Noah Romsdal Hallundbæk Sørensen
China’s EV boom slows down – only a few manufacturers are keeping up the pace in 2025.
China’s electric vehicle manufacturers have experienced a mixed 2025.
A new report from Yiche Ranking, a Chinese automotive information and e-commerce platform, shows that only three out of twelve leading producers of new energy vehicles (NEVs) are on track to meet their own annual sales targets.
According to Car News China, Xpeng has emerged as the clear winner of the year — and the brand is also available in Denmark.
Xpeng Reaches Its Goal First
Xpeng set an ambitious target of selling 350,000 cars in 2025 but had already achieved 355,209 units sold by the end of October.
This makes Xpeng the first Chinese EV manufacturer to hit its annual goal two months ahead of schedule, Car News China reports.
It positions the company as a rare bright spot in an industry where many brands struggle to meet their own expectations.
Competitors Close Behind
According to Yiche Ranking’s top-12 list, only Leapmotor and Xiaomi Auto are keeping up with Xpeng. Leapmotor has sold nearly 460,000 cars out of a target of 500,000, while Xiaomi Auto has reached 306,000 out of its planned goal of 350,000.
These three brands dominate this year’s NEV rankings, while well-known names like Voyah, Nio, and Zeekr — also available in Denmark — continue to struggle to meet their objectives. Voyah has sold just over half of its planned 200,000 units, while Nio is still around 200,000 cars short of its 440,000 target. Zeekr remains at a similar level, having sold roughly half of its planned 320,000 vehicles.
Production Issues Slow Xiaomi
Car News China highlights that Xiaomi Auto has been particularly affected by production limitations. The company reportedly has a large backlog of unfulfilled orders, even though it delivers about 40,000 vehicles per month.
Production is expected to expand in the coming months, which could help Xiaomi Auto reach its target before the end of the year.
Tougher Times for the Rest
For manufacturers outside the top four, the outlook appears less positive. According to the report, none of the remaining brands had achieved more than 83.3 percent of their annual goals by October, making it unlikely they will hit their targets before year’s end.
Still, several companies — including IM Motors, Voyah, and Nio — report growth in sales volumes during 2025. New model launches and rising demand have contributed to progress, even if targets are not fully met.
Growth with Obstacles
Car News China concludes that China’s EV market continues to expand, but 2025 has proven to be a challenging year for many manufacturers. Xpeng, Leapmotor, and Xiaomi Auto stand out as the most successful players, with strong sales and solid production. Meanwhile, the rest of the market must rely on innovation and new models to strengthen their position in the year ahead.
Sources: Car News China, Yiche Ranking.
This article is made and published by Noah Romsdal Hallundbæk Sørensen, who may have used AI in the preparation
