Sales of New Energy Vehicles Show Signs of Stabilization in July's Third Week

In the third week of July (from July 14 to July 20), the sales of new energy vehicles in the terminal market showed a slowdown in the declining trend compared to the previous two weeks. Among the top 15 brands, 10 brands achieved a week-on-week increase in terminal sales. Notably, Wuling, Xiaopeng, Leidao, Tengshi, and Avita all saw significant performance with week-on-week increases exceeding 10%. Wuling, in particular, achieved nearly a 15% increase, surpassing Tesla to claim the second position. Tesla, on the other hand, experienced a notable decline of almost 20% in week-on-week sales, dropping to third place. The fierce competition between Wuling and Zero Run is intensifying, with both brands experiencing sales fluctuations. Xiaomi has also entered the top three, surpassing Li Auto, as its weekly sales increased by 7.5%. Meanwhile, BYD once again topped the new energy brand list with a weekly sales figure of 51,400 vehicles, demonstrating strong performance across multiple models. Tesla's sales are fluctuating closely tied to its export volume, indicating that its domestic sales often decrease when exports rise, hinting at a potential recovery in the fourth week of July.