Overview

• BYD registered 53,300 fully electric and hybrid vehicles between May 19 and 25, retaining its position as China’s best-selling NEV brand.
• Tesla logged 11,000 registrations over the same period, marking its second strongest weekly sales of the quarter with Model Y deliveries jumping 23%.
• Xiaomi’s weekly EV sales dipped 5% to 6,800 units even as its first-quarter revenue rose 47.4%, driven by 18.1 billion yuan from its EV unit and the prelaunch of its YU7 SUV.
• XPeng’s registrations fell 1.9% to 5,700 units as it prepares to deliver the Mona M03 Max and expands into Latvia, Lithuania and Estonia.
• BYD cut prices by up to 35% on 22 models and rivals have matched discounts of 18% to 30% in a broad price war.