Huawei Leads the New Wave in China’s EV Market

In February, Aito sold 21,142 vehicles, surpassing its peers in the new EV brand category, with the exception of the veteran BYD.

This marked Aito’s lead over Li Auto, which sold 20,251 vehicles for the second consecutive month.

Nio sells 8,132 vehicles, down nearly 20% from the previous month, while Xpeng, facing supply chain issues, sells 4,545 EVs.

Huawei’s rise in the EV market underscores its successful entry, challenging newcomers like Li Auto, Nio, and Xpeng.

In February, BYD sold 121,748 vehicles, while Tesla’s Shanghai factory deliveries fell to their lowest in over a year at 60,365 units, with exports and domestic shipments evenly split.

Overall retail passenger vehicle sales in China, excluding minivans, saw a 21% year-over-year decline in February to 1.1 million units, a steep 46.2% fall from January.

This landscape is evolving quickly, with technological advancements and international competition shaping the future of mobility in China and beyond.