance.
Xiaomi (linked to Xpeng) had 7,590 registrations, though specific week-over-week changes were not detailed.
Data for Li Auto, iAmi, Zeekr, Leapmotor, and Aito for that week was not explicitly reported.
Tesla's retail sales in China in June were 61,484 vehicles, the second highest this year. Tesla China sold 71,599 vehicles in June, including those sold in China and exported from China to overseas markets.
Nio's sub-brand Onvo delivered 6,400 vehicles in June, up 1.89 percent from May. Firefly, another sub-brand of Nio Inc, delivered 3,932 vehicles in June, up 6.85 percent from May.
Li Auto delivered 36,279 vehicles in June, down 24.06 percent year-on-year and down 11.20 percent from May.
Lynk & Co delivered 26,310 vehicles in June, up 7.66 percent year-on-year but down 4.78 percent month-on-month.
Zeekr Group delivered 43,012 vehicles in June, down 7.58 percent from 46,538 units in May.
On June 26, Xiaomi officially launched the YU7, its first electric SUV. The YU7 received 200,000 firm orders within the first three minutes of going on sale and over 240,000 locked-in orders within 18 hours.
BYD sold 382,585 new energy vehicles (NEVs) in June, marking the highest monthly sales figure so far this year.
Leapmotor delivered 48,006 vehicles in June, marking the second consecutive month of record-high deliveries.
Aito, a brand jointly developed by Huawei and Seres Group, registered 10,520 vehicles last week.
Total electric vehicle sales and registrations across China in late July demonstrated growth year-on-year but somewhat weaker compared to the preceding month. This trend suggests a potential slowdown in the electric vehicle market, but the industry remains robust with continued growth and innovation.
- In the electric vehicle industry, Nio Inc registered a slight increase in weekly registrations, reaching 5,000 vehicles, despite a decline in sub-brands Onvo and Firefly.
- Tesla China's registration count for insurance also increased, showing 10,700 vehicles for the week, demonstrating a steady domestic demand for electric vehicles.
- BYD continued its market dominance by registering 58,810 vehicles last week, showing the highest volume of registrations among all major players.
- Xiaomi (associated with Xpeng) registered 7,590 vehicles last week, but specifics about week-on-week differences were not provided.
- Other companies like Li Auto, iAmi, Zeekr, Leapmotor, and Aito did not provide explicit data for the week in question.
- Tesla China sold 71,599 vehicles in June, including both domestic and overseas markets, marking the second highest sales figure this year.
- Nio's sub-brand Onvo delivered 6,400 vehicles in June, while Firefly delivered 3,932 vehicles, both showcasing growth compared to the previous month.
- Li Auto, however, faced a year-on-year decline, with 36,279 deliveries in June, decreasing by 24.06 percent compared to the same month last year.
- Lynk & Co, Zeekr Group, and Aito also experienced varying degrees of growth and decline in their June deliveries compared to the previous month, suggesting a dynamic and evolving electric vehicle market in China.
