Chinese EV makers report increased deliveries despite tariffs

gulfnews.com

Xiaomi, Geely, NIO, and Xpeng have shown resilience in China's electric vehicle sector, despite a stagnant economy and tariffs. All four companies reported increased vehicle deliveries in 2024, with a 46% rise in EV exports in early 2025. Retail car sales in China rose 26% in February, with new energy vehicle sales jumping 85%. Executives proposed ambitious policies at the National People’s Congress to strengthen China's global position in transportation, including AI-controlled vehicles and flying cars. Xiaomi's revenue likely surged 43% in the fourth quarter, driven by smartphone and EV sales. Xpeng's vehicle deliveries nearly doubled, while Geely plans to expand into new markets. NIO's sales rose 45%, but a price war may limit revenue growth.


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