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December electric vehicle report card: BYD monthly sales of 0.515 million vehicles, "Weilai, Xiaopeng, and Ideal" all reach new highs.
On January 1, 2025, mainstream Electric Vehicle brands in China delivered impressive results for December. Among them, BYD led the market with a monthly sales volume of 514,800 units; Li Auto delivered 58,500 units, reaching a historical high; Xpeng delivered 36,700 units, breaking records for four consecutive months; NIO exceeded a monthly delivery volume of 30,000 units for the first time. In December, Leapmotor delivered 42,517 units, achieving a historical high for seven consecutive months; ZEEKR delivered 27,190 units, with a year-on-year growth of 102%, announcing a target of 320,000 units for 2025. BYD's sales of Electric Vehicles in December exceeded 510,000 units, setting a new record.
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In 2024, the implementation of the "national subsidy" policy for the exchange of old for new will effectively stimulate the demand for home appliances and Consumer Electronics. Market analysis suggests that related subsidies for the exchange of old for new are expected to continue next year, with mobile phones and more home improvement categories likely included, while the future policy-driven effects still remain to be observed.
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