*Author: Feng Jingang

### Introduction:

Previously, due to the influx of capital and the flexible mechanisms of the Internet, Tesla had been in a leading position in the development of new forces. However, with the subsequent launch of new players such as Ai Chi Di Di, Ne Zha 360, and Tianji Jingdong, the future of new forces has become more uncertain.

Due to the influence of the April car show, the analysis of March new energy insurance data has been delayed. Therefore, we have prepared a series for your reference before the announcement of April insurance data.

In March, the total number of new forces insured vehicles was 79,857. Based on more than half of the data, new forces brands are still the biggest driving force in the current new energy passenger car market.

At the same time, the number of insured new energy vehicles in March increased by 102.2% from the previous month, indicating that the industry is still in a period of rapid development.

Although the number of insured vehicles is still growing exponentially, the situation varies greatly among different brands. Among the 18 new forces brands, ten brands had higher-than-industry-average growth rates in March, while eight had lower-than-industry-average growth rates.

Among the ten brands with higher-than-industry-average growth rates, Tianji ranked first with an increase of 284.85%, followed by Geometry, LI/CHJ, NETA, Ai Chi and Aion.

Despite the removal of the second CEO Liu Zhifeng, Geometry’s development is still promising. However, the gap between it and Euler and Aion is still large.

Among the eight brands with lower-than-industry-average growth rates, GAC Aion is undoubtedly the most eye-catching with the only month-on-month decline in the list of new forces brands. Of course, this is partly due to its small amount of delivery.

As for other brands, NIO is also worth paying attention to, with its growth rate of only 20.23% in March, ranking last among the top ten brands. Although NIO has a large base, is it really bigger than Tesla? Therefore, it must be acknowledged that NIO has entered a bottleneck stage overall.

Previously, due to the influx of capital and the flexible mechanisms of the Internet, Tesla had been in a leading position in the development of new forces. However, with the subsequent launch of new players such as Ai Chi Di Di, NETA 360, and Tianji Jingdong, the future of new forces has become more uncertain.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.