Mei Ri Jing Ji Xin Wen·2025-11-04 13:20Core Insights - Multiple electric vehicle brands reported strong sales performance during the traditional sales peak in October, with significant year-on-year growth across the board [2][3][5]. Group 1: Company Performance - Leap Motor achieved a record delivery of 70,300 vehicles in October, marking an 84% year-on-year increase, and a total of 465,800 vehicles delivered from January to October [2]. - Xpeng Motors delivered 42,000 vehicles in October, a 76% year-on-year increase, with a total of 355,200 vehicles delivered in the first ten months, representing a 190% increase [2][3]. - NIO delivered 40,400 vehicles in October, a 92.6% year-on-year increase, with a focus on increasing production capacity to meet demand [3]. - Li Auto reported 31,800 vehicle deliveries in October, with a total cumulative delivery of 1,462,800 vehicles as of October 31, 2025 [4]. - Xiaomi Auto also surpassed 40,000 deliveries in October, facing challenges in production capacity and long delivery times for certain models [3]. Group 2: Market Trends - The overall retail market for passenger vehicles in October is expected to reach 2.2 million units, with electric vehicles projected to account for 1.32 million units, achieving a penetration rate of 60% [5]. - The current policy allows for a tax exemption on electric vehicles until 2025, with a planned reduction in the tax rate starting in 2026 [6]. - The market is expected to see continued growth driven by vehicle trade-in policies and the introduction of new models, with electric vehicle penetration anticipated to reach new highs [6].