Special Contributor | Zhu Yulong
Editor | Qiu Kaijun
In the third week of November (November 14th to November 20th), the terminal sales of new energy passenger vehicles performed well, reaching 130,000 units, an increase of 8.2% compared to the previous week. It is estimated that the number of new energy passenger vehicles insured at the end of the month will be around 520,000-530,000, an increase of about 16% from October.
Plug-in hybrid and extended-range vehicle models are performing well and are replacing fuel vehicles. Car companies with ambitious scale aspirations may need to launch products like these. However, in terms of pure electric vehicles, there are some limitations due to space constraints.
Overall Passenger Vehicle Data
1) The total passenger car sales this week are 400,000 units, a year-on-year increase of 1.7%, and a week-on-week increase of 12.0%. This month’s increase is mainly due to 30,000 more fuel vehicles delivered than last week, and 10,000 more new energy vehicles.
2) The sales of new energy vehicles this week were 130,000 units, a year-on-year increase of 64.4% and a week-on-week increase of 8.2%; of which BEV sold 92,400 units, and PHEV sold 37,000 units. It is estimated that the whole month will reach the level of 520,000-530,000+ units.
3) The sales of fuel vehicles this week were 270,000 units, a year-on-year decrease of 14%, and a week-on-week increase of 13.9%. From the monthly perspective, three weeks have passed in November, with a cumulative total of 1.114 million units sold. Based on this, the estimation for this month is around 1.6 million units+.
Top 10 New Energy Vehicle Companies
The data of the main brands in the third week is shown in the following figure:
BYD is the top 1 with 44,874 units. Can it break through 50,000 in a single week? It’s worth looking forward to.
TOP2 Tesla 14366 units
It is sprint time for the last period, and there may be follow-up actions to support a new record in Q4.
TOP3 Wuling 8242 units
The supply of existing A00 pure electric vehicles is very stable. Next, we will look at the small car models that the brand is moving up to.
TOP4 Changan 7189 units
Due to the demand for A00 and deep blue vehicles, there may be a breakthrough at the end of the year.
TOP5 AIWAYS 4456 units
At present, AIWAYS represents the limit of mainstream pure electric vehicle models. To further sink the sales area and sales prices, it is necessary to make plug-in and extended-range vehicles.
TOP6-TOP10
Mainly including Geely 4205 units, NIO 3325 units, Li Auto 3023 units, Chery 3002 units, and WM Motor 2692 units. Those that exceeded 2000 units include: Jinko 2669 units, SAIC 2492 units, Hezhong 2344 units, and Dongfeng Passenger Car 2068 units.
We can see that plug-in hybrid and extended-range vehicles are replacing fuel vehicles. Because charging infrastructure is not much of a consideration, if companies do not enter this market and only focus on pure electric vehicles, the effect may not be good.
Among the new forces, NIO and Li Auto are less affected by the environment, and they have gradually sorted out production and delivered vehicles. The following three companies, WM Motor, NIO, and Leapmotor, all have over 2000 vehicles.
Tesla continues to maintain the pace of 14,366 units. As mentioned earlier, in a single month, various efforts can achieve around 25,000 units. Jinko maintains a steady performance, with 2669 units. Other companies are still greatly affected by the epidemic, purchasing power, and their own operations and have begun to show a downward trend.
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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.