economy
January 3, 2026
BYD's China EV deliveries sharply decline in December, but lead overall sales in 2025
BYD led China EV deliveries in 2025, though its December sales took a hit from the aggressive price war and weak domestic demand.
TL;DR
- BYD's December sales declined year-on-year due to an aggressive price war and weak domestic demand.
- BYD achieved its revised 2025 sales target of 4.6 million, delivering over 4.54 million passenger vehicles, a 6.94% increase from 2024.
- EV startups Leapmotor and Xpeng posted strong growth in 2025, with Leapmotor nearly doubling its sales and Xpeng showing a 126% jump.
- Nio reported a 46.9% year-on-year increase in deliveries, with about half attributed to its premium namesake brand.
- Xiaomi recorded over 50,000 sales in December and more than 380,000 car deliveries in 2025.
- Li Auto delivered 406,343 vehicles for 2025, a decline from 2024, but saw a recovery in December.
- Huawei-backed Harmony Intelligent Mobility Alliance delivered about 589,107 vehicles in 2025, a 32% year-on-year increase, with December marking record deliveries for the third consecutive month.
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