• Xpeng was at 8,800 units, Li Auto 7,700, Zeekr 3,500, Leapmotor 5,500 and Aito 3,900.

• Major EV makers saw an increase in insurance registrations last week as the recovery continues.

Major EV makers saw an increase in insurance registrations last week as the recovery continues.

For the week of February 17-23 -- Week 8, 2025 -- Nio (NYSE: NIO) branded vehicles in China saw insurance registrations of 2,500 units, up 31.58 percent from the previous week's 1,900 units, according to data shared today by Li Auto (NASDAQ: LI).

The numbers shared by Li Auto are by brand, and in Nio's case do not include insurance registrations for the sub-brand Onvo.

Onvo didn't make any of Li Auto's latest list, though according to figures shared by several auto bloggers, the brand was at 1,400 units last week, up 55.56 percent from 900 units the week before.

Nio Inc, which includes the Nio and Onvo brands, had 3,900 insurance registrations last week, up 39.29 percent from 2,800 the week before.

The Chinese New Year holiday from January 28 to February 4 disrupted industrial production and consumer activities in China, and its effects lasted into mid-February.

Nio Inc delivered 13,863 vehicles in January, up 37.87 percent from 10,055 in the same month last year, but down 55.48 percent from December's 31,138, according to data it released on February 1.

The Nio main brand delivered 7,951 vehicles in January, down 20.92 percent from 10,055 a year earlier and down 61.42 percent from 20,610 in December.

The Onvo brand delivered 5,912 units in January, down 43.84 percent from 10,528 in December.

Onvo president Alan Ai said on February 21 that the brand's second model was named the Onvo L90 and will be Onvo's flagship and feature a three-row seating layout.

Earlier today, Onvo shared the first official image of the L90, with Ai hinting that the model will compete directly with Li Auto's Li i8.

Xpeng (NYSE: XPEV) had 8,800 insurance registrations last week, up 8.64 percent from 8,100 the week before.

The company delivered 30,350 vehicles in January, its third consecutive month over the 30,000 mark. This is up 267.88 percent from 8,250 a year ago but down 17.29 percent from 36,695 in December.

Xpeng announced on February 5 that it launched a 0 percent down payment, and a 5-year 0-interest financing policy in China.

Also on February 5, He Xiaopeng, Xpeng's chairman and CEO, said in a speech that the company was confident it would see deliveries double in 2025 compared to last year.

On February 22, Xpeng shipped 300 right-hand-drive X9 MPVs (multi-purpose vehicle) to Thailand, starting to bring its highest-value model to international markets.

Li Auto had 7,700 insurance registrations last week, up 2.67 percent from 7,500 the previous week.

The company delivered 29,927 vehicles in January, down 3.97 percent from 31,165 a year ago and down 48.85 percent from 58,513 in December.

Earlier today, Li Auto announced its first all-electric SUV (sport utility vehicle) model named Li i8 and released the first official image.

Tesla (NASDAQ: TSLA) had 7,000 insurance registrations in China last week, down 6.67 percent from 7,500 the week before.

Tesla China sold 63,238 vehicles in January, including those sold in China and those exported from China to overseas markets, according to the China Passenger Car Association (CPCA).

That's down 11.49 percent from 71,447 a year ago and down 32.56 percent from 93,766 in December.

The company sold 33,703 vehicles in China's domestic market in January, down 15.49 percent from 39,881 in the same month a year ago and down 59.36 percent from 82,927 in December.

On February 5, Tesla began to offer a RMB 8,000 ($1,100) insurance subsidy for the Model 3 sedan, restarting a promotional tool it has used many times before on the first working day of the Year of the Snake on the Chinese lunar calendar.

An update to Tesla's China website on February 18 showed that deliveries of the facelifted Model Y would begin in late February, moving up from the previous March.

The US EV maker is pushing out software update version 2024.45.32.12 to eligible vehicles in China starting today, bringing high-level smart driving features similar to FSD (Full Self-Driving), although avoiding any mention of FSD.

BYD (HKG: 1211, OTCMKTS: BYDDY) had 59,100 insurance registrations last week, up 26.28 percent from 46,800 the week before.

The company sold 300,538 new energy vehicles (NEVs) in January, up 49.16 percent from 201,493 a year ago, but down 41.62 percent from 514,809 in December.

BYD announced its vehicle intelligence strategy on February 10 to start bringing smart driving capabilities to low-cost affordable models.

Yesterday, BYD began previewing its new all-electric sedan Qin L EV, targeting a younger demographic.

Xiaomi (HKG: 1810, OTCMKTS: XIACY) had 6,400 insurance registrations last week, down 7.25 percent from 6,900 the week before.

Xiaomi EV said on February 1 that its first model, the SU7, once again exceeded 20,000 deliveries in January.

The SU7 electric sedan has delivered more than 20,000 units for four consecutive months, Xiaomi EV said in a Weibo post, not mentioning specific numbers as before.

Xiaomi EV announced yesterday that the SU7 Ultra would be launched on February 27, and a launch event would begin at 7 pm Beijing time that day.

The SU7 Ultra was unveiled on October 29 last year and went on pre-sales for RMB 814,900 ($112,420).

Last week, Xiaomi's second model, the YU7 SUV (sport utility vehicle), completed the full regulatory process, paving the way for its launch in June or July this year.

Zeekr (NYSE: ZK) had 3,500 insurance registrations last week, down 2.78 percent from 3,600 the week before.

The company delivered 11,942 vehicles in January, down 4.75 percent from 12,537 a year ago and down 56.08 percent from 27,190 in December.

Zeekr saw 222,123 deliveries in 2024 and is targeting 320,000 vehicles in 2025, representing about 44 percent year-on-year growth.

On February 14, Zeekr announced it had completed transactions to integrate Lynk & Co, and its CEO Andy An unveiled its product plans for this year.

Yesterday, Zeekr gave its new shooting brake model, the Zeekr 007 GT, its real-life debut, saying the launch would be in mid-April.

Leapmotor (HKG: 9863) had 5,500 insurance registrations last week, up 5.77 percent from 5,200 the week before.

It delivered 25,170 vehicles in January, up 105.02 percent from 12,277 a year earlier, but down 40.8 percent from 42,517 in December.

For the full year 2024, Leapmotor delivered 293,724 vehicles, up 103.76 percent from 2023.

In 2025, Leapmotor aims to deliver 500,000 vehicles for the year.

Leapmotor will begin pre-sales of the B10 SUV on March 10, the company announced on February 10 on Weibo.

Aito -- a joint brand between Huawei and Seres Group -- had 3,900 insurance registrations last week, up 30.00 percent from 3,000 the week before.