Overview

• BYD shipped 341,030 electric vehicles in July, down from 377,628 in June, marking its first monthly decline of 2025
• Li Auto and Nio also recorded month-on-month delivery declines in July despite unveiling new models at the end of the month
• Xpeng delivered a record 36,717 units in July, while Xiaomi, Leapmotor and the Huawei-backed Harmony Intelligent Mobility Alliance each set new monthly shipment highs
• Chinese authorities have vowed to crack down on steep discounts that fueled the price war, stepping up oversight of the auto sector’s pricing practices
• Global players showed mixed trends: Tesla’s Shanghai shipments fell 8.4% in July, Volvo Cars extended a five-month sales slump and U.S. sales at Hyundai and Kia rose over 13% year-on-year