Chinese electric vehicle manufacturer Xpeng delivered over 30,000 cars for the fourth consecutive month in February, with its mass-market brand distinguishing the company in an otherwise sluggish market.
According to Xpeng’s latest report, the company delivered 30,453 vehicles last month, including more than 15,000 units of its more affordable Mona model.
Since December, monthly deliveries of the Mona M03, which features a basic driver-assist system, have consistently surpassed 15,000, as per company data. Additionally, strong demand for driver-assist technology contributed to the P7+ electric sedan exceeding 30,000 deliveries within less than three months of its November launch.
Looking ahead, Xpeng’s upcoming vehicle lineup positions the company well to sustain its strong delivery momentum, Nomura analysts noted in a report released on Sunday.
The period from January to February is typically a slow season for car sales in China, as it coincides with the week-long Lunar New Year, the country’s most significant holiday. The domestic auto market remains fiercely competitive, with both legacy automakers and new industry players aggressively cutting prices and introducing technologically advanced models.
Meanwhile, Chinese smartphone giant Xiaomi reported delivering over 20,000 electric vehicles for the fifth consecutive month in February. Last week, the company reduced the starting price of its premium electric sedan, the SU7 Ultra, from 814,900 yuan ($111,878) to 529,900 yuan ($72,750).
According to Nomura analysts, an industry survey suggests that new orders for the SU7 are outpacing actual sales, indicating that Xiaomi’s main challenge lies in ramping up production to meet demand.
Tesla’s China delivery figures are typically published around the middle of the month.
Industry leader BYD recorded 318,233 new energy passenger vehicle sales in February, reflecting a slight increase from the previous month. In February, the company also announced plans to integrate driver-assist features across multiple models and incorporate artificial intelligence from DeepSeek.
Zeekr, a Geely-owned EV brand, saw an increase in deliveries, reaching 14,039 units in February, up from 11,942 in January, according to company data.
EV Brands That Faced Declines in February
Despite strong performances from some automakers, several major Chinese EV brands experienced a drop in deliveries last month.
Li Auto’s deliveries declined to 26,263 units in February, down from 29,927 in January. The brand’s premium-priced vehicles, which include a fuel tank to extend battery range, have remained popular among Chinese consumers. Last month, the company also unveiled the exterior design of its first fully battery-electric SUV.
Similarly, Nio’s deliveries dropped to 13,192 units in February from 13,863 the previous month. In an effort to stimulate sales, the company introduced a five-year, 0% interest financing plan on February 1.
Aito, a brand under Seres that integrates Huawei technology, recorded its lowest monthly deliveries in a year, with 21,517 units in February, according to CNBC’s analysis of publicly available data.
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