HEFEI, CHINA – MAY 25: Chinese EV maker Nio formally launches refreshed variations of its ET5 sedan on May 25, 2025 in Hefei, Anhui Province of China. Nio formally launched the up to date ET5 sedan and ET5T wagon, with an unchanged beginning worth however bringing a number of function upgrades. (Photo by Zhang Dagang/VCG through Getty Images)
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From China’s electrical carmaker big BYD to startup Nio, the newest experiences for August present EV demand rebounded after a slump earlier in the summer amid a fierce worth struggle.
BYD introduced it shipped 371,501 units in August, practically 22% progress from a 12 months in the past.
Meanwhile, Nio, Leapmotor, and Xpeng set new supply data after launching fashions with wallet-friendly worth tags, that began deliveries from finish July to finish August.
Nio — which debuted a brand new mannequin in August — set a brand new document with 31,305 shipments in the same month, exceeding the 20,000 vary clocked for 4 straight months, with a slight decline in July.
The August spike is owed largely to its sub-brand, Onvo, which made 16,434 deliveries in August in comparison with a mere 5,976 in July. That additionally marks Onvo’s first month of supply within the five-digit vary.
Under its family-oriented model Onvo, the EV startup launched a brand new SUV mannequin, the L90, that started its six-seater variation deliveries on Aug. 1. The seven-seater model is scheduled for deliveries in late September.
Shares of Nio also popped on the launch of its namesake model’s SUV, the ES8 —priced from 308,800 yuan ($43,305) onwards— for pre-order with deliveries additionally scheduled in late September.
Similarly, Leapmotor set an all-time excessive document of 57,066 deliveries in August on the gross sales of its new mannequin, the B01, which launched on July 24. That’s an 88% enhance 12 months over 12 months and better than July’s 50,129 deliveries.
The surge in Leapmotor’s gross sales was partly because of the success of the B01 mannequin, that bought greater than 10,000 models inside the first month of its launch and the excitement garnered from a brand new shade launch of the B10 mannequin.
The newest gross sales determine marks the most important leap since March this 12 months, when deliveries of the Stellantis-backed EV maker spiked from 25,287 in February to 37,095 in March.
Similarly, Xpeng recorded a new monthly high of 37,709 deliveries in August on its new P7 mannequin which launched gross sales from Aug. 28. The new mannequin was competitively priced from 219,800 yuan onwards, making it one of many lowest priced EVs out there.
Xiaomi maintained its supply vary in August with over 30,000 deliveries, after notching its first supply surge since March following the rollout of the YU7 SUV in July. The EV carmaker didn’t report the precise numbers.
Other EV makers rebounded solely barely for the month. Following deliveries that plateaued from June to July, Geely-owned Zeekr, recorded 17,626 sales in August, a marginal climb from the 16,977 models in July.
Controversy drags gross sales
Meanwhile, Li Auto clocked its third continuous month of decline with 28,529 deliveries in August, down from 30,731 models within the earlier month, regardless of launching a competitively-priced mannequin, Li i8, on July 29.
The firm got here beneath fireplace in August for a video of a collision check between the Li i8 and a truck from Dongfeng Liuzhou, one other car firm, which some netizens claimed had unfair check situations.
Though Li Auto initially defended their calculated and controversial advertising and marketing tactic, they later apologized to the truck firm.
The August decline was marginal in comparison with the final two months, however it may sign a broader disapproval against the EV price war.
Huawei-backed Harmony Intelligent Mobility Alliance —which incorporates manufacturers reminiscent of Aito, Chery, and Maextro— additionally noticed decrease automobile deliveries at 44,579 units in August, in comparison with 47,752 in July. The firm didn’t attribute or break down its deliveries in accordance with any specific manufacturers or fashions.