Li Auto is the leader of REEVs in China in Q1-2025
- A REEV, or Range Extender Electric Vehicle, is a type of hybrid that primarily drives using an electric motor and includes a small internal combustion engine (ICE) to recharge the battery when it is low. Unlike traditional hybrids, the ICE in REEVs does not directly power the wheels but acts solely as a generator, extending the electric driving range. REEVs can also plugged in directly to chargers in addition.
- China's REEV market has seen mixed growth in 2025. TotalREEVs production reached 224,359 units, a modest increase from 211,111 units in the same period in 2024 — about +6.3% year-over-year growth. While some carmakers experienced significant growth, others saw declining volumes, indicating a competitive and transitional phase in the segment as consumer preferences and government policies continue evolving.
- Lixiang Automotive (or Li Auto) remains the dominant REEV producer with 103,096 units YTD, up 7.8% from last year. It holds a market share of approximately 45.9%. SeresMotor follows with 44,982 units, but saw a significant decline of -45.4%. Chang’anAuto and Leapmotor showed healthy double-digit growth, while Chery Auto entered with modest volumes (1,842 units YTD). This distribution highlights Lixiang's stronghold but also reflects rising competition and potential future realignments in market leadership.
- The Lixiang L6, L7, L8, and L9 series dominate the top of the chart:LixiangL6 leads with 51,580 units YTD. LixiangL7 and L9 show stable performance, with L7 down to 24,189 units (from 38,785, -37.6%), while L9 fell to 14,061 units (-54.9%). SeresAITO M9 and M7 also rank among top models, with M9 at 22,466 units and M7 at 13,333 units, though both showed a decline.