In November, China's EV market was mostly up, with Li Auto and Nio being exceptions. Xpeng grew by about 30%, Geely by 13%, Xiaomi by 6%, and BYD remained nearly flat, with a 0.7% rise compared with October.
This is the second consecutive month of sales decrease for the Nio brand. Onvo grew about 20%, and it needs to grow about 100% MoM to reach the President's target of 10k deliveries in December.