BYD Achieves Over One Million Units Sold in a Single Quarter!
On April 1st, several new energy vehicle companies released their sales and delivery reports for the first quarter. Unlike previous months where data was released later in the day, many companies shared their figures in the morning of April 1st. This early disclosure highlights the current competitive landscape in the electric vehicle industry.
Li Auto and Xpeng Lead the Growth
In March, Li Auto reported a monthly delivery of 37,095 vehicles, representing a year-on-year increase of over 154%. The company attributes this strong growth to its rising competitiveness and customer trust in the electric vehicle market. The new B10 model from Li Auto is set to launch on April 10th.
Xpeng Motors also maintained its growth momentum, delivering 33,205 smart electric vehicles in March, which is a 268% year-over-year increase. This marks the fifth consecutive month where deliveries exceeded 30,000 units. Cumulatively, Xpeng delivered 94,008 vehicles in Q1 2025, up 331% from the previous year. During Xpeng’s recent spring launch event, the new 2025 models, G6 and G9, were introduced, both featuring 5C ultra-fast charging AI batteries and Turing AI smart driving capabilities.
Other Key Players Report Solid Results
Li Auto and Nio, two other notable companies in the sector, also reported impressive figures. Li Auto delivered 36,674 vehicles in March, reflecting a 26.5% year-on-year increase. For Q1 2025, total deliveries reached 92,864 units, a 15.5% increase. Nio, on the other hand, delivered 15,039 vehicles in March, marking a 26.7% year-on-year growth. In total, Nio delivered 42,094 vehicles in Q1 2025, an increase of 40.1%. Notably, Nio plans to launch its third brand, Firefly, in April.
Additionally, on April 1st, Nio announced a new collaboration in the battery swap sector, signing an agreement with a subsidiary of Changsha Economic Development Group to build 100 integrated energy stations in Hunan Province. This partnership will also explore infrastructure development for electric vehicle charging and battery swapping.
BYD’s Record-Breaking Sales
On April 1st, BYD reported sales data for March and the first quarter. In March, BYD sold 377,420 vehicles, with 371,419 of those being new energy passenger cars, reflecting a 23.1% year-on-year growth. In total, BYD sold 1,000,800 vehicles in Q1 2025, a remarkable 59.81% increase, crossing the one million sales mark.
In the international market, BYD sold 72,723 new energy vehicles in March. The total installed capacity for new energy power batteries and energy storage reached approximately 20.347 GWh, with a cumulative total of 52.553 GWh achieved in 2025. BYD aims to sell 5.5 million vehicles in 2025, with over 800,000 units targeted for international markets, nearly doubling its sales from 2024. To meet this target, BYD is accelerating its overseas channel development and local production, with factories in Thailand, Uzbekistan, and other regions already operational, and plans to expand into Europe, South America, and Southeast Asia.
Xiaomi Cars Sets Ambitious Delivery Goals
Xiaomi Cars announced on April 1st that it delivered over 29,000 vehicles in March 2025. The company is confident in achieving its goal of 350,000 units for the year due to steady improvements in production capacity. Xiaomi continues to expand its sales network, adding 15 new stores in March, bringing the total to 235 across 65 cities. By the end of March, Xiaomi had 127 service outlets nationwide, covering 75 cities. In April, the company plans to open 33 more stores in cities such as Baoding, Dezhou, Deyang, Shantou, Xiangtan, Liuzhou, and Ma’anshan.
On the same day, Xiaomi addressed a recent traffic incident involving its SU7 model, stating that the vehicle was operating under NOA smart assisted driving mode at 116 km/h when the accident occurred. The vehicle detected an obstacle and issued warnings while slowing down, but the driver took over control before a collision with a concrete barrier occurred.
Other New Energy Companies Shine
Other emerging companies also reported impressive results for Q1. Lantu Motors delivered 10,012 vehicles in March, a 64% increase year-on-year, with a total of 26,034 vehicles delivered in Q1, up 59%. Lantu’s CEO expressed confidence in the company’s strategy and highlighted the brand’s growing trust in the market.
Zeekr Technology announced March sales of 40,715 units, marking a 24.6% year-on-year increase and a 30.2% month-on-month growth. From January to March, Zeekr’s total sales reached 114,011 units, showing a 21.1% increase, leading the high-end luxury segment of China’s new energy market.
Avita reported sales of 10,475 vehicles in March, doubling year-on-year. The company also noted that pre-orders for the Avita 06 reached 20,117 units within 26 hours. Another brand under Changan, Deep Blue, delivered 24,371 vehicles in March, a remarkable 86.7% year-on-year increase.
GAC Group’s Aion also regained momentum, reporting global sales of 34,082 units in March 2025, a 4.8% year-on-year increase and a 63.4% month-on-month increase.
