Nio vehicles saw a record 6,700 insurance registrations in China last week, up 24.07 percent from 5,400 the week before.
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Li Auto has merged its sales and delivery teams to eliminate possible conflicts of interest between the two in order to better sell cars.
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May's deliveries were Li Auto's highest single-month volume so far this year, though still well below last December's record 50,353 vehicles.
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Li Auto said Li L6 production capacity continues to climb and will top 20,000 units next month.
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Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
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In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.
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Between May 1-19, Nio had 10,000 insurance registrations, Tesla 30,800, BYD 154,900, Xiaomi 4,000, Li Auto 18,600, and Xpeng 4,800 units.
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The launch of Li Auto electric SUV was postponed until the second half of 2025. This delay is caused by the shift in the company’s strategy.
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Li Auto's BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche Bank said.
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"Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24's volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated," said Deutsche Bank.
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