Overview

• BYD registered over 59,800 vehicles from May 26 to June 1, a 12.2% weekly rise that contributed to its global sales of 1.76 million units through May, fulfilling 32% of its 5.5 million target
• Tesla recorded 13,100 vehicle registrations in China last week, up 19.4% from the prior week, supported by an 8,000 yuan insurance subsidy and free Full Self-Driving transfers
• Germany’s new vehicle registrations climbed 1.2% in May, driven by a 45% surge in EV demand while Tesla sales in the country fell 36% following backlash over Elon Musk’s political associations
• XPeng and Nio delivered 33,525 and 23,231 vehicles respectively in May, marking year-over-year gains of 230% and 13.1% as local rivals expand their market share
• BYD’s price cuts of up to 35% on 22 models, including 20% off the Seagull and 34% off the Seal, have sparked a broader price war among China’s EV makers