Cai Jing Wang·2025-08-01 14:36Core Insights - The new energy vehicle market in July saw significant growth, with several companies reporting impressive delivery numbers, particularly Leap Motor, which topped the delivery chart for the first time with over 50,000 units sold [1][3]. Delivery Performance - Leap Motor achieved a delivery of 50,129 units in July, marking a year-on-year increase of over 126% [1][2][3]. - Hongmeng Zhixing maintained a strong position with total sales of 47,752 units, reflecting a year-on-year growth of 8.3% [2][6]. - Xiaopeng Motors delivered 36,717 units, a remarkable year-on-year increase of 229% [1][2][6]. - Li Auto's deliveries fell to 30,731 units, showing a decline of approximately 40% year-on-year [1][7][8]. - Xiaomi reported over 30,000 units delivered, but specific figures were not disclosed [1][2]. - Deep Blue delivered 27,169 units, achieving a year-on-year growth of 62% [1][2]. - NIO's deliveries were around 21,017 units, with a modest year-on-year increase of 2.53% [1][2][11]. Market Dynamics - The growth in the car market in July was primarily driven by policies encouraging vehicle trade-ins and scrappage [2]. - Despite a strong market performance, there are concerns about potential demand exhaustion due to previous high sales in June [2]. Product Launches and Innovations - Leap Motor's success is attributed to new product launches, including the C11 and B01 models, which were introduced in July [3][6]. - Xiaopeng Motors also launched new models, including the G7 and the upcoming P7, contributing to its record delivery numbers [6]. Competitive Landscape - The competitive landscape is shifting, with traditional leaders like NIO experiencing a decline in their market position, now falling to the third tier [11][15]. - The launch of the L90 model by NIO is expected to improve its sales performance, as it has already generated significant interest [15][16].