The latest performance report of new energy vehicle listed companies is out, with new car-making forces all showing month-on-month sales growth.

On April 1, a group of China’s publicly listed companies in the new energy vehicle industry released their March 2026 new car sales figures in concentrated fashion. Among them, new car-making startups such as Nio (NIO), XPeng (XPeng Group), and Li Auto (Li Auto), as well as Leapmotor, achieved sales growth to different degrees on a month-over-month basis; BYD’s sales declined year over year but maintained growth on a month-over-month basis; Xiaomi Group’s new car deliveries broke 20,000 units; and Seres, which is partnered with Huawei, as well as Lantu Motors, which was just listed on the Hong Kong Stock Exchange, both saw their sales grow year over year.

Cui Dongshu, secretary-general of the China Automobile Circulation Association’s CAAM New Energy Vehicle Passenger Association, analyzed recently that from March to June 2025, the domestic auto market’s year-over-year growth rate exceeded 15%; a high base has made the pressure to achieve year-over-year growth for the domestic auto market in the first half of 2026 relatively larger.

April 1, major listed China new energy vehicle companies released March new car sales data

Sales of new car-making startups all achieved month-over-month growth

On April 1, according to Nio’s announcement, in March 2026, Nio delivered 35,486 new vehicles, up 136.0% year over year and up 70.6% month over month. Of these, deliveries of vehicles under the Nio brand were 22,490, up 120.1% year over year and up 48.4% month over month; deliveries under the LeDao (Firefly) brand were 6,877, up 42.7% year over year and up 130.7% month over month; deliveries under the firefly brand were 6,119, up 130.3% month over month.

Li Auto disclosed that its March delivery volume was 41,053 vehicles, up 11.94% year over year and up 55.38% month over month. Li Auto’s president, Ma Donghui, said in a recent earnings call that, in response to the impact of rising component prices, Li Auto will strengthen coordination with supply partners and sign long-term LTA agreements with relevant suppliers to lock in prices or allocations in advance. The aim is to absorb the pressure from external price increases internally as much as possible, including self-developed range extenders and self-developed chips.

According to the announcement from XPeng Group, the company delivered 27,415 new vehicles in March, down 17.4% year over year and up 79.7% month over month. XPeng Auto recently announced on the Hong Kong Stock Exchange that, effective April 1, 2026, the company’s Chinese name will change from “XiaoPeng Auto Co., Ltd.” to “XPeng Group.” XPeng Group’s chairman He Xiaopeng recently said that XPeng Group plans to launch a passenger-carrying demonstration operation for Robotaxi (autonomous ride-hailing taxi) in the second half of 2026, to run through the verification of the technology, customers, and business models.

Leapmotor disclosed that in March it delivered 50,029 units for its entire lineup, up 35% year over year and up 78.25% month over month. On April 1, Leapmotor released a voluntary announcement stating that the company’s founder, chairman and CEO Zhu Jiangming, and shareholder Fu Liquan recently increased their holdings in the company’s shares again, with an average price of approximately HK$45.10. The amount of this share increase was approximately HK$230 million. As of now, the cumulative amount of share increases by Leapmotor’s single largest shareholder group is nearly HK$1.2 billion.

Seres’ sales grew 20.74% year over year

BYD’s sales grew 57.8% month over month

On the evening of April 1, BYD announced that the company sold 300,222 new vehicles in March 2026. Of these, overseas sales of passenger cars and pickups were 119,591 units, and cumulative sales of new energy vehicles exceeded 15.8 million. According to public data, BYD’s March sales fell 20% year over year but rose 57.8% month over month; cumulative sales for January to March fell 30.01% year over year.

On the evening of April 1, BYD released a March sales poster, including data for brand series such as its Dynasty, Ocean, and Avatr brands

Xiaomi Group announced that in March, Xiaomi Auto delivered over 20,000 units. Since the new generation Xiaomi SU7 began deliveries on March 23, cumulative deliveries have exceeded 7,000 units. According to prior announcements, Xiaomi Auto’s January deliveries exceeded 39,000 units and its February deliveries exceeded 20,000 units; Xiaomi Group has not published specific sales data.

On April 1, Lantu Motors released its latest sales data. The company delivered 15,019 units in March, up 50% year over year and up 80% month over month; cumulative deliveries for January to March were 33,892 units, up 30% year over year. On March 19, Lantu Motors was listed on the main board of the Hong Kong Stock Exchange in an introduction listing. Lu Fang, chairman of Lantu Motors and secretary of the Party committee, said, “Lantu Motors’ March sales showed steady growth. In its first month after listing in Hong Kong, it delivered a high-quality answer—an acknowledgment from the market of Lantu’s long-termist development path.”

On April 1, Seres released its March production and sales quick report. The data show that in March, Seres’ new energy vehicle sales were 22,706 units, up 20.74% year over year; cumulative sales for January to March reached 78,500 units, up 43.9%. Since 2026, Seres and Huawei’s partnership for the AITO series has accelerated product iteration. On March 23, the AITO M6 opened reservations, and within 24 hours, orders surpassed 60,000.

On the evening of April 1, the March sales poster released by Seres

(Source: Shanghai Securities News)