The targets of NIO and Leapmotor were confirmed by their founders on their respective third-quarter earnings calls last month. Xiaomi, which has delivered more than 100,000 SU7 sedans, is eyeing even stronger sales growth with an aim of delivering 360,000 cars next year. The longer-term annual sales outlook for Huawei’s Harmony Intelligent Mobility Alliance (HIMA) could be 1 million units, according to the report. BYD has not provided any guidance for 2025, but Jefferies analysts estimated sales from the EV giant could hit 5.2 million units with an expected growth rate of 21%. Meanwhile, overall passenger car sales grew only 3% to almost 18 million units.