2024 sales figures for all of China's major domestic automakers have been released, which overall appear to be flat across the board
Based on the data published, only Xiaomi, Ideal and Leapmotor achieved more than their annual sales targets, reflecting the high growth rate of China's automotive industry.
So according to China Automotive Digital Research Institute, the top performing sales percentages are as follows:
- Xiaomi Car: achievement of objectives by 103.9%
- Ideal Auto: achievement of objectives by 100.1%
- Leapmotor: achievement of objectives by 117.5%
The above results reinforce the ability of these companies to meet or exceed their expectations, despite the competitive and evolving landscape of the automotive market in China.
Other car manufacturers, such as Zeekr and Xiaopeng, they may not have achieved the goal they had set for 2024, but their sales were just as impressive:
- zeekr: achievement of objectives by 96.6%
- Xiaopeng: achievement of objectives by 95%
Manufacturers' aggressive targets for 2025
Automakers' aggressive sales targets in China for 2025 include:
- Leap motor: Increases her target to **500.000 vehicles
- Xiaomi Car: Set a goal to reach the 300.000 vehicles, double what it sold in 2024
- Lantu Auto: Has set the goal of selling 200.000 vehicles, increased from 2024
- Lifetime (Changan Automobile): From 90.000 units in 2024 is the sales target 220.000 units about 2025
All of the above figures show that car manufacturers in China have optimism and confidence for further growth, and are betting on the strong demand that exists for electric and smart vehicles within China's borders, but also in the global market.
2025 is shaping up to be another year of transformation in China, led by the Xiaomi, Ideal and Leapmotor, as they are the manufacturers distinguished for the highest pace of innovation, aggressive pricing, and the widest consumer acceptance of emerging automotive technologies.
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