China EV makers post mixed October sales as BYD and Xpeng set records

· Automotive & EV · China

China's major automakers reported sharply divergent October deliveries. BYD sold 490,168 new-energy vehicles, up 11% and a year-to-date high, with battery-electric sales topping 300,000 for the first time and a sixth straight month of year-on-year growth. Xpeng passed 50,000 monthly deliveries for the first time, and Leapmotor set a record 106,127 units, its fourth month above 100,000. Geely sold 310,183 vehicles, just 245 short of its monthly record, with exports strong. Chery sold 295,934 vehicles, up 5.3%, with exports above 200,000 for the third time this year. The picture was weaker elsewhere: Nio fell 15.23% to 34,246, ending a 31-month growth streak; Zeekr rose 51.63% year on year but fell 12.72% from September; Huawei's HIMA halved to 33,537; and GWM dropped 15.87% to 120,374, its steepest decline this year.

Why it matters：China is the world's largest EV market, so its monthly delivery data is the clearest signal of whether price competition and export push are still lifting volumes across the sector.

Key points

  • BYD's battery-electric sales exceeded 300,000 for the first time
  • Leapmotor has now topped 100,000 monthly deliveries four months running
  • Nio's decline ended a 31-month streak of year-on-year growth

Sources (original reporting)

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