China’s leading smart EV makers kicked off 2026 with solid momentum, underscoring continued demand at home and growing ambitions abroad.
XPeng reported February 2026 deliveries of 15,256 vehicles, maintaining steady volume as it expands its international footprint.
A key highlight was the start of global deliveries of the new XPENG P7+, with the first shipment heading to 18 countries. The P7+ is positioned as a tech-forward, spacious EV tailored for young families, reinforcing XPeng’s push to blend AI-driven features with everyday usability.
The company will further showcase its next-generation innovation at a March 2, 2026 media event in Guangzhou, where it plans to unveil its 2nd Gen VLA ahead of an official rollout later in March. The new platform is expected to strengthen XPeng’s intelligent driving and in-car AI capabilities—areas that remain central to its long-term strategy.
NIO posted an even stronger February performance, delivering 20,797 vehicles, representing a 57.6% year-over-year increase.
Breaking down the figures:
– 15,159 vehicles from its premium smart EV brand NIO
– 2,981 vehicles from family-oriented brand ONVO
– 2,657 vehicles from small high-end EV brand FIREFLY
As of February 28, 2026, cumulative deliveries reached an impressive 1,045,571 vehicles, reinforcing NIO’s scale in the global smart EV market.
Beyond vehicle sales, NIO achieved a major infrastructure milestone. On February 6, 2026, the company completed its 100 millionth cumulative battery swap, validating its battery swapping model at massive scale. During the Chinese New Year holiday, daily swap volumes hit record highs for five consecutive days—evidence of strong user adoption and reliance.
NIO’s extensive battery swapping and charging network continues to differentiate the brand, offering drivers a seamless and worry-free ownership experience in China.
Meanwhile, Li Auto delivered 26,421 vehicles in February 2026. As of February 28, 2026, Li Auto’s cumulative deliveries reached 1,594,304.
Li Auto officially rolled out OTA update version 8.3 ahead of the Chinese Spring Festival, featuring comprehensive upgrades in three key areas: VLA Driver large model, smart cockpit and smart electric functionality. During the Spring Festival travel peak, the company provided users with a stable and convenient energy replenishment experience through its nationwide network of more than 4,000 super charging stations.
From February 14 to February 23, 2026, the company powered over 1.45 million charging sessions, with total charging volume exceeding 42 million kWh. The Company plans to launch the all-new Li L9 in the second quarter.
As of February 28, 2026, Li Auto had 539 retail stores in 160 cities, 548 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The company also had 4,054 super charging stations in operation equipped with 22,447 charging stalls in China.
