Chinese EV makers post record sales during Tesla’s absence from Shanghai auto show
Leapmotor recorded its best-ever one day sales on Monday; Geely Auto saw unprecedented buying spree during ‘golden week’ holiday
Leapmotor and Geely Auto reported brisk sales following the end of China’s biggest auto trade show, taking advantage of Tesla’s absence and sales inertia during the Labour Day holiday, as domestic electric vehicle (EV) makers strengthened their presence against foreign rivals.
The bumper sales followed a 174 per cent jump in deliveries last month from a year earlier. Leapmotor handed over 41,039 units to buyers in April. Its total deliveries last quarter topped 128,591 units, up 166 per cent from a year earlier.
“The auto show in Shanghai inspired thousands of buyers in making their purchase decisions on their favourite models,” said Zhao Zhen, a sales director at Shanghai-based dealer Wan Zhuo Auto. “Home-grown brands also took advantage of Tesla’s no-show at the event to increase their market share.”
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Global carmakers cede world’s largest auto show to Chinese EVs
The 10-day Auto Shanghai trade show attracted more than 70 carmakers from 26 countries and regions and drew more than 1 million visitors, the organisers said, with 163 new car models making their global premiere.