Xpeng and Leapmotor Achieve Over 60% of Annual Target From January to August

As of September 2, based on the sales figures released by various automakers, an organization compiled the cumulative sales and annual target completion rates of emerging car companies from January to August this year. Among them, XPeng has the highest completion rate at 77.6%, while Leapmotor has the highest cumulative sales, reaching 329,000 units.

Xpeng Motors

According to CNMO, there are only four emerging brands with a completion rate of 60%.

Leapmotor: 329,000 vehicles, target of 500,000 vehicles, completion rate of 65.8%.

XPeng Motors: 272,000 vehicles, target 350,000 vehicles, completion rate 77.6%

　　 Car: 210,000 units, target 350,000 units, completion rate 60.0%

WEY: 53,000 vehicles, target 80,000 to 100,000 vehicles, completion rate 65.7%

In August, Leapmotor's new car deliveries reached 57,000 units, marking the second consecutive month with monthly deliveries exceeding 50,000 units. XPeng Motors also set a new record in August with deliveries reaching 38,000 units, representing a year-on-year increase of 168.7%. In August, Xiaomi Auto delivered over 30,000 vehicles across all models, marking two consecutive months of exceeding the 30,000 mark. In the next four months, Xiaomi needs to deliver 35,000 vehicles each month to meet its target. WEY's sales in August were 8,000 units. Based on the minimum target, the annual goal completion rate stands at 65.7%.

Additionally, CNMO noted that HarmonyOS Smart Driving sales in August reached 48,000 units. Among them, the AITO brand delivered 40,000 units, accounting for 90% of the total sales. Currently, the cumulative sales of HarmonyOS Smart Driving are approximately 291,000 units, making the annual target of 1 million units somewhat ambitious. Li Auto delivered 29,000 new vehicles in August. In the next four months, Li Auto will need to deliver at least 94,000 vehicles per month to meet the annual target, which is a considerable challenge.