EV Startups October Deliveries: XPeng and Xiaomi Each Surpass 50K Units, Li Auto at 29K
nashnova research
XPeng and Xiaomi both crossed 50,000 deliveries in October while Li Auto delivered about 29,000 units; XPeng's overseas share now exceeds 26%, and whether that pace holds will test its global strategy.
XPeng past 50,000 — where did the growth come from?
October deliveries hit 50,237 units, up 22% month-on-month and 20% year-on-year — a single-month record.
Overseas deliveries reached 13,326 units, up 166% year-on-year, also a new overseas monthly record.
This means → overseas now accounts for over 26% of XPeng's volume, signaling a strategic pivot from domestic price wars to international growth.
Xiaomi also topped 50,000 — but is the data enough?
October deliveries exceeded 50,000 units; the company disclosed no month-on-month or year-on-year figures.
In plain terms = we got a round-number milestone with no growth rates — not enough to tell whether momentum is accelerating or plateauing.
Compared with XPeng's full disclosure, Xiaomi's data transparency still lags.
Li Auto at 29,000 — is the premium MPV holding up?
October deliveries came in at 29,025 units; cumulative deliveries reached 1.863 million.
The new-generation Li MEGA delivered over 3,000 units, ranking first among MPVs priced above ¥500,000 for the second straight month.
This means → Li Auto's total volume trails XPeng and Xiaomi, but MEGA has secured a foothold in the premium MPV niche.
Deepal and MG — how is the second tier doing?
Deepal (深蓝) posted 32,602 units globally in October, up 8.01% month-on-month.
SAIC's MG brand sold over 85,000 new-energy vehicles globally, including over 31,000 in China.
This reflects steady volume growth in the second tier, though the gap with the leaders shows mainly in growth rates and market buzz.
What to watch next?
XPeng's overseas share tops 26%; whether the 166% year-on-year overseas growth rate holds in coming months is the key test of its internationalization strategy.
Xiaomi needs to release growth-rate data — without it, "50,000" is a psychological marker, not a basis for trend analysis.
In plain terms = the leading EV start-ups are all clustered around the 50,000-a-month line; the next differentiator is who can demonstrate quality of growth, not just quantity.
市场有风险，内容仅供研究参考，不构成投资建议。