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Insurance registrations for NEVs in China by major EV makers began to rebound last week, although they have not yet reached the levels seen before the Chinese New Year holiday.
New energy vehicle (NEV) insurance registrations for major electric vehicle (EV) makers in China rebounded last week, with the Chinese New Year holiday coming to an end.
BYD NEVs saw 24,280 insurance registrations for the week ending February 5, the highest among all automakers, according to figures shared by several auto bloggers on Weibo today.
Tesla vehicles saw 8,643 insurance registrations for the week, Li Auto 2,240, NIO 1,948, XPeng 975 and Zeekr 554.
The Chinese New Year holiday fell from January 21 to 27, and the seasonal factor led to a general decline in deliveries by NEV makers in January.
In the week prior to last week, BYD vehicles had 5,280 insurance registrations, Tesla had 3,356 and NIO had 427.
Last week was the first work week after the Chinese New Year holiday, but many Chinese people's holiday will extend to the 15th day of the first month of the lunar calendar, February 5 this year, especially for migrant workers.
Neta vehicles had 3,964 insurance registrations last week, and Leapmotor had 114.