Special Contributor | Zhu Yulong

Editor | Wang Lingfang

Continuing to bring you market analysis based on weekly terminal sales data (insured vehicles).

From the data this week, October’s new energy passenger car sales are likely to be lower than September’s, and the year-on-year growth rate has been greatly reduced, with poor momentum.

From the perspective of car companies, BYD broke 40,000 units in a single week and remains strong. Among new forces, WmAuto, Nio, and Li are still steady, but XPeng has fallen and faces huge challenges.

October has entered its third week (October 17-23, 2022), which is also the 43rd week of the year:

1) Overview of weekly data for passenger cars as a whole: The automotive market did not improve this week, with a total sales volume of 358,800 units, a year-on-year decrease of 6.24%, and a week-on-week decrease of 4.30%; over the past three weeks, the cumulative monthly sales volume for 21 days was 1,059,600 units, a year-on-year decrease of 4.91%, and a month-on-month decrease of 11.82% compared to the previous three weeks.

2) Weekly data for new energy passenger cars: Sales this week were 107,200 units, a year-on-year increase of 38.68%, but the overall growth rate has become very small compared to the 100% growth rate seen in the previous period. The week-on-week sales volume growth rate of new energy vehicles dropped by 0.38%; the cumulative monthly sales volume was 286,000 units. Looking at the data for the past three weeks, the month-on-month cumulative sales volume dropped by 19.77%, so October’s sales are likely to be slightly lower than September’s.# This Week’s New Energy Vehicle Sales Ranking

Specifically, the top five automakers this week include BYD with 40,300 units sold, SAIC-GM-Wuling with 8,605 units sold, Changan Automobile with 6,597 units sold, Tesla China with 5,268 units sold, and GAC Aion with 4,123 units sold. Overall, the sales momentum of this week did not show a big increase.

NIO sold 2,732 units this week, with a strong demand for ES7 and ET7 models. ET5 is still in a slow growth phase.

Hozon Auto sold 2,335 units, and its Neta brand has been selling steadily at a rate of about 10,000 units per month, with sales of around 2,500 units this week.

WM Motor sold 2,234 units and is growing fast in the new energy vehicle market.

Li Auto sold 2,163 units, and the main model is now switched to the L9.

Jidu Auto sold 1,608 units, slightly lower than expected.

XPeng sold 1,181 units, and the sales of P7 have declined, while G9 has not yet gained much volume, posing a big challenge to XPeng.

BYD is still maintaining sales of 40,000 units, with sales of plug-in and pure electric models equally divided, and sales of Han EV also climbed to more than 2,000 units per week.The situation of Changan is that the SL03 series is still in the climbing stage and it will take time to form large-scale deliveries.

We are about to enter November. In 2023, new energy vehicles will no longer enjoy subsidies, and as usual, there will be a rush to deliver at the end of the year. Whether we can revive old tricks this year, we will continue to follow up in the weekly data column.

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.