<p>Chinese electric vehicle companies announced February data, with Leapmotor (9863) increasing by 11% year-on-year to 28,067 units; Xiaomi (1810) saw a monthly decrease of 48% in vehicle deliveries. Due to multiple factors such as the Spring Festival holiday, industry off-season, and the resumption of the new energy vehicle purchase tax, the overall car market showed a general decline month-on-month.</p>
<h2>Leapmotor's Deliveries Increased by 11% Year-on-Year</h2>
<p>Leapmotor stated that last month's delivery reached 28,067 units, an 11% increase year-on-year, but a 12.5% decrease month-on-month.</p>
<h2>Xiaomi's Monthly Decrease of 50%</h2>
<p>Xiaomi's vehicle deliveries in February recorded over 20,000 units, remaining flat year-on-year but decreasing significantly by 49% month-on-month. Xiaomi indicated that it is preparing for mass production of the new generation SU7.</p>
<h2>Li Auto Delivered 26,000 Units in February</h2>
<p>Li Auto (2015) announced that it delivered 26,421 units in February, a slight increase of 0.6% year-on-year, but a decrease of 4.5% month-on-month; the historical cumulative delivery volume reached 1.594 million units. The company plans to launch the new generation Li Auto L9 in the second quarter.</p>
<h2>Nio's Year-on-Year Increase of Over 50%</h2>
<p>Nio (9866) reported that last month's delivery volume was 20,797 units, a significant increase of 57.6% year-on-year, of which 15,100 units were high-end smart electric vehicles; month-on-month deliveries fell by 25.3%.</p>
<h2>XPeng's Deliveries Decreased Both Year-on-Year and Month-on-Month</h2>
<p>XPeng (9868) delivered 15,256 units last month, a sharp decline of 50% year-on-year and a decrease of 23.8% month-on-month.</p>
<h2>Geely's New Energy Vehicle Sales Proportion Reached 57%</h2>
<p>Geely (175) sold 117,500 new energy vehicles in February, an increase of 19% year-on-year, accounting for 57% of total sales. Geely's total sales in February were 206,000 units, an increase of 1%.</p>
<h2>BYD Delivered 190,000 Units in February</h2>
<p>BYD (1211) sold 190,000 new energy vehicles in February, a significant drop of 41% year-on-year, with cumulative sales of 400,000 units in the first two months of this year, a year-on-year decrease of 35.8%</p>

01211

09863

BYDDY

<p>The delivery volume of the Chinese electric vehicle market generally declined in February. Leapmotor delivered 28,067 vehicles, an increase of 11% year-on-year; Xiaomi delivered over 20,000 vehicles, a decrease of 48% month-on-month. Li Auto delivered 26,421 vehicles, a slight increase of 0.6%; Nio delivered 20,797 vehicles, an increase of 57.6% year-on-year. XPeng delivered 15,256 vehicles, a decrease of 50% year-on-year. Geely's new energy vehicle sales reached 117,500 units, accounting for 57% of total sales. BYD delivered 190,000 vehicles, a significant drop of 41% year-on-year</p>

- China electric vehicle companies reported February data with varying delivery numbers.  
- Leapmotor delivered 28,067 vehicles, an annual increase of 11%, while Xiaomi's deliveries dropped 48% month-over-month to over 20,000 units.  
- Overall, the market showed a monthly decline due to factors like the Chinese New Year holiday and the resumption of taxes on new energy vehicles.

Stheadline

BYD COMPANY

LEAPMOTOR

BYD Company

BYD Company Limited

NIO-SW

Geely Auto

XPENG-W

GEELY AUTO

LI AUTO-W

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Hwabao WP CSI Intelligent Electric Vehicle ETF

Guotai CSI 800 Automobile and Parts ETF

First Trust S-Network Future Vehicles & Tech ETF

Hua Xia CSI New Energy Vehicles ETF

Global X Autonomous & Electric V

In February, China's electric vehicle deliveries saw Leapmotor leading with 28,000 units, while BYD's sales dropped by 40%