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China EV race: XPeng leads January sales with 268% surge

XPeng Motors surpassed Li Auto last month with 30,350 deliveries, up 268% YoY, securing the monthly sales crown increase, driven by strong performances from its Mona and P7+ models. Li Auto delivered 29,927 vehicles, losing its long-held top position, while Leapmotor achieved 25,170 deliveries, up 105% YoY and achieving quarterly profitability ahead of schedule, making it the second profitable EV startup. Xiaomi SU7 continued its strong performance with over 20,000 deliveries for the fourth consecutive month, surpassing 150,000 cumulative deliveries, with a 2025 target of 300,000 units. Nio delivered 13,863 vehicles in January, up 37.9% YoY, including 5,912 units from its new Onvo brand.

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