Xiaomi surpasses AITO again, Li Auto returns to the top two among new car - making forces, and monthly sales of the top 10 automakers all decline.
The sales of 3 car companies have been "halved"! The sales reports of 10 domestic car companies in February are out.
According to a report from Che Dongxi on March 1st, just now, 10 car companies announced their sales results for February 2026. Although the sales of each company declined to varying degrees, there were still a few "dark horses".
In terms of new - energy vehicle startups, based on the current available data, there are 4 new - energy vehicle startups with monthly sales exceeding 20,000 units. They are Leapmotor, Li Auto, NIO Group, and Xiaomi, with deliveries of 28,100 units, 26,400 units, 20,800 units, and over 20,000 units respectively. All of them showed a month - on - month decline, and Xiaomi's delivery volume in February was almost "halved" compared to the previous month.
Compared with the same period last year, the delivery volumes of Leapmotor, Li Auto, and NIO Group in February this year showed significant growth. NIO Group's year - on - year growth was nearly 60%.
In addition, XPeng's delivery volume in February was "halved" year - on - year, with only 15,300 units delivered.
As of the time of publication, Hongmeng Zhixing has not announced its February delivery data. The delivery volume of Wenjie from January to February this year exceeded 58,000 units. After subtracting the 40,000 units delivered in January this year, Wenjie's delivery volume in February this year was approximately 18,000 units, being overtaken by Xiaomi, and also "halved" month - on - month.
Among the top three private car companies, BYD's sales volume in February was 190,200 vehicles, a year - on - year decline of 40%. However, it is worth noting that in that month, BYD's export sales exceeded 100,000 vehicles. This may be the first time in BYD's history that its export sales exceeded domestic sales.
Geely's sales volume in February reached 206,200 vehicles, a year - on - year increase of 1% and a month - on - month decline of 24%. Great Wall Motor sold a total of 72,600 new vehicles in February 2026, a year - on - year decline of 7% and a month - on - month decline of 20%.
How to reverse the current situation tests the subsequent efforts of each company.
▲Sales of some domestic car companies in February 2026
01.
Li Auto returns to the top two in monthly sales among new - energy vehicle startups
NIO Group intensifies promotions across all brands
The monthly sales reports of 7 new - energy vehicle startups are out.
Among them, Leapmotor delivered 28,100 units in February, a year - on - year increase of 11%. Compared with the 32,100 units delivered in January, the month - on - month decline was 12%.
Although Leapmotor's delivery volume in February seems to have declined compared with January this year, it sold about 2,800 more vehicles than the same period last year. In fact, its performance still ranks among the top echelon of new - energy vehicle startups.
▲Leapmotor's delivery volume in February 2026
However, it is worth noting that Leapmotor's sales target for this year is 1 million units. In the first two months of this year, Leapmotor's cumulative sales have just exceeded 60,000 units. Leapmotor may face great sales pressure in the remaining time of this year.
There are reports that Leapmotor may launch 4 new models this year, namely A10, A05, D19, and D99. Among them, the A - series are volume - driving models, and the D - series target the high - end market above 300,000 yuan.
▲Leapmotor D99
Among them, Leapmotor D19 is called the "half - price Li L9" by netizens and is planned to be launched in April 2026. Coupled with the facelifts of the B and C - series models, multiple models are expected to boost Leapmotor's sales to a new high.
Li Auto delivered 26,400 units in February. The figure was 26,300 units in the same period last year, with little year - on - year change and a 5% month - on - month decline. The overall sales performance was relatively stable, ranking second in the delivery volume of new - energy vehicle startups in February.
▲Li Auto's delivery volume in February 2026
In November 2025, LatePost reported that the i6 quickly locked in 80,000 orders. Considering the February sales, the reserved orders of the i6 and the stable delivery after the factory's production capacity ramps up may help Li Auto offset some seasonal fluctuations.
However, it is worth noting that since the beginning of this year, Li Auto has undergone a large - scale adjustment of its organizational structure, which also reflects that Li Auto still faces great pressure this year.
NIO Group delivered 20,800 new vehicles in February, a year - on - year increase of 58%. This growth rate is quite remarkable. Among them, the delivery volume of the NIO brand reached 15,200 units.
▲NIO's delivery volume in February 2026
The significant year - on - year growth of NIO Group's sales in February is mainly due to the popularity of the NIO ES8. This model delivered 11,300 units in February, accounting for 54% of the total sales. As of February 27th, the cumulative delivery of the NIO ES8 exceeded 70,000 units within 160 days.
▲The new NIO ES8
Moreover, the growth of NIO Group's sales may be driven by the limited - time financial plan launched in February. In that month, NIO followed up with a 7 - year low - interest car - purchase policy, with an annualized interest rate as low as 0.49%.
▲NIO brand launched a limited - time financial plan in February
However, the sales of LeDao and Firefly couldn't hide their decline. LeDao delivered 2,981 units in February, a year - on - year decline of 26% and a month - on - month decline of 14%. Firefly delivered 2,657 units in February, a month - on - month decline of 5%.
In order to further boost sales, NIO Group officially announced today that the LeDao brand will add a policy of fully covering the purchase tax, with a maximum subsidy of 10,262 yuan for the whole series, and will also add a limited - time car - purchase gift for the Firefly brand in March.
▲NIO Group launched a promotion plan in March
Although Xiaomi Auto still hasn't released an accurate figure, its delivery volume in February also exceeded 20,000 units, a decline compared with over 39,000 units in January this year. Lei Jun explained that most of the sales in that month were contributed by the Xiaomi YU7.
▲Xiaomi Auto's delivery volume in February 2026
It is reported that the last first - generation Xiaomi SU7 rolled off the production line on February 10th, and the first - generation Xiaomi SU7 has officially stopped production.
▲Lei Jun's response to Xiaomi Auto's sales in February 2026
That is to say, Xiaomi Auto basically relied on the YU7 in the whole of February and achieved a delivery volume of over 20,000 units, which is still a good performance.
Xiaomi Auto's factory is preparing for the launch of the new - generation SU7. The new - generation Xiaomi SU7 has previously opened small - order reservations, with a pre - sale price of 229,900 - 309,900 yuan, and is expected to be launched in April 2026.
▲The scene of Xiaomi Auto's exhibition stand
According to previous public reports, Xiaomi may launch 3 extended - range models in the second half of this year, and two other models (possibly including the extended - version of the Xiaomi SU7) may be launched within this year. Multiple new models are expected to help Xiaomi strive for the annual sales target of 550,000 units.
XPeng delivered 15,300 vehicles in February 2026, a year - on - year decline of 50% and a month - on - month decline of 24%. Multiple main models of XPeng are undergoing updates and iterations, and it still takes time to convert sales into orders.
▲XPeng Auto's delivery volume in February 2026
VOYAH's delivery volume in February declined by 20% month - on - month, reaching 8,400 units. Compared with the same period last year, it increased by 5%, also affected by multiple external factors.
▲VOYAH Auto's delivery volume from January to February 2026
According to the plan, VOYAH will also introduce 4 models this year, including the VOYAH Taishan Ultra, VOYAH Taishan X8, a new FUV codenamed "FE", and a 500,000