BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
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Category: Sales Target
The latest target is up 50,000 units, or 16.67 percent, from Xiaomi EV's previous target of 300,000 units.
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BYD could become the "Toyota" of the global EV market, said JPMorgan.
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Xpeng delivered 190,068 vehicles in 2024, and doubling means it's targeting 2025 deliveries of about 380,000 units.
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BYD sub-brand Denza is targeting sales of more than 300,000 units in 2025, implying a 138 percent growth, according to a local media report.
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Xiaomi is building the second phase of its Beijing plant, and the combined capacity with the first phase of the plant is 300,000 units.
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The first model from the Nio battery swap alliance is doing winter testing, and the Firefly sub-brand will start selling in Europe next year.
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Nio expects the Onvo sub-brand to sell around 240,000 units for the full year in 2025, with the Firefly sub-brand selling around 5,000 units per month, according to local media.
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In the January-November period, Zeekr and Lynk & Co combined delivered 454,289 vehicles, up 51.60 percent year-on-year.
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Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.
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