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China's EV Market Sees Strong Weekly Rebound with BYD, Tesla, and Startups Leading Gains

BYD posts its best Q2 week with 62,200 sales, while Tesla achieves a 51.5% surge; emerging players like Leapmotor and Xiaomi also show significant growth.

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Overview

  • BYD recorded its strongest week of Q2 with 62,200 new energy vehicle sales, marking a 10% increase from the prior week and solidifying its market leadership.
  • Tesla registered 10,300 vehicles in China between April 21 and 27, a 51.5% jump from the previous week, driven by strong demand for the refreshed Model Y.
  • Leapmotor led EV startups with 9,200 units sold, surpassing Li Auto's 8,600 sales, while XPeng saw a 9% weekly increase to 7,200 units.
  • Xiaomi crossed the 100,000-unit milestone for 2025, selling 7,000 SU7 sedans last week, as it prepares to launch its YU7 SUV this summer.
  • Nio Group, including its sub-brand Onvo, achieved 7,970 weekly registrations, with Onvo sales doubling to 1,405 units, supported by new purchase incentives.