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Xiaomi delivers file vehicles in March as winners emerge in China’s EV race

Tesla takes two of three top spots in China's most popular EV list

Technology

Xiaomi delivers file vehicles in March as winners emerge in China’s EV race

A Xiaomi pack in Shanghai, China, on March 16, 2025.

Qilai Shen/Bloomberg | Bloomberg | Getty Photographs

Chinese language electrical carmakers Xiaomi, Xpeng and Leapmotor every delivered just about 30,000 or extra vehicles in March, more or less two times a number of in their fellow startup competition.

It’s an indication of the way some automakers are pulling forward, age BYD remainder the marketplace chief by means of some distance.

Xiaomi delivered a record number of electric vehicles in March, exceeding 29,000 gadgets, the corporate introduced on social media. That crowned its prior run of turning in greater than 20,000 automobiles in every of the time 5 months.

The SU7, Xiaomi’s flagship style, used to be interested in a strike on a freeway on Tuesday that left 3 lifeless. The automaker on Tuesday afternoon discharged a statement on Chinese social media that the car used to be in navigation on autopilot method earlier than the crash.

In line with initial knowledge, the street used to be obstructed on account of building. The motive force took regulate of the auto however collided with building infrastructure. Xiaomi added within the shed that investigations have been underway.

That got here two weeks later the automaker introduced on March 18 its goal to deliver 350,000 vehicles this year. There also are talks of the automaker increasing its 2d EV manufacturing unit in Beijing to satisfy call for, Bloomberg reported on March 18. Xiaomi didn’t right away reply to CNBC’s request for remark.

Its competitor Xpeng in March delivered 33,205 vehicles, the 5th consecutive era it has delivered over 30,000 gadgets according to era and reflecting a 268% surge in deliveries from the similar era utmost 12 months. March may be the 5th consecutive era the corporate has delivered over 15,000 gadgets of the Mona M03.

Leapmotor delivered 37,095 vehicles, reflecting a 154% year-over-year expansion. The Stellantis-owned automaker utmost era introduced U.K. sales of two electric vehicle models, the T03 and the C10.

Li Auto delivered 36,674 vehicles in March, a 26.5% year-over-year build up, however fewer than each era in the second one part of 2024. The corporate’s vehicles had received early traction with Chinese language customers since maximum include a gasoline tank for charging the car’s battery, lowering anxiousness about using space.

BYD bought 371,419 passenger vehicles in March, reflecting a year-over-year expansion of 57.9%. Its out of the country gross sales quantity additionally accident a file top of 72,723 gadgets in March.

In the similar era, the automaker unveiled its “Super e-Platform” era, which boasts 400 kilometers (more or less 249 miles) of space with 5 mins of charging. The corporate in February additionally introduced that it used to be integrating DeepSeek synthetic wisdom to assemble “DiPilot,” its complex driver-assistance gadget.

Around the board, main firms throughout China’s electrical automotive trade reported deliveries rose utmost era, indicating a pick-up in call for from the seasonally cushy first two months of the 12 months.

U.S. automaker Tesla bought 78,828 electrical automobiles in China in March, marking a 11.5% year-over-year abatement in expansion.

Alternative Chinese language carmakers noticed expansion in deliveries however some nonetheless struggled to crack during the 20,000-unit mark.  

Nio delivered 15,039 vehicles, a 26.7% year-over-year expansion, however neatly beneath the collection of vehicles delivered within the months of Might to December utmost 12 months. Nio-owned Onvo, which markets its electrical automobiles as family-oriented, in March recorded 15,039 gadgets in deliveries.

Geely-owned Zeekr delivered 15,422 vehicles in March, expanding by means of 18.5% 12 months over 12 months. The corporate utmost era introduced its rollout of separate complex driver-assistance era to native consumers in a bid to compete out there.

Aito, as of April 2, has now not revealed its supply numbers for March. The automaker, which makes use of Huawei tech in its automobiles, on social media had reported per month deliveries of 34,987 and 21,517 in January and February, respectively.

Quarterly efficiency

On a first-quarter foundation, BYD remained within the manage with 986,098 automobiles bought. The automaker, which overtook Tesla in annual sales last year, surpassed the U.S. EV giant in battery electric vehicles sales this quarter.

Tesla sold 172,754 vehicles in China in the first quarter this year, according to monthly delivery numbers published by the China Passenger Car Association.

Xpeng also reported strong growth, with a total of 94,008 vehicles delivered within the quarter finishing in March, reflecting a 331% year-over-year expansion.

Leapmotor noticed quarterly deliveries greater than double to 87,552 gadgets from 33,410 gadgets the similar length in 2024, in line with publicly to be had numbers the corporate revealed.

Then again, Li Auto and Nio reported weaker expansion than their competition within the first quarter of the 12 months.

Nio noticed 42,094 automobiles delivered within the 3 months ended March 2025, an build up of 40.1% 12 months over 12 months. Li Auto noticed a slower year-over-year expansion of 15.5%, with a complete of 92,864 automobiles delivered.

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