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font-style: italic; color: grey; line-height: 23px; } .tt-post { border: 0px solid #489bd4 !important; -webkit-box-shadow: 0 0px 0 0 #eaeaea !important; -moz-box-shadow: 0 0px 0 0 #eaeaea !important; box-shadow: 0 0px 0 0 #eaeaea !important; } @media only screen and (min-width: 769px) { .relatedsingle{ height: 396px; } .h1, .h2, .h3, h1, h2, h3, .tt-title-text{ margin-top: 0px !important; margin-bottom: 0px !important; } } #fkgUBk { display: none; } </style> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:description" content="Hybrid vehicles drove the sales surge at top Chinese EV brands, in keeping with larger global car-buying trends" /> <meta name="twitter:title" content="BYD, Li Auto, XPeng Sell Record Numbers of EVs in September" /> <meta name="twitter:site" content="@ATFinancial_" /> <meta name="twitter:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/07/rei-copy-3.jpg" /><script type="application/ld+json">{ "@context": "http:\/\/schema.org", "@type": "newsarticle", "inLanguage": "en", "url": "https:\/\/www.asiafinancial.com", "articleBody": " \r\n\r\nFive out of China\u2019s six biggest electric vehicle-makers posted record sales for the month of September as a range of discounts and promotions helped reignite demand on the mainland.\r\n\r\nBYD led the pack with a nearly 46% growth in year-on year sales of new electric vehicles (NEVs). NEVs\u00a0include\u00a0all-electric and plug-in hybrid sales.\r\n\r\nThe carmaker \u2014 which is racing to take over Tesla as the world\u2019s biggest seller of electric vehicles \u2014 saw a bumper month, selling 419,426 NEVs, according to <strong><a href="https:\/\/cnevpost.com\/2024\/10\/01\/byd-sales-sept-2024\/" target="_blank" rel="noopener">data from CnEVPost<\/a><\/strong>.\r\n\r\n \r\n<h3>Also on AF: <a href="https:\/\/www.asiafinancial.com\/china-overseas-green-investment-surges-in-bid-to-dodge-tariffs" target="_blank" rel="noopener">China Overseas Green Investment Surges in Bid to Dodge Tariffs<\/a><\/h3>\r\n \r\n\r\nHong Kong-listed shares of BYD were up nearly 6% on Wednesday. The company\u2019s US-listed American depositary receipts (ADRs) were up 5% on Tuesday and another 2% on Wednesday.\r\n\r\nThis was the first time the carmaker topped the 400,000 mark in monthly sales, while also shipping more than 1 million vehicles in a single quarter.\r\n\r\nOf BYD\u2019s shipments in September, sales of battery-electric vehicles stood at\u00a0164,956 units and those of plug-in hybrids stood at 252,647 units. BYD\u2019s hybrid vehicle sales, meanwhile, were up more than 86% year-on year, in keeping with the larger trend in global auto markets.\r\n\r\nHybrids have emerged as a more acceptable solution for car buyers who want to switch to more sustainable transportation, but may not be ready to make the leap to a full electric vehicle.\r\n\r\nAnalysts say the trend towards hybrids is expected to persist until pure EVs can compete on price with petrol cars worldwide, batteries offer longer driving ranges, and more charging stations are rolled out.\r\n\r\n \r\n<h2>Hybrid-makers on top<\/h2>\r\nThat trend has also meant that Chinese brands with strong hybrid line-ups \u2014 like BYD, Li Auto and Stellantis-backed Leapmotor \u2014 are emerging as winners on the mainland.\r\n\r\nLike BYD, Li Auto also saw a month of bumper sales. The carmaker shipped a record 53,709 vehicles in September \u2014 up 48.94 percent year-on-year. The carmaker is the most popular extended-range (EREV) hybrid seller in China.\r\n\r\nLi Auto's Hong Kong-listed shares jumped a whopping 12% on Wednesday. The company's ADRs in the US were also up nearly 12% on Tuesday and jumped another 4% as trade opened on Wednesday.\r\n\r\nMeanwhile, Leapmotor delivered 33,767 NEVs in September, setting a sales record for a fourth consecutive month. That marked a 113.7% jump in year-on-year sales.\r\n\r\nBut hybrid vehicle brands were not the only ones to see a bumper month. Top makers of pure EVs \u2014 like Zeekr and Xpeng \u2014 managed to hit record sales as well.\r\n\r\nZeekr\u2019s deliveries were up nearly 77% year-on-year at 21,333 units, while Xpeng sold a record 21,352 electric vehicles \u2014 up 39.46% year-on-year. Both carmakers are also planning to ride the hybrid wave, with plans to launch their own EREV models next year.\r\n\r\nNio was the only major Chinese carmaker that missed hitting record deliveries, but still saw sales grow by more than 35%.\r\n\r\n \r\n<ul>\r\n \t<li>Vishakha Saxena<\/li>\r\n<\/ul>\r\n \r\n<h3>Also read:<\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/byd-promises-driving-range-of-over-2000km-with-new-hybrid-tech" target="_blank" rel="noopener">BYD Promises Driving Range of Over 2000km With New Hybrid Tech<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/super-fast-ev-battery-runs-for-200km-on-5min-charge-cep" target="_blank" rel="noopener">Super-Fast EV Battery Runs For 200km on 5min Charge \u2013 CEP<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/strong-global-ev-sales-in-august-despite-big-eu-slump" target="_blank" rel="noopener">Strong Global EV Sales in August Despite Big EU Slump<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/eu-open-to-ev-tariff-talks-with-china-even-after-friday-vote" target="_blank" rel="noopener">EU Open to EV Tariff Talks With China Even After Friday Vote<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/chinas-byd-planning-to-enter-canadian-ev-market" target="_blank" rel="noopener">China\u2019s BYD Planning to Enter Canadian EV Market<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/chinese-ev-invasion-forces-western-rivals-to-slash-costs" target="_blank" rel="noopener">Chinese EV \u2018Invasion\u2019 Forces Western Rivals to Slash Costs<\/a><\/h3>\r\n<h3 class="reports-big-head"><a href="https:\/\/www.asiafinancial.com\/china-ev-firms-can-destroy-rivals-without-trade-barriers-musk" target="_blank" rel="noopener">China EV Firms Can Destroy Rivals Without Trade Barriers: Musk<\/a><\/h3>\r\n<h3><strong><a href="https:\/\/www.asiafinancial.com\/us-auto-sector-faces-extinction-from-chinese-mexico-imports" target="_blank" rel="noopener">US Auto Sector \u2018Faces Extinction\u2019 From Chinese Mexico Imports<\/a><\/strong><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/stellantis-ceo-calls-china-ev-tariffs-a-trap-he-may-be-right" target="_blank" rel="noopener">Stellantis CEO Calls China EV Tariffs a \u2018Trap\u2019. He May Be Right<\/a><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/chinas-top-ev-maker-byd-targeting-huge-expansion-in-vietnam" target="_blank" rel="noopener">China\u2019s Top EV-Maker BYD Targeting Huge Expansion in Vietnam<\/a><\/h3>\r\n \r\n\r\n ", "articleSection": "Asia", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/www.asiafinancial.com\/byd-li-auto-xpeng-sell-record-numbers-of-evs-in-september" }, "headline": "BYD, Li Auto, XPeng Sell Record Numbers of EVs in September", "description": "Hybrid vehicles drove the sales surge at top Chinese EV brands, in keeping with larger global car-buying trends", "datePublished": "2024-10-02T13:49:47+00:00", "dateModified": "2024-10-22T16:51:16+00:00", "publisher": { "@type": "Organization", "name": "Asia Financial", "logo": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/themes\/atf\/images\/AF-logo-small.png", "width": "640", "height": "97" } }, "author": { "@type": "Person", "name": "Asia Financial" }, "image": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/uploads\/2024\/07\/rei-copy-3.jpg" } }</script> <script async src="https://www.googletagmanager.com/gtag/js?id=G-CNH68EHNDT"></script> <script> window.dataLayer = window.dataLayer || []; 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font-size: 12px; font-weight: 500; margin-top: 10px; color: #aaaaaa;"> EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand. Photo: Reuters </figcaption> </figure> </div> <div class="content"> <p> </p> <p>Five out of China’s six biggest electric vehicle-makers posted record sales for the month of September as a range of discounts and promotions helped reignite demand on the mainland.</p> <p>BYD led the pack with a nearly 46% growth in year-on year sales of new electric vehicles (NEVs). NEVs include all-electric and plug-in hybrid sales.</p> <p>The carmaker — which is racing to take over Tesla as the world’s biggest seller of electric vehicles — saw a bumper month, selling 419,426 NEVs, according to <strong><a href="https://cnevpost.com/2024/10/01/byd-sales-sept-2024/" target="_blank" rel="noopener">data from CnEVPost</a></strong>.</p> <p> </p> <h3>Also on AF: <a href="https://www.asiafinancial.com/china-overseas-green-investment-surges-in-bid-to-dodge-tariffs" target="_blank" rel="noopener">China Overseas Green Investment Surges in Bid to Dodge Tariffs</a></h3> <p> </p> <p>Hong Kong-listed shares of BYD were up nearly 6% on Wednesday. The company’s US-listed American depositary receipts (ADRs) were up 5% on Tuesday and another 2% on Wednesday.</p> <p>This was the first time the carmaker topped the 400,000 mark in monthly sales, while also shipping more than 1 million vehicles in a single quarter.</p> <p>Of BYD’s shipments in September, sales of battery-electric vehicles stood at 164,956 units and those of plug-in hybrids stood at 252,647 units. BYD’s hybrid vehicle sales, meanwhile, were up more than 86% year-on year, in keeping with the larger trend in global auto markets.</p> <p>Hybrids have emerged as a more acceptable solution for car buyers who want to switch to more sustainable transportation, but may not be ready to make the leap to a full electric vehicle.</p> <p>Analysts say the trend towards hybrids is expected to persist until pure EVs can compete on price with petrol cars worldwide, batteries offer longer driving ranges, and more charging stations are rolled out.</p> <p> </p> <h2>Hybrid-makers on top</h2> <p>That trend has also meant that Chinese brands with strong hybrid line-ups — like BYD, Li Auto and Stellantis-backed Leapmotor — are emerging as winners on the mainland.</p> <p>Like BYD, Li Auto also saw a month of bumper sales. The carmaker shipped a record 53,709 vehicles in September — up 48.94 percent year-on-year. The carmaker is the most popular extended-range (EREV) hybrid seller in China.</p> <p>Li Auto’s Hong Kong-listed shares jumped a whopping 12% on Wednesday. The company’s ADRs in the US were also up nearly 12% on Tuesday and jumped another 4% as trade opened on Wednesday.</p> <p>Meanwhile, Leapmotor delivered 33,767 NEVs in September, setting a sales record for a fourth consecutive month. That marked a 113.7% jump in year-on-year sales.</p> <p>But hybrid vehicle brands were not the only ones to see a bumper month. Top makers of pure EVs — like Zeekr and Xpeng — managed to hit record sales as well.</p> <p>Zeekr’s deliveries were up nearly 77% year-on-year at 21,333 units, while Xpeng sold a record 21,352 electric vehicles — up 39.46% year-on-year. Both carmakers are also planning to ride the hybrid wave, with plans to launch their own EREV models next year.</p> <p>Nio was the only major Chinese carmaker that missed hitting record deliveries, but still saw sales grow by more than 35%.</p> <p> </p> <ul> <li>Vishakha Saxena</li> </ul> <p> </p> <h3>Also read:</h3> <h3><a href="https://www.asiafinancial.com/byd-promises-driving-range-of-over-2000km-with-new-hybrid-tech" target="_blank" rel="noopener">BYD Promises Driving Range of Over 2000km With New Hybrid Tech</a></h3> <h3><a href="https://www.asiafinancial.com/super-fast-ev-battery-runs-for-200km-on-5min-charge-cep" target="_blank" rel="noopener">Super-Fast EV Battery Runs For 200km on 5min Charge – CEP</a></h3> <h3><a href="https://www.asiafinancial.com/strong-global-ev-sales-in-august-despite-big-eu-slump" target="_blank" rel="noopener">Strong Global EV Sales in August Despite Big EU Slump</a></h3> <h3><a href="https://www.asiafinancial.com/eu-open-to-ev-tariff-talks-with-china-even-after-friday-vote" target="_blank" rel="noopener">EU Open to EV Tariff Talks With China Even After Friday Vote</a></h3> <h3><a href="https://www.asiafinancial.com/chinas-byd-planning-to-enter-canadian-ev-market" target="_blank" rel="noopener">China’s BYD Planning to Enter Canadian EV Market</a></h3> <h3><a href="https://www.asiafinancial.com/chinese-ev-invasion-forces-western-rivals-to-slash-costs" target="_blank" rel="noopener">Chinese EV ‘Invasion’ Forces Western Rivals to Slash Costs</a></h3> <h3 class="reports-big-head"><a href="https://www.asiafinancial.com/china-ev-firms-can-destroy-rivals-without-trade-barriers-musk" target="_blank" rel="noopener">China EV Firms Can Destroy Rivals Without Trade Barriers: Musk</a></h3> <h3><strong><a href="https://www.asiafinancial.com/us-auto-sector-faces-extinction-from-chinese-mexico-imports" target="_blank" rel="noopener">US Auto Sector ‘Faces Extinction’ From Chinese Mexico Imports</a></strong></h3> <h3><a href="https://www.asiafinancial.com/stellantis-ceo-calls-china-ev-tariffs-a-trap-he-may-be-right" target="_blank" rel="noopener">Stellantis CEO Calls China EV Tariffs a ‘Trap’. He May Be Right</a></h3> <h3><a href="https://www.asiafinancial.com/chinas-top-ev-maker-byd-targeting-huge-expansion-in-vietnam" target="_blank" rel="noopener">China’s Top EV-Maker BYD Targeting Huge Expansion in Vietnam</a></h3> <p> </p> <p> </p> <div class="tags"> Tags: <a href="https://www.asiafinancial.com/tag/byd" rel="tag">BYD</a><a href="https://www.asiafinancial.com/tag/china-ev" rel="tag">China EV</a><a href="https://www.asiafinancial.com/tag/ev" rel="tag">EV</a><a href="https://www.asiafinancial.com/tag/ev-companies" rel="tag">EV Companies</a><a href="https://www.asiafinancial.com/tag/li-auto" rel="tag">LI Auto</a><a href="https://www.asiafinancial.com/tag/nio" rel="tag">NIO</a><a href="https://www.asiafinancial.com/tag/nio-stock" rel="tag">NIO Stock</a><a href="https://www.asiafinancial.com/tag/xpeng" rel="tag">Xpeng</a><a href="https://www.asiafinancial.com/tag/xpeng-stock" rel="tag">Xpeng Stock</a><a href="https://www.asiafinancial.com/tag/zeekr" rel="tag">Zeekr</a> </div> <div class="author-box"> <div class="profile_images"><img width="96" height="96" src="https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-96x96.jpg" class="avatar avatar-96 photo imgauthor" alt="" loading="lazy" srcset="https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-96x96.jpg 96w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-300x300.jpg 300w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-150x150.jpg 150w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-768x768.jpg 768w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-24x24.jpg 24w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-48x48.jpg 48w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4.jpg 1000w" sizes="100vw" /></div> <div class="author-content"> <h3><a href="https://www.asiafinancial.com/author/vishakha-saxenaasiafinancial-com">Vishakha Saxena </a></h3> <p style="font-size: 14px;"> Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. 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