Le Chinese electric cars They don't stop running. As internal competition turns into a veritable Darwinian selection, new players emerge and global giants must reinvent themselves to keep pace. Xiaomi, after conquering the domestic market with its SU7 sedan, has announced that it will start selling electric vehicles in Europe from 2027. Leap motor – Stellantis’ Chinese partner – surprises with its first profit in its history. Xpeng accelerates on record revenues and growing deliveries, as Tesla attempts to relaunch in an increasingly competitive market.
Xiaomi: From the Boom in China to the Landing in Europe
Launched in March 2024, the SU7 It has become a phenomenon in China: over 135.000 units sold in less than a year and a warm welcome even among Western executives. Jim FarleyFord CEO said he would not return the tested model for six months, calling Xiaomi a “giant in the industry.”
Success did not stop at SU7: in June 2025 the company presented the SUV YU7, a rival to the Tesla Model Y, with a price tag around 35 thousand dollars, collecting over 240 thousand pre-orders in 24 hours.
The company's financial statements also confirm its growth: in the second quarter of 2025, Xiaomi posted record revenue of RMB 116 billion (approximately €13,8 billion), up 30,5% year-over-year. Adjusted net profit reached RMB 10,8 billion (approximately €1,3 billion), up 75,4% year-over-year. The smart electric vehicle segment generated revenue of RMB 21,3 billion, offsetting the decline in smartphone demand and contributing to the shipment of over 81 vehicles in just a few months.
Now Xiaomi looks to theEurope as the first foreign market, facing the challenges of tariffs, regulations and fierce competition.
Leapmotor Surprises with First Profit: Stellantis Bet Pays Off
Leap motor It is the real surprise of the Chinese electric race. From an undervalued start-up to a strategic partner of Stellantis, the brand closed the last quarter with the first operating profit in its history: 33 million yuan (4,6 million dollars), after the huge losses in 2024.
Le sales are running: 221.664 deliveries in the first half of 2025 (+156% year-on-year) and over 50 cars registered in a single month, a record among emerging brands. Strengthened by these results, Leapmotor has revised targets on the rise for the year: it is now aiming for 500 registrations (compared to 290 in 2024), a target that should guarantee it an annual operating profit for the first time.
Le exports have already reached 20.375 units and in Germany the electricity market share has exceeded 1%. new B10 sedan, expected at the Monaco Motor Show in September, will be the test bed for Europe.
La Bag meanwhile he applauds: the title In Hong Kong, it has tripled in twelve months (+133,6% since the beginning of the year). Investors are won over by its highly integrated business model: 70% of components are produced in-house, with aggressive pricing and growing margins.
The partnership signed at the end of 2023 with Leapmotor, which saw former Stellantis CEO Carlos Tavares acquire a 21% stake for approximately 1,5 billion euros, is proving to be a winning bet.
XPeng Accelerates AI: Record Revenue and Forecast
XPeng, the Chinese electric vehicle (EV) manufacturer, confirms its position as one of the most dynamic players in China's electric vehicle race. In the second quarter of 2025, the company posted revenues of 18,27 billion yuan (approximately 2,4 billion euros, +125% year-on-year) and shipments jumped 242% to over 103 units. Gross margin reached an all-time high of 17,3%, while losses halved, marking a significant improvement in operating leverage. question for its vehicles is supported by both incentives governmentboth from the wide range of models, and XPeng expects to double revenue in the third quarter.
The company is also working to the integration of artificial intelligence in autonomous driving systems and new technological partnerships with other manufacturers. Among the most anticipated innovations is the Turing chip, designed in-house to optimize vehicle performance and potentially revolutionize the company's intelligent driving ambitions.
Tesla seeks relaunch with the new Model YL
Amid fierce competition, Tesla is targeting families to relaunch its business in China. Elon Musk has revealed the new Model YL, elongated version and six-seater SUV The American manufacturer's best-selling model. Starting price: 339 yuan (about $47.200), in line with local rivals.
With a range of 751 km (12 miles), the Model YL is on par with the highest-performance versions in the current lineup. Deliveries will begin in September. The U.S. automaker aims to reverse the XNUMX% sales decline in China in July, driven by competition from domestic brands.
