Xpeng beats Li Auto to become China’s top-selling EV startup in January

['Jill Shen', 'More Jill Shen', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] TechNode 2025-02-05 00:00:00

Having been the best-selling EV startup in China for two consecutive years through 2024, Li Auto kicked off 2025 with a larger-than-average sales decline, as year-end promotional activities had front-loaded demand in December last year. China’s biggest EV startup offered three-year and 0% interest financing for its customers through the month of December. Meanwhile, the passenger car sales of EV giant BYD fell by 42% from December to 296,446 units in January. Some of the other major Chinese EV makers, such as NIO, Leapmotor, and Xiaomi, also reported a sharp month-on-month decline in January of 55.5%, 40.8%, and 20%, respectively. READ MORE: China’s EV startups reportedly set ambitious sales targets for 2025