On February 1, 2026, a slew of new energy vehicle (NEV) companies unveiled their sales figures for January, revealing a landscape marked by year-on-year growth for many, yet a concurrent month-on-month downturn. According to the China Passenger Car Association, January—being the final full sales month preceding the Spring Festival—boasted more working days than the corresponding period the previous year, setting the stage for a modest year-on-year uptick in the market.

BYD reported the sale of 210,051 NEVs in January, marking a 30.11% year-on-year decrease. In contrast, Xiaomi delivered over 39,000 vehicles, showcasing its burgeoning presence in the market. Leapmotor, though, saw its delivery figures slip to 32,059 vehicles, albeit with a 27% year-on-year increase. NIO emerged as a strong performer, delivering 27,182 vehicles, a staggering 96.1% year-on-year surge. Li Auto, however, experienced a 7.5% year-on-year decline, with 27,668 vehicles delivered. Seres impressed with a 104.85% year-on-year spike, selling 45,900 vehicles. Meanwhile, Harmony Intelligent Mobility stole the spotlight, delivering 57,915 units, a robust 65.6% year-on-year increase.