NEV makers see sales surge in February

Major new energy vehicle manufacturers in China saw robust sales growth last month, after a lukewarm start in January.

BYD delivered 322,846 vehicles in February, marking a 164 percent year-on-year increase.

The company's Dynasty and Ocean series contributed 304,673 units, while its premium brands—Fang Cheng Bao, Denza, and Yangwang—sold 4,942, 8,513, and 105 vehicles, respectively.

Notably, BYD's overseas sales surged, with 67,025 vehicles sold, underscoring its growing global presence.

Xpeng retained its position as the leader among startups, delivering 30,453 vehicles in February, a remarkable 570 percent increase compared to the same period last year.

This marks the fourth consecutive month that the Guangzhou-based startup has surpassed the 30,000-unit delivery milestone.

Xpeng also highlighted the growing adoption of its advanced driver-assistance systems. During the Spring Festival holiday, its ADAS usage saw significant growth, with total driving distance and duration increasing by 98.2 percent and 103.5 percent, respectively.

Li Auto followed closely, delivering 26,263 vehicles in February, a 29.7 percent year-on-year increase. Li Auto's CEO, Li Xiang, expressed confidence in the company's first pure electric SUV, the Li i8, after receiving positive feedback on its design.

Leapmotor continued its upward trajectory, delivering 25,287 vehicles in February, a 285 percent year-on-year increase. The launch of the new Leapmotor T03 in late February further boosted sales.

Xiaomi's entry into the automotive market has been met with overwhelming demand. The Xiaomi SU7 Ultra, which went on sale recently, received 6,900 orders within 10 minutes and surpassed 10,000 orders in just two hours.

In February, Xiaomi delivered over 20,000 SU7 vehicles, maintaining a streak of five consecutive months with deliveries exceeding 20,000 units. Cumulative deliveries have now surpassed 180,000 vehicles.

Nio delivered 13,192 vehicles in February, a 62.2 percent year-on-year increase. Its namesake Nio brand accounted for 9,143 units, while its subsidiary brand, ONVO, delivered 4,049 units. Nio's flagship electric sedan, the ET9, is in the final stages of preparation for deliveries, with test drives scheduled to begin in late March.

Zeekr, following its recent restructuring, delivered 31,277 vehicles in February. The Zeekr brand contributed 14,039 units, an 86.9 percent year-on-year increase, while Lynk & Co delivered 17,238 units, with new energy vehicles making up 47.9 percent of sales.

Voyah also saw significant growth, selling 8,013 vehicles in February, a 152 percent year-on-year increase. Cumulative deliveries for the first two months of 2025 reached 16,022 units.

Voyah CEO Lu Fang attributed the growth to a surge in orders since the beginning of the year and emphasized the company's commitment to meeting rising customer demand.