Mei Ri Jing Ji Xin Wen·2025-12-01 13:52Core Insights - Multiple electric vehicle brands reported their November delivery figures, showcasing significant growth in the sector, particularly for Leap Motor, which achieved a record monthly sales figure [1][2]. Group 1: Company Performance - Leap Motor delivered 70,327 vehicles in November, marking a year-on-year increase of over 75% and achieving its annual sales target of 500,000 units 45 days ahead of schedule [1]. - Xiaomi Auto surpassed 40,000 deliveries for the third consecutive month, while XPeng Motors delivered 36,728 vehicles, reflecting a 19% year-on-year growth [2]. - NIO reported 36,275 deliveries, a 76.3% increase year-on-year, with expectations for accelerated production and delivery in December [3]. - Li Auto delivered 33,181 vehicles in November, with a cumulative total of approximately 1.496 million vehicles delivered to date [3]. - Zeekr and Lynk & Co combined delivered 63,902 vehicles, showing a 7.1% year-on-year increase [4]. - Lantu achieved a historic monthly sales record of 20,005 vehicles, while IM Motors delivered 13,577 vehicles, marking three consecutive months of over 10,000 deliveries [4]. Group 2: Market Trends - The overall passenger car retail market in November is expected to reach around 2.25 million units, with new energy vehicle sales projected at approximately 1.35 million units, indicating a penetration rate of about 60% [4]. - The domestic electric vehicle market is anticipated to experience a new consumption peak due to adjustments in vehicle purchase tax and the traditional year-end sales surge [4]. - A report from Zhongyuan Securities forecasts a moderate adjustment or stabilization in the total domestic passenger car market in 2026, driven by reduced purchase tax subsidies and elevated technical thresholds [5].