The flagship store of Xiaopeng Motors in Shanghai, China, on Feb. 18, 2025.
CFOTO/Future Publishing via Getty Images
Chinese electric automobile company Xpeng delivered greater than 30,000 cars for a fourth-straight month in February, as its mass-market brand helped the corporate stand out in an otherwise tepid market.
Xpeng delivered 30,453 cars last month, including greater than 15,000 units of its lower-priced Mona vehicle, the corporate said over the weekend.
Deliveries of the Mona M03, which include a basic driver-assist system, have topped 15,000 a month since December, in line with company figures. Xpeng also said strong demand for driver-assist propelled deliveries of its P7+ electric sedan to greater than 30,000 lower than three months since its launch in November.
Looking ahead, Xpeng’s planned recent vehicles also give the corporate “a great likelihood to increase its solid delivery momentum,” Nomura analysts said in a Sunday note.
The January to February period tends to be seasonally soft for Chinese automobile sales because it coincides with the week-long Lunar Latest 12 months, the country’s biggest holiday of the 12 months. The local auto market stays highly competitive as traditional automakers and recent entrants have rushed to chop prices and launch vehicles with recent tech features.
Chinese smartphone company Xiaomi delivered greater than 20,000 electric cars for a fifth straight month in February. The corporate last week slashed the starting price of its luxury electric sedan, the SU7 Ultra, to 529,900 yuan ($72,750), down from 814,900 yuan ($111,878).
The SU7’s “recent order situation is even higher than actual sales,“ Nomura analysts said, citing its own industry survey. Which means the one challenge for Xiaomi is its ability to provide enough cars, the analysts said.
Figures on Tesla‘s China deliveries are typically released across the middle of the month.
Industry giant BYD reported 318,233 recent energy vehicle passenger automobile sales in February, up barely from the prior month. The corporate last month announced it was rolling out driver-assist across a variety of its cars and integrating artificial intelligence from DeepSeek.
Geely-owned Zeekr delivered 14,039 units in February, up from the 11,942 delivered the previous month, in line with company figures.
EV brands that struggled in February
Nevertheless, deliveries of several other major Chinese electric automobile brands declined over that point.
Li Auto deliveries fell to 26,263 units last month, from 29,927 in January, in line with the corporate. Its premium-priced vehicles have been popular with Chinese consumers since they arrive with a fuel tank for extending the battery’s driving range. Last month, Li Auto revealed the outside design of its first fully battery-electric SUV.
Nio deliveries dropped to 13,192 units in February, down from 13,863 the month before. The corporate announced a five-year, 0% interest plan on Feb. 1 in a bid to spice up sales.
Aito, the Seres-owned brand that uses Huawei technology, reported its lowest deliveries in a 12 months, at 21,517 units in February, in line with CNBC evaluation of publicly available figures.
