- Onvo’s insurance registrations for last week were 3,790, the second-highest on record, up 16.98 percent from the previous week’s 3,240.
- Tesla‘s insurance registration volume in China last week increased by 4.48 percent from the previous week’s 13,400 units.
Most major electric vehicle (EV) makers mostly saw an increase in insurance registrations in China last week, as delivery volumes typically rise toward the end of the month.
During the week of August 11-17 — week 33 of 2025 — Nio Inc (NYSE: NIO) had 7,190 vehicle insurance registrations in China, up 17.87 percent from 6,100 in the previous week, according to figures shared by several automotive industry observers on Weibo today.
The Nio main brand registered 2,520 vehicles last week, up 16.67 percent from 2,160 the previous week.
Its sub-brand Onvo registered 3,790 vehicles last week, the second-highest on record, up 16.98 percent from 3,240 the previous week.
The Firefly sub-brand’s insurance registration volume last week was 880, up 25.71 percent from the previous week’s 700.
Onvo launched its L90 flagship electric SUV (sport utility vehicle) on July 31 and began deliveries the next day on August 1.
The Onvo L90 recorded 2,330 insurance registrations last week, while the Onvo L60 mid-size SUV recorded 1,460 units.
Nio Inc delivered 21,017 vehicles in July, marking the fourth consecutive month exceeding the 20,000-unit threshold, according to data released on August 1.
This represents a 2.53 percent increase from the 20,498 units delivered in the same period last year, though it marks a 15.68 percent decrease from the 24,925 units delivered in June.
The Nio main brand delivered 12,675 units in July, Onvo delivered 5,976 units, and Firefly delivered 2,366 units.
Earlier today, Nio reduced the cost of its optional 100-kWh long-range battery pack by RMB 20,000 ($2,780), resulting in a price reduction for all long-range versions of its current models.
Tesla (NASDAQ: TSLA) saw 14,000 insurance registrations in China last week, up 4.48 percent from 13,400 the previous week.
Earlier today, Tesla launched the six-seat Model Y L in China, which is larger than the five-seat Model Y.
The Model Y L starts at RMB 339,000 ($47,200) in China, with deliveries set to begin in September.
Tesla’s retail sales in China in July totaled 40,617 units, down 12.14 percent from the same period last year and down 33.94 percent from June, according to data compiled by CnEVPost.
Xpeng (NYSE: XPEV) had 7,890 insurance registrations last week, a decrease of 0.13 percent from the previous week’s 7,900.
It delivered 36,717 vehicles in July, surpassing the previous record of 36,695 set in December 2024 and setting a new high.
This marks the ninth consecutive month since November 2024 that Xpeng’s monthly deliveries have exceeded 30,000 units, representing a year-on-year increase of 229.45 percent and a month-on-month increase of 6.08 percent from June’s 34,611 units.
Xpeng unveiled its next-generation P7 electric sedan on August 6. The company plans to launch an extended-range electric vehicle (EREV) variant of its X9 MPV (multi-purpose vehicle) in the fourth quarter, which has already entered a regulatory filing catalog.
The company will announce its unaudited financial results for the second quarter of 2025 later today.
Li Auto (NASDAQ: LI) registered 5,620 vehicles last week, up 6.04 percent from 5,300 the previous week.
The company launched the Li i8, its first all-electric SUV (sport utility vehicle), on July 29, with deliveries set to begin on August 20.
On August 5, Li Auto re-launched the Li i8, reducing the number of available variants from three to one and lowering prices following disappointing initial acceptance.
On August 13, Li Auto said that its target is to deliver 8,000 to 10,000 Li i8 vehicles by the end of September.
The company delivered 30,731 vehicles in July, down 39.74 percent year-on-year and down 15.29 percent month-on-month.
This marks the second consecutive month of year-on-year decline in monthly deliveries for Li Auto, with year-to-date deliveries totaling 234,669 units, down 2.21 percent year-on-year.
BYD (HKG: 1211, OTCMKTS: BYDDY) brand vehicles had 65,200 insurance registrations last week, up 18.98 percent from 54,800 the previous week.
The company sold 344,296 vehicles in July, up 0.56 percent year-on-year but down 10.01 percent from June.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 7,170 insurance registrations last week, up 5.44 percent from 6,800 the previous week.
Xiaomi EV delivered 30,452 vehicles in July, up 19.61 percent from 25,459 in June, according to data released by the China Passenger Car Association (CPCA).
Xiaomi launched the YU7 on June 26, its first electric SUV and a competitor to the Tesla Model Y, with deliveries beginning on July 6.
Zeekr (NYSE: ZK) brand’s insurance registration volume last week was 3,260 units, a decrease of 1.21 percent from the previous week’s 3,300 units.
The Zeekr brand delivered 16,977 vehicles in July, up 8.44 percent year-on-year and up 1.65 percent month-on-month.
Lynk & Co delivered 27,216 vehicles in July, up 27.94 percent year-on-year and up 3.44 percent month-on-month.
Including these two brands, Zeekr Group delivered 44,193 vehicles in July, up 2.75 percent from 43,012 in June.
Leapmotor (HKG: 9863) had 10,400 insurance registrations last week, up 11.83 percent from 9,300 the previous week.
The company delivered 50,129 vehicles in July, marking its first monthly delivery exceeding 50,000 units, up 126.90 percent from 22,093 in the same period last year and up 4.42 percent from 48,006 in June.
Leapmotor achieved net income of RMB 30 million in the first half of 2025, marking its first positive net income for a half-year period, according to its financial report released yesterday.
Given the strong sales performance, Leapmotor has raised its 2025 annual sales target from the previous 500,000 to 600,000 units to 580,000 to 650,000 units.
Aito — the brand jointly developed by Huawei and Seres Group — had 7,700 insurance registrations last week, up 10 percent from 7,000 in the previous week.
($1 = RMB 7.1824)
