BYD, NIO, Xpeng, Li Auto, and Leapmotor Achieve New Sales Records Amid EV Adoption Surge

BYD, NIO, Xpeng, Li Auto, and Leapmotor Lead Chinese EV Sales Growth

In a remarkable display of consumer interest, BYD led the charge with monthly sales growth driven by dynamic discounts. The company reported a record 419,426 electric vehicles delivered in September, a notable 12.4% growth month-on-month and 45.9% year-on-year.

Key Performances by Other EV Manufacturers

• Li Auto: Boosted sales to 53,709 units, up 11.6% from August.
• Xpeng: Delivered 21,352 cars, marking a 52.1% rise.
• Zeekr: Achieved 21,333 deliveries, a year-over-year increase of 77%.
• Leapmotor: Surpassed previous records with 33,767 cars, an impressive 113.7% year-on-year jump.
• NIO: Maintained strong sales with 21,181 vehicles in September.

A recent statement by Phate Zhang from CnEVPost illustrated how the introduction of new models and enticing price strategies fueled the surge in Chinese EV sales. As noted by Zhao Zhen from Wan Zhuo Auto, young drivers favor electric cars for their eco-friendliness and smart features, indicating a continuous rise in market share for EVs.

Explosive Growth in the EV Market

Overall sales of EVs in August increased by 43.2%, with 1.03 million units sold. This figure positions EVs to account for over 53.9% of all vehicle deliveries across the nation. Notably, battery electric and hybrid vehicles dominated global markets, making up 65% of total sales in the first half of the year, per the China Passenger Car Association.