Feng Huang Wang·2025-12-01 15:00Core Viewpoint - The new energy vehicle market is experiencing varied delivery performances among different manufacturers in November, with some companies showing growth while others face declines. The overall market sentiment is cautious due to tightening policies and consumer hesitation. Group 1: Delivery Performance - Leap Motor led the delivery numbers with 70,327 units in November, marking a 75.08% year-on-year increase and a slight 0.05% month-on-month growth, achieving its annual sales target of 500,000 units 45 days ahead of schedule [2][3] - Xiaopeng Motors delivered 36,728 units, reflecting an 18.88% year-on-year increase but a 12.58% month-on-month decline, marking its first monthly drop in six months [3][4] - NIO delivered 36,275 units, a 76.31% year-on-year increase, with its sub-brands showing significant growth, particularly the LeDao brand with a 132.07% increase [2][3] - Li Auto's deliveries were at 33,181 units, showing a 31.92% year-on-year decline, continuing a six-month trend of year-on-year decreases [4][5] Group 2: Future Projections and Strategies - Leap Motor aims to reach a sales target of 1 million units by 2026, supported by the launch of new models like the A10 and Lafa5, which cater to different market segments [3][4] - Xiaopeng Motors is expanding its overseas market presence, with a 95% year-on-year increase in overseas deliveries, and is optimistic about new models contributing to future growth [3][4] - NIO has set a quarterly delivery guidance of 120,000 to 125,000 units, needing to deliver over 43,000 units in December to meet this target [4] - Li Auto is focusing on enhancing its long-term competitiveness through organizational, product, and technological improvements, with a cautious delivery guidance of 100,000 to 110,000 units for the fourth quarter [5]