Electric Vehicle Deliveries Surge: XPeng Reports 273% Increase in April Sales

Good news has arrived! A significant increase of 273% has been reported! On May 1, the electric vehicle industry unveiled promising delivery figures for April. Among the new players in the market, Xpeng Motors delivered 35,045 vehicles, marking a remarkable year-on-year growth of 273%; Leap Motor reported 41,039 units delivered, up 173%; Xiaomi Motors exceeded 28,000 deliveries, while NIO delivered 23,900 vehicles.

In the secondary market, the electric vehicle and auto parts sectors have seen a steady rebound. As of April 30, the Wind Automotive Parts Index rose by over 2%, while the New Energy Vehicle Index was close to 2%. More than 20 stocks, including Lingdian Electric Control, Southern Precision, West Shanghai, Fuda Co., Rongtai Co., and Xingmin Zhichong, reached their daily limit or increased by over 10%.

Brokerage firms are optimistic about the ongoing acceleration of intelligent driving technology and its implementation across various scenarios, which presents significant investment opportunities in the industry’s drive toward smart vehicle upgrades and increased market penetration.

Xpeng Motors revealed on May 1 that in April 2025, it delivered 35,045 new vehicles, a growth of 273% year-on-year and 6% month-on-month, making it the only new energy vehicle company to exceed 30,000 deliveries for six consecutive months. This month, Xpeng also surpassed the significant milestone of 700,000 total deliveries.

Xpeng stated that in just seven days since the launch of the new Xpeng X9, it secured over 6,000 pre-orders in the domestic market and over 1,500 in the Asia-Pacific market, setting a record for pure electric MPVs and maintaining the top delivery spot for two consecutive weeks in this category. The Xpeng MONA M03, after eight months, has accumulated over 100,000 deliveries, and the Xpeng P7+ has seen its 50,000th unit roll off the production line within five months.

For the first four months of 2025, Xpeng’s total deliveries reached 129,053 vehicles, reflecting a year-on-year increase of 313%.

On the same day, Leap Motor announced its April delivery figures, reporting 41,039 vehicles delivered, an increase of 173% year-on-year. Recently, Leap Motor has made headlines; on April 18, it announced a collaboration with Stellantis Group to localize assembly in Malaysia, aiming to start production of the C10 model by the end of 2025. Additionally, on April 10, the B10 model was officially launched, with production exceeding 10,000 units in just 16 days. Furthermore, Leap Motor reached over 100,000 total deliveries of the C10 by April 2.

Meanwhile, NIO reported that in April 2025, it delivered 23,900 vehicles, an impressive growth of 53% year-on-year and 58.9% month-on-month. The NIO brand alone accounted for 19,269 units, while the Li Auto brand contributed 4,400 units. To date, NIO has achieved a total of 737,558 vehicle deliveries, with the NIO brand at 697,385 and the Li Auto brand at 39,942.

NIO recently highlighted the successful launch of its flagship intelligent electric vehicle, the ET9, which has gained recognition from several industry leaders. Additionally, on April 29, NIO Energy expanded its battery swap stations in Guangdong, reaching 428 stations across 122 districts and counties, and launched its 3,300th battery swap station on May 1.

On May 1, Li Auto also released its April delivery figures, reporting 33,939 vehicles delivered, a year-on-year increase of 31.6%. As of April 30, 2025, Li Auto’s cumulative delivery total stands at 1.26 million vehicles. The company has been recognized for its diverse offerings in the 200,000 to 500,000 yuan price range, leading the 20,000 yuan and above SUV sales for three consecutive quarters.

In April, Xiaomi Motors reported over 28,000 deliveries, while Zeekr Technology Group achieved 41,316 units, marking an increase of 18.7% year-on-year and 1.5% month-on-month. Avita sold 11,681 units, reflecting a year-on-year increase of 122.6%, while Land Rover recorded 10,019 deliveries, up 150%.

Industry analysts continue to monitor the ongoing progress in the automotive sector, particularly regarding intelligent upgrades. The China Automotive Association has indicated that in the first quarter of 2025, the passenger vehicle market has shown sustained positive trends, while the commercial vehicle market is experiencing a recovery. The production and sales of new energy vehicles continue to grow rapidly, providing robust support for the sector. In March 2025, car production and sales reached 3.006 million and 2.915 million, respectively, marking increases of 42.9% and 37% month-on-month.

Overall, in the first quarter of 2025, the automotive industry produced 7.561 million vehicles and sold 7.470 million, with year-on-year growth of 14.5% and 11.2%. The production and sales of new energy vehicles in March were 1.277 million and 1.237 million, respectively, reflecting increases of 47.9% and 40.1%.

Data from Wind shows that all 232 components of the A-share automotive parts industry reported their first quarter results, with 208 companies in profit and 24 in loss. Overall, the automotive parts industry generated total revenue of 281.9 billion yuan in the first quarter, up 8.54% year-on-year, with a net profit of 17.93 billion yuan, an increase of 5.69%.

Looking ahead, analysts expect steady growth in the automotive sector, driven by favorable policies and promotional activities. Despite previous market fluctuations, the penetration rate of new energy vehicles continues to increase. The competitive landscape among leading new energy companies is intensifying as traditional automakers and new entrants vie for market share.

In summary, the automobile sector is set to maintain robust growth in May, with policies and the acceleration of new energy penetration enhancing the competitive advantages of leading players.

In conclusion, the current focus remains on the progress of intelligent driving technology and the potential investment opportunities arising from the upgrade of the automotive sector.