Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024.
Nurphoto | Nurphoto | Getty Images
SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.
Electric vehicle juggernaut BYD delivered 504,003 passenger vehicles in November, up from last month’s 500,526. Its cumulative deliveries for passenger cars stand at 3,740,930, exceeding its initial full-year target of 3.6 million deliveries.
Meanwhile, Stellantis-backed Leapmotor saw 40,169 deliveries in November, up 5.22% from the previous month and 117% year on year. The company has delivered 251,207 cars year-to-date, surpassing its 250,000 annual delivery target.
Xiaomi, likewise, achieved the feat of surpassing its annual target of 100,000 deliveries midway through November. The company launched its first car, the SU7, in March this year.
For the full month of November, the Chinese phonemaker company delivered more than 20,000 cars for the second consecutive month this year. Xiaomi has revised its target to 130,000 deliveries by the end of the year.
Chinese electric carmaker Zeekr said Sunday it delivered 27,011 cars in November, beating the previous month’s record by 7.83%, and increasing by 106% year on year.
This month’s deliveries brings its full year’s deliveries to 194,933 — only slightly short of its full-year delivery target of 230,000 vehicles.
The Geely-backed automaker began deliveries of its new five-seater SUV Zeekr Mix on Oct. 23.
Xpeng also achieved an all-time best with 30,895 deliveries in November, up 29% from the previous month.
The deliveries included the company’s mass-market car, Mona M03, which exceeded 10,000 deliveries for the third consecutive month. Xpeng launched Mona M03 in late August with prices starting at $16,812, while Tesla’s cheapest car, the Model 3, starts at 231,900 yuan ($31,897).
Xpeng’s November deliveries also included more than 7,000 deliveries of the P7+, which launched Nov. 7 and received 31,528 orders by midnight that day.
Premium brand Nio delivered 20,575 cars in November, up 28.9% year on year. Deliveries included 5,082 vehicles from its lower-priced brand Onvo, which was launched in September.
In a Nov. 20 earnings call, the company said it aimed to deliver between 72,000 and 75,000 cars in the fourth quarter. That means Nio has to deliver at least 30,449 cars in December to meet the minimum target.
Nio will also launch its Firefly brand on Dec. 21, CEO William Li said in the same call. Co-founder and president Qin Lihong confirmed to local media last month that the car would be purely electric, refuting local media claims of a potential hybrid model.
Nio’s full-year delivery target for 2024, derived from quarterly guidance, ranges from 218,000 to 227,000 deliveries. Per CNBC’s calculations, Nio has delivered a total of 190,832 cars year-to-date.
The company shared plans to double electric car deliveries next year in the earnings call, with a target of 20,000 Onvo cars per month by March 2025.
Li Auto, whose cars mostly come with a fuel tank to extend the battery’s driving range, delivered 48,740 cars in November, down 5.25% from October’s deliveries. As of end-November, the company delivered 441,995 cars out of its annual goal of 480,000.
The company previously aimed to deliver 800,000 cars for the full year, but cut its target in June.
Huawei-backed Aito did not disclose its November deliveries, but announced on Nov. 27 that it had delivered over 180,000 units of the M7.
And amid the intensifying price war in China, American automaker Tesla cut prices by 10,000 yuan for its Model Y through Dec. 31. With the discount, the Model Y now retails at 239,900 yuan.
![This electric excavator has battery swap tech that lets it recharge in minutes [update]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/04/electric-excavator.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
UPDATE: telematics announcement.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.
We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.
Telematics announcement at bauma
Earlier today, XCMG launched its next-generation Xrea Global Telematics Platform, integrating IoT, big data, cloud computing, and AI to enable what it’s caling, “seamless cross-border fleet management.”
The new telematics platform supports a dozen languages via PC and mobile interfaces, and offers real-time diagnostics, predictive maintenance, and data-driven optimization of both the vehicle and the vehicle’s batteries, empowering equipment managers and fleet operators to track fleets across town, or across time zones.
“XCMG remains committed to advancing engineering technology to empower a sustainable future. Our mission is to deliver efficient, intelligent, and eco-friendly lifecycle solutions for global clients,” said Mr. Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery. “Today, 19% of our product portfolio comprises green innovations under our ‘Green Mountain’ new energy line, with full electrification across all series underway.”
SOURCE | IMAGES: XCMG; via PR Newswire.
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![A vast 600 MW Texas solar farm just hit a major milestone [update]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/01/Hornet-Solar-Texas-2.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Renewable developer Vesper Energy has cut the ribbon on Hornet Solar in Swisher County, Texas, one of the largest single-phase solar farms in the US.
As Electrek reported in January, the 600-megawatt (MW) Hornet Solar includes over 1.36 million modules covering more than 6 square miles. The project will contribute more than $100 million in new tax revenue to Swisher County and deliver 600 MWac of energy–enough to power 160,000 homes annually.
January 30, 2025: “The seamless coordination between our team and our EPC partner, Blattner, has enabled us to remain ahead of schedule and on budget while ensuring quality throughout the process,” said Juan Suarez, co-CEO of Irving-based Vesper Energy.
Hornet Solar uses bifacial solar panels mounted on a single-axis tracking system to maximize efficiency. The solar farm is connected to Oncor Electric’s transmission system within ERCOT and is contracted to provide power to four off-take partners through individual Virtual Power Purchase Agreements (VPPAs).
The Hornet Solar project in the Texas Panhandle is on track to be fully online by spring 2025.
Texas is a utility-scale solar leader in the US, with a ranking of No. 2 and 37,713 MW currently installed. It’s projected to install 51,144 MW over the next five years and move into the No. 1 spot, according to the Solar Energy Industries Association (SEIA). The total solar investment in the state is $45.2 billion.
On January 21, the SEIA, Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and the Texas Solar + Storage Association (TSSA) reported that existing and expected utility-scale solar, wind, and battery storage projects will contribute over $20 billion in total tax revenue – and pay Texas landowners $29.5 billion – over the projects’ lifetimes.
Read more: Texas just became No 1 in the US for most utility-scale solar
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