Overview

• Leapmotor delivered a record 45,067 vehicles in May, up 148% year-on-year, while Huawei-backed Aito set its highest monthly deliveries at 44,454 units.
• Li Auto rebounded with 40,856 May deliveries, a 20.4% increase from April, and plans to launch its second BEV model, the i8, in July.
• BYD maintained its market lead with 376,930 cars sold in May but slashed prices on 22 models, including a 20% cut on its Seagull hatchback, fueling a broader price war.
• Xpeng’s deliveries dipped to 33,525 units and Nio’s fell to 23,231 in May, while Xiaomi sustained sales above 28,000 vehicles for a second consecutive month.
• Li Xiang says Li Auto will introduce more affordable multi-purpose vehicles and sedans once its SUV lineup hits 300 billion yuan in annual revenue as Chinese brands diversify into Africa and other emerging markets.