Chinese new energy vehicle makers have set ambitious delivery targets for 2025, but most have yet to reach even a third of their annual goals by midyear.
As of June 30, XPeng was the only major player to surpass the halfway mark, delivering 197,189 vehicles — equivalent to 56% of its 380,000-unit target for the year.
The second half of the year — particularly the fourth quarter — is typically a stronger period for automotive sales and deliveries.
The Guangzhou-based company handed over 94,008 vehicles in the first quarter and added a further 104,181 units in the second.
XPeng continues to expand its presence in overseas markets, with European sales tripling year over year in April and May.
Late last month, the brand officially entered Italy, Slovakia and Czech Republic, with seven more countries to follow.
Sales from June reached new records in Germany and Norway, however fell both in the Netherlands and Sweden.
XPeng is bringing the refreshed versions of its G6 and G9 SUVs to Europe in a few weeks, indicating that some customers across the old continent could be waiting for the refreshed versions.
Xiaomi and Leapmotor are the only two brands that completed between 40% and 50% of their targets.
Earlier this year, Xiaomi raised its 2025 delivery target by 50,000 units to 350,000.
The Chinese tech giant usually announces an estimate of monthly deliveries, only revealing the concrete number by the end of the quarter. It delivered about 81,000 vehicles in the second quarter.
Together with 75,869 units from the first quarter, Xiaomi delivered approximately 156,869 SU7s in the January-June period — reaching 45% of the guidance.
The brand just launched its second EV model, the YU7 SUV, last week. The brand announced it received 240,000 locked-in orders within 18 hours, which may overwhelm the production capacity.
The brand’s Phase 2 EV plant has ramped up hiring efforts ahead of mass production, local outlet Sina Tech reported earlier this week, citing a human resources service provider working with the company.
Additionally, late last month, Xiaomi secured a 50-year lease for a 485,134m2 plot of land in Beijing, near its EV plant, reaffirming expansion plans.
Customers who ordered the YU7, which only had a small number of vehicles ready for immediate delivery as of its launch, face a waiting period of between 38 and 60 weeks. The information was reported by Reuters last week.
According to Xiaomi‘s website, the current delivery wait time is 38 to 41 weeks (about nine months) for the SU7 and 18 to 21 weeks (four to five months) for the SU7 Ultra.
Stellantis-backed Leapmotor announced on Tuesday that it delivered 48,006 vehicles in June, setting a new record in monthly deliveries.
From January to June, the EV maker rolled out 221,664 vehicles, up 155.7% from the same period a year ago.
Leapmotor intends to sell between 500,000 and 600,000 units in 2025, doubling figures from the previous year. In 2024, the brand delivered 293,724 vehicles, doubling from the figures reported in 2023.
In the first half of the year, the brand completed 44% of the target.
Li Auto trimmed its annual delivery target from 700,000 units to 640,000 in May, citing “weaker than expected” orders for the revamped Li L6 (the brand’s best-selling model).
Last week, as it prepared to report monthly deliveries, the brand lowered its delivery estimates from 123,000-128,000 to “approximately 108,000 vehicles.”
Second quarter figures came in at 111,074 vehicles, slightly above than the adjusted guidance.
With first quarter figures included, Li Auto has delivered 203,938 vehicles year to date — completing 31.9% of the lowered target of 640,000 vehicles.
Geely-backed Zeekr brand delivered 16,702 vehicles in June. Figures showed a decline both sequentially and year over year.
The premium automaker registered 49,337 vehicles in the second quarter of the year — also a 10% drop year over year, despite reaching higher numbers when compared to the January-March period.
Zeekr aims to deliver 320,000 vehicles by year-end. In the first half of the year, the brand delivered 90,730 units, meaning it reached 28.4% of the target.
The Zeekr Group, which includes both the Zeekr brand and Lynk&Co since February, set a guidance of 710,000 units delivered in 2025.
Year to date, the Group registered 214,800 vehicles, which represented 30.3% of the yearly target.
Last week, Zeekr announced on Weibo it rolled out its 500,000th mass-produced vehicle.
Nio delivered 14,593 vehicles from its main brand in June, plus 6,400 from Onvo and 3,932 from the recently launched Firefly.
A month ago, as it reported its first quarter financial results, the EV maker said it expected vehicle deliveries of the three brands combined to range between 72,000 and 75,000 units in the second quarter.
Total figures for the April-June period stood at 72,056 units, above first quarter deliveries of 42,094 units.
Nio is targeting a near doubling of annual deliveries in 2025, aiming to hand over approximately 443,000 vehicles — up from 221,970 units last year.
However, the electric vehicle maker delivered 114,150 cars in the first half, meeting just 25.7% of its full-year target.
The company is banking on its newly launched Firefly brand, additional models under the Onvo sub-brand, and refreshed versions of four core Nio models to accelerate deliveries in the second half.
Founder and chief executive William Li said in early June that the company aims to deliver 25,000 Onvo vehicles per month in the fourth quarter, alongside a further 25,000 monthly deliveries from the core Nio brand.
Nio is targeting the last quarter of 2025 to become profitable.
Earlier this Thursday, the company announced that it will move its annual product showcase, ‘Nio Day,’ to the fall — marking the first time the event will not be held at the end of the year or in early January since it began in 2017.
The event will now coincide with the launch of the revamped ES8 SUV — which was its first mass-produced vehicle, back in 2018.
BYD sold 377,628 passenger vehicles last month, including 206,884 battery electric cars. Figures came in 11% higher from a year earlier, helping to push first-half volumes to 2.1 million.
The Group now needs to deliver 2.4 million vehicles in the second half to hit its annual target for 5.5 million deliveries.
BYD rolled out this week the first ever vehicle at its new passenger car plant in Brazil.
