Shanghai (Gasgoo)- In August, automakers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles ( MLI ) for approximately 92,000 homegrown raw department of energy vehicles ( NEVs ), representing a remarkable rush of 120 % from the year ago, according to China Insurance Regulatory Commission ( CIRC ).
图片.png The policy volume of startup-made NEVs zoomed up approximately 150 % year on year to closely 13,000 units in August. however, all of them remained far behind the Tesla Model 3, which topped other China-made NEVs with a registration issue of 11,542 units. Among the top 10 China-made BEV models by Aug. insurance volume, the NIO ES6 and the Xpeng P7 were the lone two developed by startups, ranking sixth and one-tenth respectively. notably, the NIO ES6 was the No.1 among the locally-produced all-electric SUV models.

图片.png Unlike the peak 10 BEV model list dominated by car models, SUV models took five places among the crown 10 PHEV models by Aug. insurance registrations. The Li One hush outperformed other PHEV rivals with 2,706 vehicles registered. In August, the circus tent five NEV startups by monthly indemnity volume were still NIO, Li Auto, Xpeng Motors, WM Motor and HOZON Auto. The gap between Li Auto and Xpeng Motors was obviously narrowed to alone 10 units. Both NIO ES8, ES6 log YoY surge in Aug. insurance volume NIO ‘s indemnity registrations amounted to 3,929 units in August, including 2,828 ES6s ( +56.4 % YoY ) and 1,101 ES8s ( +504.9 % YoY ). For the first eight months, the volume of the two models totaled 21,557 units, versus 10,458 vehicles registered in the year-ago period.
图片.png “ As we continue to improve the production capacitance for all NIO products, our monthly capability will reach 5,000 units in September to support our future deliveries, ” said William Bin Li, founder, chair, and foreman administrator officeholder of NIO. “ With the close of our recently announced ADS offer, we have further enhanced our poise sheet and optimized our capital structure to be beneficial prepared for the acceleration of our congress of racial equality engineering development, autonomous driving in especial, and the ball-shaped commercialize expansion in the future. ” 图片.png ( NIO EC6 ; photograph reservoir : NIO )
The pitch of the EC6, NIO ‘s one-third mass-produced model, formally kicked off on September 25. The EV manufacturer said, as of Sept. 23, the accumulative driving roll of all NIO ‘s users has exceeded 1 billion kilometers. As of September 3, NIO has so far launch 151 stores in 91 cities in China, including 129 NIO Houses and 22 NIO Spaces. With 145 battery swap stations set up, NIO wishes to far enhance its product competence by offering users more convenient energy add methods. Li ONE’s registrations keep climbing month on month With only one mass-produce model available for sale, Li Auto saw its indemnity volume increase from 2,517 units in July to 2,706 units in August, only 88 units fewer than the diachronic bill horizontal surface achieved in April.
图片.png For the Jan.-Aug. period, the accumulative indemnity volume of the Li ONE PHEV reached 14,890 units. By the end of August, Li Auto has opened 31 retail outlets in 26 cities of China. There were eight cities—Changzhou, Dongguan, Kunming, Foshan, Hefei, Dalian, Wuxi and Lanzhou—which were newly covered by the startup ‘s service network in August. According to a local anesthetic composition, its sales centers in Shenyang, Guiyang, Xiamen, Haerbin, Haikou, Taiyuan and Wenzhou are about to be launched by October.
Li ONE.jpeg ( Li ONE ; photo source : Li Auto )
Li Auto raised $ 1.1 billion through its introduction on Nasdaq on July 30, valuing the five-year-old Chinese NEV startup at around $ 10 billion. The bloom sales and the credence by U.S. capital commercialize seem to imbue the caller with more assurance. Xpeng P7’s monthly insurance volume surpasses 2,000 units for the first time In August, the insurance registrations of the Xpeng P7 topped 2,000 units for the first time, growing for three consecutive months. The volume aggregated 4,223 units for the first eight months.
图片.png With 8 trimming levels and four range options available, the P7 is priced between 229,900 yuan ( $ 33,760 ) and 349,900 yuan ( $ 51,380 ). After the inaugural P7s delivered in late June, the startup has held delivery ceremonies for the vehicle in Beijing, Shanghai, Zhaoqing and Chengdu on July 17.

Besides, the Xpeng G3 ‘s registrations reached 669 units in August, dropping 16.7 % over the previous calendar month.
小鹏P7 官方新闻稿.jpg ( Xpeng P7 ; photograph reference : Xpeng Motors )
last calendar month, Xpeng Motors became the one-third Chinese EV startups going public on U.S. capital market. Under the watch “ XPEV ”, the company announced the pricing of its initial public oblation of 99,733,334 american Depositary Shares ( “ ADSs ” ) at a monetary value of $ 15.00 per ADS. The crude proceeds from the offer would be approximately $ 1.5 billion. Xpeng Motor launched on September 1 its battery rent avail, which allows consumers to spread the battery pack monetary value in 84 monthly installments within 7 years. According to Xpeng ‘s plan, a consumer who uses the battery leasing service can buy an electron volt without the battery pack at a price much lower than the original value and pay the battery use fee in 84 installments on a monthly basis. After 7 years, the consumer can wholly have the ownership of the barrage pack. WM Motor’s Aug. insurance registrations remain basically flat from a month ago The indemnity registrations of WM Motor ‘s vehicles stood at 1,331 units in July, only 20 units more than that of a calendar month ago. 图片.png Among the vehicles registered last calendar month, 1,324 units were from the EX5, falling from 2,175 units registered in the prior-year period. The inauguration is taking faster moves on expanding its retail channels. By the end of August, the EV manufacturer has newly set up 94 sales outlets across the state so far this class, of which 30 were launched last calendar month. 图片.png ( WM EX5 ; photograph source : WM Motor )
WM Motor besides made significant advance in financing commercial enterprise. It announced on September 22 the completion of its Series D round finance, which raised 10 billion yuan ( $ 1,463,421,700 ) in sum, the highest-ever amount for a unmarried round of fundraising launched by EV startups. The proceeds from the finance will be primarily used for the R & D of intelligent technologies, mark structure, digital market and sales channel expansion. The D round is probably to be the end round of finance before WM Motor going public in 2021, said a reservoir brief on the company ‘s matter. “ The close of the D round finance indicates that investors are wellbeing about the prognosis of the intelligent fresh energy vehicle industry, and highly recognize WM Motor ‘s position as a technology invention ship’s company, its long-run development strategy, outstanding kernel talent team and industry-leading up-to-date technologies, ” said Freeman Shen Hui, WM Motor ‘s laminitis, chair and CEO. Nezha N01 registrations rebound after two-month MoM decline HOZON Auto saw its August insurance registrations reach 999 units, of which 657 units were the Nezha U compact SUVs, a month-on-month refuse of 19.1 %. After two straight months of month-on-month descent, the N01 ‘s registrations rose to 342 units in August from 217 units in July. 图片.png The party has announced the beginning of its C-round fund-raise and plans to be listed on the science and engineering invention board in 2021. 哪吒V.png ( Nezha V ; photograph source : Nezha )

The Nezha V, the startup ‘s one-third output model, is going to be unveiled in the third quarter and hit the market in the fourthly. furthermore, HOZON Auto has launched the all-new concept dubbed “ Eureka 03 ”. Positioned as a four-door premium all-electric coupe, the concept regards the Xpeng P7 as its benchmark .
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