Weekly EV insurance registrations summary as of Jul 6th: Nio - 2,500, Tesla - 5,010, AMI (Twitter) profile - 4,890.

Weekly EV insurance registrations summary as of Jul 6th: Nio - 2,500, Tesla - 5,010, AMI (Twitter) profile - 4,890.

**China's Electric Vehicle Market Experiences Post-Quarter Sales Slowdown**

In a recent development, several major electric vehicle (EV) manufacturers in China have experienced a decrease in insurance registrations, marking a slowdown following the aggressive end-of-quarter sales push.

Last week, Aito, a joint venture between Huawei and Seres Group, registered a decrease of 19.86% in insurance registrations, falling from 11,730 units to 9,400 units. Similarly, Zeekr Group saw a decrease of 2.12%, going from 3,300 units to 3,230.

Despite these declines, June was a strong month for several brands. Aito delivered 9,400 vehicles, marking a significant increase of 138.65% from the same period last year and an increase of 6.52% from May. BYD, on the other hand, sold 382,585 new energy vehicles in June, the highest figure so far this year.

Li Auto had 7,160 insurance registrations last week, a decrease of 10.05% from the previous week. However, this represents a year-on-year increase of 11.98% for BYD's June sales. Firefly, another brand, delivered 3,932 vehicles in June, up 6.85% from May, which may have been driven by the launch of the BaaS (battery as a service) option.

Nio Inc delivered 24,925 vehicles in June, marking a new high for the year and the second highest on record. Nio's sub-brand Onvo saw an increase of 54.76% in insurance registrations last week. Onvo delivered 6,400 vehicles in June, up 1.89% from May.

Tesla China sold 71,599 vehicles in June, including those sold in China and exported from China. However, Tesla's insurance registrations in China last week decreased by 75.77% from the previous week's figures.

Leapmotor delivered 48,006 vehicles in June, marking the second consecutive month of record-high deliveries. The Zeekr brand delivered 16,702 vehicles in June, a year-on-year decrease of 16.93% and a month-on-month decrease of 11.67% from May. Lynk & Co delivered 26,310 vehicles in June, a year-on-year increase of 7.66%, but a month-on-month decrease of 4.78% from May.

The decrease in insurance registrations for Nio, Tesla, and other major electric vehicle manufacturers in China during week 27 of 2025 is primarily due to a typical end-of-quarter sales push pattern. After a surge in sales at the end of June, registrations dropped in early July, reflecting a common cyclical trend where delivery volumes and therefore registrations tend to be lower at the start of the month and after quarter-end sales incentives wind down.

This pattern is not unique to Nio; it mirrored across most Chinese automakers and major EV brands, indicating that the decrease in week 27 registrations is related to seasonal sales cycles rather than a sudden drop in demand or other market disruptions. The China Association of Automobile Manufacturers has also previously cautioned about mid-week or mid-month sales variations affecting data, recommending more stable reporting approaches to avoid misinterpretations of short-term fluctuations.

In summary, the drop in insurance registrations is caused by the typical post-quarter sales slowdown, a well-known cyclical trend in China’s EV market affecting Nio, Tesla, and others during week 27 of 2025.

1. Even though some EV manufacturers like Aito and Zeekr saw a decrease in insurance registrations last week, June was a strong month for Aito with a significant increase in deliveries compared to the previous year and an increase from the previous month.
2. BYD, on the other hand, sold the highest number of new energy vehicles in June this year, marking a positive growth in sales.
3. Li Auto's deliveries last week decreased slightly from the previous week, but it represents a year-on-year increase for June sales.
4. Firefly's June deliveries increased due to the launch of its BaaS (Battery as a Service) option.
5. Nio Inc registered a drop in insurance registrations last week, but it delivered a new high for the year in June and its sub-brand Onvo saw an increase in registrations.
6. Tesla China registered a significant decrease in insurance registrations last week, despite selling 71,599 vehicles in June.
7. Leapmotor and Lynk & Co also experienced a drop in deliveries in June, but they continue to maintain record-high deliveries.
8. The decrease in insurance registrations across multiple EV manufacturers in China during week 27 can be attributed to the end-of-quarter sales push pattern, a common cyclical trend that tends to result in lower sales and registrations at the start of the month and after quarter-end sales incentives wind down.
9. The China Association of Automobile Manufacturers has previously warned about mid-week or mid-month sales variations affecting data, suggesting more stable reporting approaches to avoid misinterpretations of short-term fluctuations in sales figures.

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