Boss Cai is a car celebrity in China with 5 million followers on TikTok.
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Tesla's insurance registrations last week in China were higher than the previous week's 13,266, while NIO's were lower than the previous week's 3,345.
BYD's new energy vehicles (NEVs) saw 37,141 insurance registrations in China for the week ending March 12, lower than the previous week's 38,932, according to numbers shared today by auto blogger @一路向北BYD.
Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.
NIO was 2,170 last week, down from 3,345 the week before.
Li Auto registered 4,243 units last week, up from 3,222 units the previous week.
XPeng was 1,635 units last week, up from 1,421 units the week before.
BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before.
Zeekr was 1,043 units last week, down from 1,814 units the week before.
BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.
The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.
Rumors surfaced last week that BMW dealers were offering a massive subsidy for the all-electric BMW i3 in China, and that consumers who pay full price for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.
BMW insiders denied this, but sources at BMW dealers said they are indeed offering discounts, and that these measures were only introduced this month, local media Cailian reported last week.
For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the price after discounts is RMB 248,000, the report said, citing BMW dealership sources.
Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the source said.
The increasing number of car companies joining the price war has led to increased consumer wait-and-see sentiment to avoid seeing price reductions shortly after purchasing a car.
Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.
For consumers who purchase these models, if the prices drops within 90 days of their order, then Li Auto will refund the difference.
The policy, which is available to consumers when they purchase the Li L7, Li L8, and Li L9, is primarily intended to make clear to them that Li Auto will not drop the prices, local media outlet The Paper said earlier today, citing salespeople from the company.
China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345
Weekly NEV insurance registrations in China in 2023
| Wk | BYD | Tesla | NIO | XPeng | Li Auto | BMW | Zeekr | Neta | Leapmotor | NEV | NEV+ICE |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/06-03/12 | 37,141 | 17,032 | 2,170 | 1,635 | 4,243 | 1,486 | 1,043 | 988 | |||
| 02/27-03/05 | 38,932 | 13,266 | 3,345 | 1,421 | 3,222 | 1,663 | 1,814 | 4,109 | 515 | 116,238 | 345,340 |
| 02/20-02/26 | 39,473 | 10,705 | 3,357 | 1,685 | 5,387 | 1,792 | 1,855 | 2,152 | 401 | 111,983 | 331,238 |
| 02/13-02/19 | 37,026 | 5,913 | 3,174 | 1,463 | 4,238 | 2,271 | 1,443 | 1,038 | 329 | 100,408 | 303,101 |
| 02/06-02/12 | 31,417 | 6,963 | 3,045 | 1,396 | 4,062 | 682 | 547 | 1,170 | NA | 85,572 | 280,741 |
| 01/30-02/05 | 24,280 | 8,643 | 1,948 | 975 | 2,240 | 593 | 554 | 3,964 | 114 | 69,692 | 267,843 |
| 01/23-01/29 | 5,280 | 3,356 | 427 | 210 | 990 | NA | 89 | NA | NA | 17,945 | 92,600 |
| 01/16-01/22 | 24,708 | 7,496 | 3,008 | 1,068 | 4,903 | NA | 657 | NA | NA | 67,500 | 330,400 |
| 01/09-01/15 | 40,420 | 12,654 | 2,963 | 1,817 | 4,527 | 2,687 | 1,359 | 420 | 237 | 99,041 | 438,000 |
| 01/02-01/08 | 35,924 | 2,110 | 2,818 | 1,551 | 3,704 | 2,103 | 1,511 | 238 | 80 | 77,000 | 290,000 |
The post China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170 appeared first on CnEVPost.
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A BYD spokesperson, responding to CnEVPost's request for comment, said the information was untrue and did not correspond to reality.
BYDDY.US | BYD HK | TSLA.US
(File photo shows BYD's blade battery. Credit: BYD)
Tesla will not continue to use BYD's batteries after its contract with the latter expires, according to a report in a South Korean media outlet yesterday. BYD denied it today.
Tesla has decided not to use BYD's batteries due to quality issues arising from a series of fire accidents with the latter's LFP (lithium iron phosphate) batteries, South Korea's Korea Economic Daily said in a report yesterday.
Tesla first used BYD's 10 GWh batteries last year for its low-end models in Europe, according to the report.
Earlier this year, Tesla did not request the additional supply of BYD batteries for the standard, low-cost trim version of the Model 3 after its contract to supply them expired, the report said, citing industry sources.
Fires in electric vehicles where BYD applied its own batteries have occurred several times in China, triggered by quality problems, the report said.
Contrary to BYD's explanation, there is no reason for Tesla to use BYD batteries as accidents become more frequent, a source from the battery industry said. That seems to be the reason for it, he said.
Tesla's reliance on LG Energy Solution, which is accelerating the development of LFP batteries for electric vehicles at Tesla's request, is expected to grow, according to the report.
Tesla uses LG Energy Solution and CATL in Europe and Panasonic products in North America. Existing companies will most likely fill BYD's vacancy, the report noted.
A BYD spokesperson, responding to CnEVPost's request for comment, said the information was untrue and did not correspond to reality.
In February 2022, rumors surfaced that Tesla had officially placed an order with BYD's battery manufacturing division, FinDreams Battery, for blade batteries for 204,000 vehicles per year.
In early June 2022, BYD executive vice president Lian Yubo said in an interview with state-owned media outlet CGTN host Kui Yingchun that BYD would soon be supplying batteries to Tesla.
Lian provided no further details at the time, and a video of that interview posted on Weibo was subsequently deleted.
On August 10, 2022, Sina Tech cited multiple sources familiar with the matter as saying that BYD's blade battery supplies to Tesla had already begun to be delivered to the latter's plant in Berlin, Germany, the first Tesla Gigafactory to use BYD batteries.
Tesla's competitive relationship with BYD is also one of the reasons it will not extend its contract in Europe, according to Korea Economic Daily. Tesla asked LG Energy Solution to develop LFP batteries to keep its electric vehicle rival in check, the report said.
In October 2022, Steve Westly, a former Tesla board member and founder of Westly, said the only one that can truly compete with the US electric vehicle giant on a global scale is BYD.
"For the first time, I think there is a real challenger and that challenger's name is BYD," Westly said in a CNBC interview that aired on October 20 of last year.
"BYD will likely hit one million EV units produced and sold this year. That's something that should keep your eye on," he said, adding, "In contrast, it is good to compare, Ford, probably has 60,000 units and GM struggling to hit 50,000 units. They are barely 4 to 5 percent of Tesla."
So right now, it looks like it's Tesla and the Chinese battle, Westly said.
BYD sold 1,863,494 new energy vehicles (NEVs) in 2022, including 946,239 plug-in hybrid passenger cars, 911,140 pure electric passenger cars, and 6,115 commercial vehicles, according to data monitored by CnEVPost.
For comparison, Tesla delivered 1,313,851 vehicles worldwide in 2022, with 439,770 delivered to Chinese consumers.
Charlie Munger, a renowned US investor, said on February 15 that Tesla pales in comparison to BYD in China.
"Tesla last year reduced its prices in China twice. BYD increased its prices. We are direct competitors. BYD is so much ahead of Tesla in China, it's almost ridiculous," Munger said.
In addition to being an NEV giant, BYD is also one of the world's largest power battery manufacturers.
BYD installed 5.8 GWh of power batteries globally in January, up 78.8 percent from 3.3 GWh in the same month last year, according to a report released by South Korean market research firm SNE Research on March 6.
BYD ranked second globally with a 17.6 percent market share, up from the 11.6 percent share in the same period last year.
CATL installed 11.2 GWh of batteries globally in January, continuing to rank first with a 33.9 percent market share, but lower than the 37.6 percent share in the same month last year.
LG Energy Solution installed 4.3 GWh of power batteries in January, ranking third with a 13.0 percent market share, up from 10.1 percent in the same month last year.
BYD so far ahead of Tesla in China that 'it's almost ridiculous,' says Charlie Munger
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Filed under: Weird Car News,Tesla,Ownership,Safety,Electric
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Permalink | Email this | CommentsShenlan is currently selling only one model, the SL03, a Tesla Model 3 competitor, with 4,103 units delivered in February.
(Image credit: Shenlan)
Shenlan, Changan Automobile's new energy vehicle (NEV) brand, is offering consumers tens of thousands of yuan in incentives to purchase vehicles as the auto price war in China continues.
Shenlan, based in the southwestern Chinese city of Chongqing, announced today that it is offering discounts of up to 42,000 yuan ($6,030) on vehicle purchases.
The offer includes an RMB 22,000 cash subsidy and up to RMB 20,000 in option benefits.
The subsidy is valid from March 10 to March 31 and is limited to 10,000 units.
Shenlan, Changan's NEV brand announced in 2022, officially launched the Shenlan SL03 electric sedan on July 25, another strong competitor to the Model 3.
Unlike the Tesla Model 3, the Shenlan SL03 is available in three powertrain variants -- an all-electric version, an extended-range version and a version with a hydrogen fuel cell.
The Shenlan SL03 BEV currently has a starting price of RMB 189,900, lower than the Model 3's starting price of RMB 229,900 in China, and the SL03 EREV starts at RMB 171,900.
Shenlan began deliveries of the SL03 at the end of August 2022 and has delivered a total of 37,328 units as of the end of February this year, including 4,103 units last month.
On March 5, Shenlan officially unveiled its second model, the Shenlan S7, a model similar to the Tesla Model Y crossover, in Shanghai.
In addition to the Shenlan brand, Changan is offering car purchase incentives for its other sub-brands.
Changan announced yesterday that for consumers who buy any of its passenger cars and get a delivery this month, they will receive a coupon for thousands of yuan.
($1 = RMB 6.9675)
China auto price war: BMW dealers offer discounts of up to $14,360 for i3
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This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February.
The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry.
CnEVPost highlighted the NIO ET5 and Tesla's Model Y on these lists in yesterday's articles.
Here are 20 tables CnEVPost compiled based on data from the CPCA, in case you wish to know more details about these rankings.
| Top-selling sedans at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | BYD Qin | 30,540 | 24,501 | 24.6% |
| 2 | Hongguang Mini EV | 30,267 | 26,116 | 15.9% |
| 3 | Nissan Sylphy | 26,102 | 28,519 | -8.5% |
| 4 | BYD Dolphin | 22,682 | 8,561 | 164.9% |
| 5 | Volkswagen Lavida | 21,269 | 26,707 | -20.4% |
| 6 | Aion S | 16,827 | 3,380 | 397.8% |
| 7 | Volkswagen Sagitar | 14,526 | 12,540 | 15.8% |
| 8 | Toyota Camry | 14,401 | 14,228 | 1.2% |
| 9 | Honda Accord | 13,218 | 13,816 | -4.3% |
| 10 | Toyota Levin | 13,200 | 9,142 | 44.4% |
| 11 | Toyota Corolla | 12,899 | 15,595 | -17.3% |
| 12 | Geely Emgrand | 12,347 | 12,574 | -1.8% |
| 13 | BYD Han | 12,265 | 9,284 | 32.1% |
| 14 | Audi A6L | 12,167 | 8,153 | 49.2% |
| 15 | Mercedes-Benz E-Class | 12,153 | 9,378 | 29.6% |
| Top-selling sedans at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | Nissan Sylphy | 49,609 | 78,501 | -36.8% |
| 2 | Volkswagen Lavida | 48,186 | 71,995 | -33.1% |
| 3 | Wuling Hongguang Mini | 46,683 | 52,798 | -11.6% |
| 4 | BYD Qin | 44,725 | 51,043 | -12.4% |
| 5 | BYD Dolphin | 40,264 | 19,163 | 110.1% |
| 6 | Volkswagen Sagitar | 34,980 | 40,275 | -13.1% |
| 7 | Toyota Camry | 28,797 | 39,178 | -26.5% |
| 8 | Honda Accord | 27,812 | 36,723 | -24.3% |
| 9 | Mercedes-Benz E-Class | 26,696 | 30,398 | -12.2% |
| 10 | BMW 5 Series | 25,737 | 35,444 | -27.4% |
| 11 | Toyota Corolla | 25,489 | 26,242 | -2.9% |
| 12 | Audi A6L | 24,632 | 21,220 | 16.1% |
| 13 | Geely Emgrand | 24,491 | 32,825 | -25.4% |
| 14 | BYD Han | 23,983 | 22,064 | 8.7% |
| 15 | Volkswagen Bora | 23,596 | 32,040 | -26.4% |
| Top-selling high-end sedans at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | Audi A6L | 12,167 | 8,153 | 49.2% |
| 2 | Mercedes-Benz E-Class | 12,153 | 9,378 | 29.6% |
| 3 | Mercedes-Benz C-Class | 11,869 | 5,298 | 124.0% |
| 4 | BMW 5 Series | 9,609 | 9,352 | 2.7% |
| 5 | BMW 3 Series | 8,868 | 10,185 | -12.9% |
| 6 | Audi A4L | 6,935 | 9,460 | -26.7% |
| 7 | NIO ET5 | 6,471 | NA | NA |
| 8 | BMW 3 Series BEV | 2,976 | NA | NA |
| 9 | Volvo S90 | 2,893 | 1,666 | 73.6% |
| 10 | Hongqi H9 | 1,159 | 1,477 | -21.5% |
| High-end models are those with a starting price of more than RMB 300,000. | ||||
| Top-selling high-end sedans at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | Mercedes-Benz E-Class | 26,696 | 30,398 | -12.2% |
| 2 | BMW 5 Series | 25,737 | 35,444 | -27.4% |
| 3 | Audi A6L | 24,632 | 21,220 | 16.1% |
| 4 | Mercedes-Benz C-Class | 17,762 | 15,571 | 14.1% |
| 5 | BMW 3 Series | 16,627 | 34,581 | -51.9% |
| 6 | NIO ET5 | 12,266 | NA | NA |
| 7 | Audi A4L | 11,878 | 26,204 | -54.7% |
| 8 | BMW 3 Series BEV | 6,600 | NA | NA |
| 9 | Volvo S90 | 5,174 | 4,552 | 13.7% |
| 10 | Hongqi H9 | 1,962 | 4,563 | -57.0% |
| High-end models are those with a starting price of more than RMB 300,000. | ||||
| Top-selling new energy sedans at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | BYD Qin | 30,540 | 24,501 | 24.6% |
| 2 | Wuling Hongguang Mini | 30,267 | 26,116 | 15.9% |
| 3 | BYD Dolphin | 22,682 | 8,561 | 164.9% |
| 4 | Aion S | 16,827 | 3,380 | 397.8% |
| 5 | BYD Han | 12,265 | 9,284 | 32.1% |
| 6 | Changan Lumin | 9,105 | NA | NA |
| 7 | Tesla Model 3 | 8,397 | 4,607 | 82.3% |
| 8 | BYD Seal | 7,754 | NA | NA |
| 9 | Geely Panda Mini | 6,661 | NA | NA |
| 10 | NIO ET5 | 6,471 | NA | NA |
| 11 | BYD Destroyer 05 | 4,760 | NA | NA |
| 12 | Shenlan SL03 | 4,103 | NA | NA |
| 13 | Chery QQ Ice Cream | 3,134 | 6,442 | -51.4% |
| 14 | BMW 3 Series BEV | 2,976 | NA | NA |
| 15 | Buick Velite 6 | 2,923 | 2,014 | 45.1% |
| Top-selling new energy sedans at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | Wuling Hongguang Mini | 46,683 | 52,798 | -11.6% |
| 2 | BYD Qin | 44,725 | 51,043 | -12.4% |
| 3 | BYD Dolphin | 40,264 | 19,163 | 110.1% |
| 4 | BYD Han | 23,983 | 22,064 | 8.7% |
| 5 | Aion S | 21,918 | 10,429 | 110.2% |
| 6 | Tesla Model 3 | 21,056 | 7,595 | 177.2% |
| 7 | BYD Seal | 14,372 | NA | NA |
| 8 | Changan Lumin | 13,816 | NA | NA |
| 9 | NIO ET5 | 12,266 | NA | NA |
| 10 | Shenlan SL03 | 10,240 | NA | NA |
| 11 | BYD Destroyer 05 | 9,616 | NA | NA |
| 12 | Hongqi E-QM5 | 9,174 | 1,130 | 711.9% |
| 13 | Geely Panda Mini | 6,661 | NA | NA |
| 14 | BMW 3 Series BEV | 6,600 | NA | NA |
| 15 | Chery QQ Ice Cream | 5,870 | 16,426 | -64.3% |
| Top-selling SUVs at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | BYD Song | 51,592 | 24,532 | 110.3% |
| 2 | Tesla Model Y | 25,526 | 18,593 | 37.3% |
| 3 | BYD Yuan Plus | 20,279 | 4,515 | 349.1% |
| 4 | Haval H6 | 16,489 | 18,790 | -12.2% |
| 5 | Honda CR-V | 14,052 | 22,260 | -36.9% |
| 6 | Changan CS75 | 13,410 | 12,297 | 9.1% |
| 7 | Changan CS55 | 13,086 | 5,013 | 161.0% |
| 8 | Aion Y | 12,996 | 2,986 | 335.2% |
| 9 | BYD Tang | 12,029 | 10,026 | 20.0% |
| 10 | Geely Boyue L | 11,637 | NA | NA |
| 11 | Hongqi HS5 | 11,320 | 9,106 | 24.3% |
| 12 | BMW X3 | 11,317 | 8,819 | 28.3% |
| 13 | Nissan Qashqai | 9,704 | 9,743 | -0.4% |
| 14 | Geely Xingyue L | 9,611 | 7,022 | 36.9% |
| 15 | Toyota Wildlander | 9,383 | 7,994 | 17.4% |
| Top-selling SUVs at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | BYD Song | 101,301 | 46,981 | 115.60% |
| 2 | Tesla Model Y | 39,710 | 34,951 | 13.60% |
| 3 | Changan CS75 | 35,030 | 44,419 | -21.10% |
| 4 | BYD Yuan Plus | 34,621 | 6,515 | 431.40% |
| 5 | Haval H6 | 33,152 | 52,108 | -36.40% |
| 6 | Changan CS55 | 26,106 | 34,864 | -25.10% |
| 7 | Geely Boyue L | 25,272 | NA | NA |
| 8 | Mercedes-Benz GLC | 23,125 | 32,289 | -28.40% |
| 9 | BMW X3 | 21,930 | 28,361 | -22.70% |
| 10 | Honda CR-V | 21,690 | 39,875 | -45.60% |
| 11 | BYD Tang | 20,571 | 18,873 | 9.00% |
| 12 | Geely Xingyue L | 19,859 | 18,505 | 7.30% |
| 13 | Hongqi HS5 | 17,947 | 25,385 | -29.30% |
| 14 | Geely Binyue | 17,900 | 14,952 | 19.70% |
| 15 | Aion Y | 17,788 | 9,399 | 89.30% |
| Top-selling high-end SUVs at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | BMW X3 | 11,317 | 8,819 | 28.3% |
| 2 | Mercedes-Benz GLC | 8,808 | 9,958 | -11.5% |
| 3 | Audi Q5L | 8,414 | 8,859 | -5.0% |
| 4 | Li Auto L8 | 8,192 | NA | NA |
| 5 | Li Auto Li L9 | 7,299 | NA | NA |
| 6 | BMW X5 | 7,034 | NA | NA |
| 7 | Mercedes-Benz GLB | 5,954 | 3,030 | 96.5% |
| 8 | Volvo XC60 | 4,973 | 3,085 | 61.2% |
| 9 | Cadillac XT5 | 3,483 | 3,154 | 10.4% |
| 10 | Volkswagen Teramont | 3,085 | 2,655 | 16.2% |
| Top-selling high-end SUVs at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | Mercedes-Benz GLC | 23,125 | 32,289 | -28.4% |
| 2 | BMW X3 | 21,930 | 28,361 | -22.7% |
| 3 | BMW X5 | 17,728 | NA | NA |
| 4 | Li Auto Li L9 | 15,295 | NA | NA |
| 5 | Audi Q5L | 14,881 | 25,921 | -42.6% |
| 6 | Li Auto L8 | 14,291 | NA | NA |
| 7 | Volvo XC60 | 9,769 | 8,249 | 18.4% |
| 8 | Mercedes-Benz GLB | 9,138 | 9,537 | -4.2% |
| 9 | Volkswagen Teramont | 5,945 | 7,491 | -20.6% |
| 10 | Cadillac XT5 | 4,340 | 8,331 | -47.9% |
| Top-selling new energy SUVs at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | BYD Song | 51,592 | 22,754 | 126.70% |
| 2 | Tesla Model Y | 25,526 | 18,593 | 37.30% |
| 3 | BYD Yuan Plus | 20,279 | 4,515 | 349.10% |
| 4 | Aion Y | 12,996 | 2,986 | 335.20% |
| 5 | BYD Tang | 12,029 | 10,026 | 20.00% |
| 6 | Li Auto L8 | 8,192 | NA | NA |
| 7 | Li Auto Li L9 | 7,299 | NA | NA |
| 8 | BYD Frigate 07 | 6,429 | NA | NA |
| 9 | Neta V | 5,013 | 4,073 | 23.10% |
| 10 | Zeekr 001 | 4,839 | 2,916 | 65.90% |
| 11 | Smart #1 | 3,616 | NA | NA |
| 12 | Neta U | 3,012 | 3,044 | -1.10% |
| 13 | BMW X3 | 2,859 | 1,472 | 94.20% |
| 14 | NIO ES6 | 2,848 | 3,309 | -13.90% |
| 15 | AITO M5 | 2,298 | 1,061 | 116.60% |
| Top-selling new energy SUVs at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | BYD Song | 101,301 | 43,476 | 133.0% |
| 2 | Zeekr 001 | 39,710 | 34,951 | 13.6% |
| 3 | Tesla Model Y | 34,621 | 6,515 | 431.4% |
| 4 | BYD Yuan Plus | 20,571 | 18,873 | 9.0% |
| 5 | BYD Tang | 17,788 | 9,399 | 89.3% |
| 6 | Aion Y | 15,295 | NA | NA |
| 7 | Li Auto Li L9 | 14,291 | NA | NA |
| 8 | Li Auto L8 | 11,472 | NA | NA |
| 9 | BYD Frigate 07 | 8,500 | 10,555 | -19.5% |
| 10 | Neta V | 7,955 | 6,446 | 23.4% |
| 11 | Smart #1 | 6,786 | NA | NA |
| 12 | BMW X3 | 5,122 | 3,203 | 59.9% |
| 13 | AITO M5 | 5,030 | 1,876 | 168.1% |
| 14 | Neta U | 4,024 | 7,571 | -46.8% |
| 15 | NIO ES6 | 3,720 | 8,556 | -56.5% |
| Top-selling MPVs at retail in China in Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
| 1 | Wuling Hongguang | 12,933 | 17,847 | -27.50% |
| 2 | Buick GL8 | 8,011 | 9,090 | -11.90% |
| 3 | Denza D9 | 7,325 | NA | NA |
| 4 | GAC Trumpchi M8 | 6,331 | 5,001 | 26.60% |
| 5 | Toyota Sienna | 5,653 | 4,120 | 37.20% |
| 6 | Toyota Granvia | 4,384 | NA | NA |
| 7 | Wuling Jiachen | 3,921 | NA | NA |
| 8 | GAC Trumpchi M6 | 3,745 | 2,039 | 83.70% |
| 9 | Dongfeng Fengxing Lingzhi | 2,919 | 3,357 | -13.00% |
| 10 | Honda Elysion | 2,750 | 2,497 | 10.10% |
| 11 | Honda Odyssey | 2,033 | 3,069 | -33.80% |
| 12 | Brilliance Xinyuan Jinhaishi | 1,700 | 781 | 117.70% |
| 13 | JAC Ruifeng | 1,686 | 1,007 | 67.40% |
| 14 | Buick Century | 1,614 | NA | NA |
| 15 | Mercedes-Benz Vito | 1,408 | 847 | 66.20% |
| Top-selling MPVs at retail in China in Jan-Feb 2023 | ||||
|---|---|---|---|---|
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
| 1 | Wuling Hongguang | 23,415 | 43,910 | -46.70% |
| 2 | Denza D9 | 13,763 | NA | NA |
| 3 | Toyota Sienna | 12,274 | 8,449 | 45.30% |
| 4 | Buick GL8 | 11,328 | 25,147 | -55.00% |
| 5 | GAC Trumpchi M8 | 10,862 | 7,010 | 55.00% |
| 6 | Wuling Jiachen | 8,553 | NA | NA |
| 7 | GAC Trumpchi M6 | 6,252 | 8,350 | -25.10% |
| 8 | Toyota Granvia | 6,234 | NA | NA |
| 9 | Honda Elysion | 4,297 | 4,788 | -10.30% |
| 10 | Dongfeng Fengxing Lingzhi | 4,090 | 8,399 | -51.30% |
| 11 | Honda Odyssey | 3,792 | 7,921 | -52.10% |
| 12 | Buick Century | 3,204 | NA | NA |
| 13 | JAC Ruifeng | 3,186 | 3,606 | -11.60% |
| 14 | Brilliance Xinyuan Jinhaishi | 2,165 | 1,141 | 89.70% |
| 15 | Mercedes-Benz V-Class | 2,064 | 2,797 | -26.20% |
| Automakers with highest retail sales of NEVs in China in Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Feb 2023 | Feb 2022 | YoY | Share |
| 1 | BYD | 176,662 | 86,669 | 103.8% | 39.8% |
| 2 | Tesla China | 33,923 | 23,200 | 46.2% | 7.6% |
| 3 | SAIC-GM-Wuling | 32,709 | 29,229 | 11.9% | 7.4% |
| 4 | GAC Aion | 30,086 | 8,526 | 252.9% | 6.8% |
| 5 | Geely | 22,391 | 13,697 | 63.5% | 5.0% |
| 6 | Changan | 19,106 | 5,560 | 243.6% | 4.3% |
| 7 | Li Auto | 16,620 | 8,414 | 97.5% | 3.7% |
| 8 | NIO | 12,157 | 6,131 | 98.3% | 2.7% |
| 9 | Neta | 10,073 | 7,117 | 41.5% | 2.3% |
| 10 | Chery | 7,999 | 10,718 | -25.4% | 1.8% |
| 11 | Great Wall Motor | 7,405 | 6,347 | 16.7% | 1.7% |
| 12 | BMW Brilliance | 6,568 | 2,762 | 137.8% | 1.5% |
| 13 | FAW-Volkswagen | 6,069 | 4,934 | 23.0% | 1.4% |
| 14 | XPeng | 6,010 | 6,225 | -3.5% | 1.4% |
| 15 | SAIC-GM | 3,694 | 2,208 | 67.3% | 0.8% |
| Automakers with highest retail sales of NEVs in China in Jan-Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Jan-Feb 2023 | Jan-Feb 2022 | YoY | Share |
| 1 | BYD | 316,417 | 179,457 | 76.3% | 40.8% |
| 2 | Tesla China | 60,766 | 42,546 | 42.8% | 7.8% |
| 3 | SAIC-GM-Wuling | 50,433 | 59,563 | -15.3% | 6.5% |
| 4 | GAC Aion | 40,292 | 24,557 | 64.1% | 5.2% |
| 5 | Changan | 37,332 | 15,412 | 142.2% | 4.8% |
| 6 | Geely | 32,674 | 31,102 | 5.1% | 4.2% |
| 7 | Li Auto | 31,761 | 20,682 | 53.6% | 4.1% |
| 8 | NIO | 20,663 | 15,783 | 30.9% | 2.7% |
| 9 | Neta | 16,089 | 18,126 | -11.2% | 2.1% |
| 10 | BMW Brilliance | 13,705 | 7,986 | 71.6% | 1.8% |
| 11 | Chery | 13,293 | 31,367 | -57.6% | 1.7% |
| 12 | Great Wall Motor | 12,474 | 19,720 | -36.7% | 1.6% |
| 13 | XPeng | 11,228 | 19,147 | -41.4% | 1.4% |
| 14 | FAW Hongqi | 11,059 | 1,802 | 513.7% | 1.4% |
| 15 | FAW-Volkswagen | 9,572 | 10,442 | -8.3% | 1.2% |
| Automakers with highest retail sales in China in Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Feb 2023 | Feb 2022 | YoY | Share |
| 1 | BYD | 176,662 | 89,102 | 98.30% | 12.70% |
| 2 | FAW-Volkswagen | 110,511 | 104,945 | 5.30% | 8.00% |
| 3 | Changan | 92,802 | 60,682 | 52.90% | 6.70% |
| 4 | Geely | 91,179 | 68,627 | 32.90% | 6.60% |
| 5 | SAIC-Volkswagen | 74,013 | 80,158 | -7.70% | 5.30% |
| 6 | GAC Toyota | 67,029 | 53,094 | 26.20% | 4.80% |
| 7 | SAIC-GM-Wuling | 57,307 | 59,967 | -4.40% | 4.10% |
| 8 | Dongfeng Nissan | 56,719 | 63,583 | -10.80% | 4.10% |
| 9 | SAIC-GM | 53,021 | 73,021 | -27.40% | 3.80% |
| 10 | FAW Toyota | 49,959 | 60,313 | -17.20% | 3.60% |
| 11 | BMW Brilliance | 49,342 | 37,001 | 33.40% | 3.60% |
| 12 | Beijing Benz | 46,855 | 32,685 | 43.40% | 3.40% |
| 13 | Great Wall Motor | 39,472 | 55,666 | -29.10% | 2.80% |
| 14 | Chery | 39,135 | 33,608 | 16.40% | 2.80% |
| 15 | Dongfeng Honda | 38,307 | 54,907 | -30.20% | 2.80% |
| Automakers with highest retail sales in China in Jan-Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Jan-Feb 2023 | Jan-Feb 2022 | YoY | Share |
| 1 | BYD | 316,417 | 184,134 | 71.8% | 11.8% |
| 2 | FAW-Volkswagen | 221,946 | 295,719 | -24.9% | 8.3% |
| 3 | Changan | 209,825 | 204,238 | 2.7% | 7.8% |
| 4 | Geely | 179,526 | 201,117 | -10.7% | 6.7% |
| 5 | SAIC-Volkswagen | 154,631 | 217,775 | -29.0% | 5.8% |
| 6 | GAC Toyota | 128,142 | 140,731 | -8.9% | 4.8% |
| 7 | SAIC-GM | 108,042 | 193,042 | -44.0% | 4.0% |
| 8 | BMW Brilliance | 106,109 | 126,084 | -15.8% | 4.0% |
| 9 | Dongfeng Nissan | 102,337 | 174,520 | -41.4% | 3.8% |
| 10 | SAIC-GM-Wuling | 101,572 | 145,738 | -30.3% | 3.8% |
| 11 | FAW Toyota | 93,746 | 101,158 | -7.3% | 3.5% |
| 12 | Beijing Benz | 89,212 | 102,752 | -13.2% | 3.3% |
| 13 | Chery | 80,269 | 110,194 | -27.2% | 3.0% |
| 14 | Great Wall Motor | 77,205 | 145,407 | -46.9% | 2.9% |
| 15 | GAC Honda | 76,136 | 131,678 | -42.2% | 2.8% |
| Automakers with highest wholesale sales in China in Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Feb 2023 | Feb 2022 | YoY | Share |
| 1 | BYD | 191,664 | 90,268 | 112.3% | 11.9% |
| 2 | Changan | 116,407 | 69,014 | 68.7% | 7.2% |
| 3 | Geely | 108,701 | 78,478 | 38.5% | 6.7% |
| 4 | FAW-Volkswagen | 105,007 | 128,876 | -18.5% | 6.5% |
| 5 | Chery | 96,553 | 54,405 | 77.5% | 6.0% |
| 6 | Tesla China | 74,402 | 56,515 | 31.7% | 4.6% |
| 7 | SAIC-Volkswagen | 73,303 | 90,604 | -19.1% | 4.5% |
| 8 | SAIC-GM | 68,157 | 76,006 | -10.3% | 4.2% |
| 9 | Dongfeng Nissan | 66,818 | 86,301 | -22.6% | 4.1% |
| 10 | GAC Toyota | 63,200 | 50,100 | 26.1% | 3.9% |
| 11 | SAIC Passenger Vehicle | 58,336 | 64,007 | -8.9% | 3.6% |
| 12 | FAW Toyota | 54,888 | 75,918 | -27.7% | 3.4% |
| 13 | BMW Brilliance | 52,871 | 43,558 | 21.4% | 3.3% |
| 14 | Beijing Benz | 52,300 | 40,000 | 30.8% | 3.2% |
| 15 | Great Wall Motor | 51,053 | 59,155 | -13.7% | 3.2% |
| Automakers with highest wholesale sales in China in Jan-Feb 2023 | |||||
|---|---|---|---|---|---|
| Ranking | Automaker | Jan-Feb 2023 | Jan-Feb 2022 | YoY | Share |
| 1 | BYD | 341,828 | 185,623 | 84.2% | 11.2% |
| 2 | Changan | 239,881 | 228,247 | 5.1% | 7.8% |
| 3 | FAW-Volkswagen | 217,040 | 311,876 | -30.4% | 7.1% |
| 4 | Geely | 212,153 | 224,858 | -5.7% | 6.9% |
| 5 | Chery | 191,766 | 135,643 | 41.4% | 6.3% |
| 6 | SAIC-Volkswagen | 145,311 | 221,211 | -34.3% | 4.7% |
| 7 | Tesla China | 140,453 | 116,360 | 20.7% | 4.6% |
| 8 | GAC Toyota | 138,700 | 150,000 | -7.5% | 4.5% |
| 9 | SAIC-GM | 123,158 | 186,013 | -33.8% | 4.0% |
| 10 | SAIC Passenger Vehicle | 113,630 | 130,241 | -12.8% | 3.7% |
| 11 | BMW Brilliance | 111,138 | 122,645 | -09.4% | 3.6% |
| 12 | Dongfeng Nissan | 101,837 | 213,424 | -52.3% | 3.3% |
| 13 | Great Wall Motor | 100,892 | 158,073 | -36.2% | 3.3% |
| 14 | Beijing Benz | 96,310 | 93,800 | 2.7% | 3.1% |
| 15 | FAW Toyota | 91,352 | 127,370 | -28.3% | 3.0% |
The post Full CPCA rankings: Top-selling models and automakers in China in Feb appeared first on CnEVPost.
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XPeng offers four versions of the P7i with a starting price of RMB 249,900, above the RMB 229,900 for the Tesla Model 3.
(Image credit: XPeng)
XPeng (NYSE: XPEV) today officially launched the P7i, a revamped version of its flagship sedan P7, in China in just four versions to avoid a repeat of the confusion caused by the flagship SUV G9's initial launch last September.
The company's WeChat post announcing the P7i's launch clearly lists the sedan's available variants and their corresponding prices, as well as the benefits the company is offering consumers.
The XPeng P7i is available in four versions -- 702 Pro, 702 Max, 610 Max Performance, and 610 Wing Edition -- with starting prices of RMB 249,900 ($35,890), RMB 269,900, RMB 289,900, and RMB 339,900, respectively.
This is higher than the Model 3 sedan's starting price of RMB 229,900 in China, although the Tesla model is only available in two versions in China, with the other version starting at RMB 329,900.
Consumers who reserve the XPeng P7i by April 30 will receive four years of free charging, up to 1,500 kWh per year, and they will also receive a free Dynaudio upgrade valued at RMB 6,000.
The model's show cars and vehicles for test drives are currently available at XPeng's experience centers, a tightly scheduled rhythm that differs from its previous approach.
The XPeng P7i will continue to be built on the regular 400 V platform, rather than the 800 V high-voltage platform used by the G9.
However, the P7i's maximum charging power has been increased from its predecessor's 90 kW to 175 kW, allowing it to charge from 10 percent to 80 percent in 29 minutes.
The Pro version of the XPeng P7i comes standard with one Nvidia Orin-X smart driving chip with 254 TOPS of computing power. The Max version of the model comes standard with two Orin-X chips as well as two LiDARs.
CnEVPost got an early look at the model at the end of January and learned from the event at the time that the P7i's LiDARs are set near the headlights as in the XPeng G9, and the supplier is RoboSense as in the G9.
The chip driving the in-car infotainment system in the XPeng P7i has been upgraded from the P7's Qualcomm Snapdragon 820A chip to the Snapdragon SA8155P.
The number in the model's name represents the CLTC range, which tops at 702 km.
The two versions of the XPeng P7i with a range of 702 kilometers are rear-drive single-motor, capable of accelerating from 0 to 100 kilometers per hour in 6.4 seconds. Its two versions with a range of 610 km are dual-motor four-wheel drive models and can accelerate from 0 to 100 km/h in 3.9 seconds.
For XPeng, the P7i will be the model that will be crucial to boosting sales.
The P7i's predecessor, the P7, was the XPeng's main seller for a long time, selling 59,066 units in 2022, contributing 49 percent of the XPeng's annual sales of 120,757 units, data monitored by CnEVPost show.
Notably, the XPeng P7i's launch comes at a delicate point in time, with Chinese car companies -- both internal combustion engine automakers and new energy vehicle (NEV) makers -- engaged in an unprecedented price war.
On January 6, Tesla sharply lowered the prices of all its China-made models in an attempt to boost demand for its electric vehicles in China, becoming the first automaker to publicly cut prices in the country.
On January 17, XPeng lowered the prices of all models except the G9, with the P7 receiving the largest price cut. After that, a number of other NEV makers also started to reduce prices or offer purchase discounts.
Prior to this month, it was mainly NEV makers that were openly offering price cuts and purchase incentives, but earlier this month, authorities in central China's Hubei province joined forces with a number of local car companies to offer subsidies, with some models offering subsidies of up to RMB 90,000.
BYD also announced yesterday that consumers who order the BYD Song Plus lineup from March 10 to March 31 will receive an RMB 6,800 discount, or RMB 8,800 for the Seal.
While these purchase offers appear to be temporary promotions by car companies, they reflect the overall pressure the Chinese auto industry is currently facing and are bound to allow the impact to be magnified as more brands participate.
($1 = RMB 6.9638)
Regulatory filing: Here's what XPeng G6 SUV looks like and core specs
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