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Xpeng and Nio Surge, Intensifying Tesla's China Competition

11/3/2025

48 8 Full Breakdown

Summary

Story summary

In October 2025, Xpeng Motors delivered 42,013 vehicles, its second month above 40,000, as it rolled out the Mona series at 119,800 yuan ($16,812).
Xpeng's gains intensify competition for Tesla, which has fluctuating sales in China.
Nio delivered 40,397 vehicles in October, a record, up 92.6% year-on-year.
Leapmotor and Harmony Intelligent Mobility Alliance reported increases, Li Auto declined, and 11 of 13 major automakers grew in October.

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Story summary

In October 2025, Xpeng Motors delivered 42,013 vehicles, its second month above 40,000, as it rolled out the Mona series at 119,800 yuan ($16,812).
Xpeng's gains intensify competition for Tesla, which has fluctuating sales in China.
Nio delivered 40,397 vehicles in October, a record, up 92.6% year-on-year.
Leapmotor and Harmony Intelligent Mobility Alliance reported increases, Li Auto declined, and 11 of 13 major automakers grew in October.