China's EV 'Golden October' Scoreboard: Leapmotor Tops 100k, Xiaomi Crosses 50k
On November 1, China's leading NEV makers released their October delivery figures. The 'Golden October' lived up to its name — Leapmotor led for a fourth straight month with over 100,000 units; XPeng and Xiaomi each broke the 50,000 monthly barrier for the first time, setting records; BYD returned to the 500,000-unit tier.
Delivery Highlights
- Leapmotor delivered 106,127 vehicles globally, +50.99% YoY, four months above 100k, cumulative nearing 2 million.
- XPeng delivered 50,237, +19.57% YoY; overseas 13,326, +166% YoY — a record.
- Xiaomi Auto topped 50,000 deliveries in October for the first time, boosted by the new 'Pengcheng' line.
- NIO 34,246; Jan–Oct cumulative 334,547, +38.5% YoY, a record. Li Auto 29,025, -8.63% YoY.
- BYD October NEV sales 490,168, +10.98% YoY, back above 500k; overseas PV & pickup 169,564.
Industry Outlook
CPCA data shows September NEV retail penetration hit 67%, a record high — electrification has shifted from policy-led to product-led. Overseas has become a second growth engine (Chery, BYD and SAIC led exports in the first 10 months), but from April 2027 the NEV export VAT rebate drops from 13% to 9%, shifting competition toward product strength and compliance.
Data at a Glance (October deliveries, units)
