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Here’s what you need to know about China in the past 24 hours

Several Chinese new-energy vehicle (NEV) manufacturers have reported record-breaking deliveries for the first half of 2025, underscoring the sector's continued growth momentum despite intensifying competition.

BYD, China’s largest NEV maker, delivered 382,585 vehicles globally in June, which marked a new high for the year and represented a 10.5 percent increase year-over-year. Exports surged to 90,049 vehicles, more than tripling from June 2024 and marking the seventh consecutive month of record overseas sales.

In the first half of 2025, BYD sold over 2.1 million passenger cars, up 31.5 percent from the prior year.

XPeng delivered 34,611 vehicles in June, up 224 percent year-on-year. The company delivered a total of 103,181 vehicles in the second quarter, setting a new quarterly record. In the first half, XPeng's cumulative deliveries reached 197,189 units, surpassing its full-year total for 2024.

Zeekr sold 43,000 vehicles in June, bringing total sales in the first half to 244,877 units, which is a jump of 14.5 percent from a year earlier. The Geely-backed premium NEV brand has forayed into over 60 international markets, with more than 1,200 stores across the world, serving nearly 2 million customers.

Leapmotor, a Chinese NEV start-up, reported deliveries of 48,000 vehicles in June, a new monthly record and a year-on-year increase of more than 138 percent. Its total deliveries for the first half reached 221,700 units, thanks to the company's ongoing overseas expansion efforts.

Xiaomi Auto, the EV arm of the consumer electronics giant, reported deliveries of more than 25,000 vehicles in June, just days after debuting its second model - the YU7, an all-electric SUV that bagged 240,000 orders in the first 18 hours of pre-orders on June 26.

Nio said its June deliveries rose 17.5 percent year-on-year to 24,925 vehicles, bringing cumulative deliveries in the first half to 785,714 units.

Dongfeng Motor's high-end smart EV brand Voyah also posted solid results, delivering 10,053 units last month, up 83 percent from a year earlier.

While Li Auto's shipments plunged 24 percent in June from a year earlier to 36,279 vehicles. The firm delivered 111,074 autos in the second quarter, bringing its first-half deliveries to 1.3 million units.

Although overall growth in new vehicle sales is slowing, the NEV penetration rate in China is expected to rise further, driven by government-backed consumer incentives, technological innovation, and improving brand perception, industry analysts noted.

According to the China Association of Automobile Manufacturers, NEV production and sales in China both jumped more than 30 percent year-on-year in May, with the monthly penetration rate reaching a record high of 48.7 percent.

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