Chinese New Energy Vehicle Makers Report Strong Q1 2025 Sales and Deliveries
On April 1st, several Chinese new energy vehicle (NEV) makers released their sales and delivery figures for the first quarter of 2025, showcasing impressive growth and market competitiveness.
Leapmotor and XPeng Lead the Charge
Leapmotor, one of China’s prominent NEV manufacturers, reported a staggering 37,095 vehicle deliveries in March, marking a year-on-year increase of over 154%. The company attributed this robust growth to its rising competitiveness and trustworthiness in the NEV market. Leapmotor also announced the upcoming launch of its B-series model, the B10, scheduled for April 10th.
XPeng Motors followed suit with 33,205 smart electric vehicle deliveries in March, a 268% increase compared to the same period last year. This marks the fifth consecutive month that XPeng has exceeded 30,000 deliveries. In the first quarter of 2025, XPeng delivered a total of 94,008 vehicles, up 331% year-on-year. The company recently unveiled its 2025 models, the G6 and G9, both equipped with 5C ultra-fast charging AI batteries and Turing AI driving capabilities.
NIO and Li Auto Show Steady Growth
NIO, another key player in the Chinese NEV market, delivered 15,039 vehicles in March, a 26.7% increase year-on-year. The NIO brand accounted for 10,219 of these deliveries, while its subsidiary, Ledao, contributed 4,820. In the first quarter, NIO’s total deliveries reached 42,094 vehicles, a 40.1% increase. NIO also announced plans to launch its third brand, Firefly, in April, further expanding its product lineup.
Li Auto reported 36,674 vehicle deliveries in March, a 26.5% increase year-on-year. The company’s first-quarter deliveries totaled 92,864 vehicles, up 15.5% compared to the same period last year. Li Auto continues to strengthen its position in the NEV market with its innovative vehicle designs and advanced technologies.
BYD Breaks the Million Mark
BYD, China’s leading NEV manufacturer, achieved a significant milestone in the first quarter of 2025, with total sales surpassing one million vehicles. In March alone, BYD sold 377,420 vehicles, including 371,419 new energy passenger cars, a 23.1% increase year-on-year. The company’s overseas sales also saw substantial growth, with 72,723 NEVs sold in March.
BYD aims to achieve annual sales of 5.5 million vehicles in 2025, with overseas sales exceeding 800,000 units. To meet this ambitious target, BYD is accelerating its overseas expansion and local production, with new factories in Thailand, Uzbekistan, and other regions already operational. The company plans to focus on key markets in Europe, South America, and Southeast Asia.
Other NEV Makers Show Strong Performance
Xiaomi Auto, a newcomer to the NEV market, delivered over 29,000 vehicles in March. The company expressed confidence in achieving its annual delivery target of 350,000 vehicles, citing ongoing improvements in production capacity. Xiaomi Auto is also expanding its sales network, with 235 stores across 65 cities in China.
Lantu Auto reported 10,012 vehicle deliveries in March, a 64% increase year-on-year. The company’s first-quarter deliveries totaled 26,034 vehicles, up 59% compared to the same period last year. Lantu Auto’s CEO, Lu Fang, highlighted the company’s commitment to intelligent driving technology and its plans to surpass 200,000 cumulative vehicle production in April.
Zeekr, a subsidiary of Geely, delivered 40,715 vehicles in March, a 24.6% increase year-on-year. The company’s first-quarter deliveries reached 114,011 vehicles, up 21.1% year-on-year. Zeekr’s strong performance underscores its leadership in China’s premium NEV market.
Avita, another NEV maker, delivered 10,475 vehicles in March, doubling its year-on-year and month-on-month sales. The company also announced that its Avita 06 model received over 20,000 pre-orders within 26 hours of its launch.
Shenlan Auto, a subsidiary of Changan, delivered 24,371 vehicles in March, an 86.7% increase year-on-year. The company’s robust growth reflects its strong market presence and innovative product offerings.
GAC Aion, a subsidiary of GAC Group, reported 34,082 global vehicle sales in March, a 4.8% increase year-on-year. The company’s strong performance highlights its resilience and ability to adapt to market dynamics.
In conclusion, the first quarter of 2025 has been a period of remarkable growth for Chinese NEV makers, with several companies achieving record-breaking sales and deliveries. As the NEV market continues to evolve, these companies are well-positioned to capitalize on emerging opportunities and drive the transition to sustainable transportation.
