Xpeng has maintained an unbroken streak of growth through 2025, a rare feat in China’s highly competitive electric vehicle market.
The company delivered 42,013 vehicles in October, marking the second time this year it has surpassed the 40,000 mark.
The latest milestone follows the rollout of its Mona series, a mass-market line launched in late August with deliveries starting in September.
The company’s total includes both Xpeng-branded and Mona-branded vehicles, though it did not provide a regional breakdown of sales between China and global markets.
The Mona series aims to capture the mid-tier segment with the M03 sedan, priced from 119,800 yuan ($16,812) to 155,800 yuan for versions with advanced driver-assistance systems.
Xpeng’s steady performance places growing pressure on Tesla, which continues to face fluctuating sales in China amid rising competition and ongoing price wars.
Nio achieves record month
Rival automaker Nio also delivered a record 40,397 vehicles in October — up 92.6% from the same month last year and 16% higher than in September.
This marks the first time Nio’s monthly deliveries have crossed the 40,000-unit threshold.
The company attributed the increase to strong demand across its expanding product portfolio, including its premium Nio line and newer sub-brands Onvo and Firefly, which cater to mid-range and compact buyers.
Its flagship Nio brand rose from 13,728 to 17,143 units, nearly matching Onvo’s 17,342 deliveries.
Tesla’s mixed run in China
Tesla’s performance in China has been inconsistent in recent months.
According to the China Passenger Car Association, Tesla’s wholesale numbers reached 67,886 in July, climbed to 83,192 in August, and then fell to 71,525 in September.
October’s figures have not yet been released, but the data underscores the company’s exposure to China’s intensifying EV price competition.
BYD remained China’s top EV manufacturer in October, delivering 436,856 units and surpassing the 300,000 threshold for the year.
Despite this, deliveries were down 12.7% from the same month last year.
The results come amid a 32.6% year-on-year decline in BYD’s third-quarter profit, as disclosed in its recent financial statement.
The drop highlights the strain even leading automakers face as costs rise and competition intensifies.
Other key performers
Leapmotor delivered 70,289 vehicles in October, a 5.5% increase after crossing 60,000 sales in September.
Huawei-backed Harmony Intelligent Mobility Alliance — which includes Aito, Chery, and Maextro — also reported 70,289 deliveries.
Xiaomi maintained deliveries above 40,000 units, though the company did not disclose specific figures.
Li Auto, however, saw a 6.4% decline to 31,767 units after a temporary rebound last month following a marketing setback.
Geely-owned Zeekr recorded the lowest deliveries among major players at 21,423 vehicles, still above its 18,257 sales in September.
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