In October, BYD maintained its leadership in the Chinese new energy vehicle (NEV) market with 250,301 retail sales, capturing a 22.4% market share. Geely followed in second place with 131,708 units and an 11.8% share, while Leapmotor secured the third position with 83,573 units and a 7.5% share.
Xiaomi Auto demonstrated significant growth, climbing to sixth place with 50,123 units sold, representing a 4.5% market share. The company recorded the fastest month-on-month growth among the top 10 manufacturers. Meanwhile, Tesla and the Huawei-backed HIMA dropped out of the top 10 list for October.
Total NEV retail sales in China reached 1.109 million units in October, accounting for a record 67.5% of the broader passenger vehicle market. Despite the high penetration rate, overall NEV sales saw a 13.7% year-on-year decline, while the total passenger vehicle market reached 1.643 million units.
For the January-October period, BYD led the market with 1,945,400 units sold, followed by Geely with 1,045,823 units. Leapmotor achieved the fastest year-on-year growth among the top 10 during these ten months. Tesla's cumulative retail sales reached 389,905 units, placing the company in seventh position.
