CnEVPost Newsletter: China NEV insurance data; Guangzhou auto show resumes
Li Auto registered 3,013 units in the week, down from 4,228 units in the previous week, while XPeng registered 2,127 units in the week, up from 1,962 units in the previous week.
For NIO, Li Auto, and XPeng, the monthly insurance registration numbers are not too far off from the delivery numbers.
The NIO App has stopped showing wait times for the EC6, potentially making way for a replacement model that will likely be called the EC7 that may be launched on NIO Day.
XPeng, with products costing from 150,000 yuan to 470,000 yuan, essentially competing with every other EV brand in the Chinese market, analysts say.
Zeekr plans to go public in New York as early as the second quarter of 2023 and is seeking a valuation of more than $10 billion, according to a Reuters report yesterday.
Where Shanghai goes, the rest of China follows.
The price range for the Wuling Air EV in China is RMB 67,800 ($9,720) to RMB 82,800. The model was previously launched in Indonesia.
The solution offers automakers a solution better suited to China's road scenarios and is expected to reach mass production levels by mid-2023, QCraft said.
China has essentially abandoned the ZERO-Covid policy, making it possible for such large events to be held.
To date, Shenzhen has 740,000 NEVs. The city plans to have that number reach 1.3 million by 2025.