100-150k RMB BEV Market Growth

The 100k-150k RMB BEV Sedan market continues its rapid growth, achieving 84,000 units in sales during the first two months of 2025 (+98% YoY). Annual sales are projected to reach 720,000 units, accounting for 37.9% of the total BEV Sedan market.

In the 100k-150k RMB BEV sedan segment, the XPeng M03 currently dominates the market with robust sales, followed by the BYD Qin+ EV. With the arrival of the BYD Qin L EV, the segment is poised for another shift.

Based on a comprehensive evaluation of product strength, brand influence, and dealer network coverage, the BYD Qin L EV is projected to achieve a monthly sales volume of 13,050 units in 2025. Driven by this impact, XPeng MONA M03’s monthly sales are projected to decline to 10,710 units, representing a 17.6% drop.

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