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Goldman Sachs

May 20, 2026

China New Energy Vehicle Weekly Chartbook

Weekly UpdateEquitiesCommoditiesConsumer Discretionary

China's New Energy Vehicle (NEV) market saw a weekly order rebound of +4% WoW in Week 20 2026, fueled by major new model launches from Nio, Li Auto, and Luxeed.

Key Takeaways

  • 1.Weekly NEV orders rebounded to grow by +4% WoW and +11% YoY for Week 20 of 2026.
  • 2.Growth was primarily driven by new model launches, notably from Nio and Li Auto which both saw WoW growth of +113%.
  • 3.NEV dealer discounts are widening (+7.61% average) while internal combustion engine (ICE) discounts are narrowing (+19.50% average).

Table of Contents

  • Weekly order summary
  • Key events to watch
  • Retail end-pricing
  • Upstream battery pricing dynamics
  • Disclosure Appendix

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