Chinese EV Startups Forecast Sales Growth in 2025
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Chinese electric vehicle (EV) startups have reported strong quarterly results, despite the global market slowdown, according to China Daily.
These manufacturers expect sales to grow in 2025 and plan further expansion into international markets.
In the third quarter of this year, Li Auto’s revenue exceeded $5.9 bln. Nio earned $2.5 bln, Xpeng $1.38 bln, and Leapmotor $1.36 bln.
Between July and September, Li Auto sold 152,800 electric vehicles, Leapmotor 86,200, Nio 61,900, and Xpeng 46,500.
Experts told China Daily that fierce competition among startups has spurred technological progress and market growth.
