HANGZHOU, CHINA – SEPTEMBER 21, 2025 – Viewers watch a brand new vitality automobile below BYD at an auto present in Hangzhou, Zhejiang Province, China on September 21, 2025.
Cfoto | Future Publishing | Getty Images
China’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries in 2025, even because it entered the peak season for autos, in yet one more signal that the market chief is going through a slowdown.
BYD delivered 393,060 units in September, marking an nearly a 6% decline yr over yr.
That comes after the agency reportedly slashed its sales goal for this yr by as a lot as 16% to 4.6 million deliveries, amid a fierce value competitors in the home market.
Still, BYD continued to dominate the market share, taking on greater than 54% of whole EV sales in September.
Upstarts shine
On the different hand, EV upstarts throughout the board set new information in their monthly automobile supply numbers, with a few of them buoyed by cheaper, new launches.
Promotions from the automobile makers and incentive insurance policies from the Chinese authorities authorities have additionally supported “a sequential improvement” in sales that often happens throughout the peak interval in the final 4 months of the yr, stated Joey Ying, an autos analyst from Nomura.
Leapmotor delivered 66,657 vehicles in September, rising over 97% yr on yr and persevering with its streak of all-time file highs. The Stellantis-backed firm’s newest determine additionally surpassed the 50,000 mark it reached in July.
Leapmotor’s C10 and C16 fashions topped sales in their very own measurement classes (below 200,000 yuan) for the fourth and eighth straight month, respectively.
In an analogous beat, the Huawei-backed Harmony Intelligent Mobility Alliance, which incorporates manufacturers corresponding to Aito, Chery, and Maextro, set a recent monthly file with 52,916 units throughout its complete sequence.
The automaker additionally surpassed the 40,000 vary that it has been hovering inside since May.
Xiaomi clocked a brand new milestone with over 40,000 units in September. Although the electrical automobile carmaker didn’t specify the actual numbers, the newest determine was about twice of what it delivered in January.
The EV rising star YU7, Xiaomi’s second manufacturing mannequin and direct competitor to Tesla’s Model Y, cumulatively delivered a complete of 40,000 units over the past three months because it formally launched in July.
Also beating its personal monthly supply file was Xpeng, with 41,581 deliveries in September, marking a 95% year-over-year enhance and up 10% on a monthly foundation. The automaker additionally exceeded the 40,000 mark, after staying inside the 30,000s vary since final November.
Nio posted 34,749 deliveries in September, notching the second straight month of recent file highs. Nearly half of the sales have been of its family-oriented good electrical automobile model, Onvo.
Meanwhile, Li Auto rebounded in September with 33,951 deliveries, after two consecutive months of sales beneath its normal 30,000 vary. The startup recorded declining sales over the previous three months regardless of a brand new automobile launch in August, following a marketing blunder.
Geely-owned Zeekr made 18,257 deliveries in September, barely beneath its file of 18,908 units in May.