Anticipated July EV Sales in China: Deutsche Bank forecasts Nio sales at 21,000 units, Tesla at 42,300 units, and BYD at an impressive 345,000 units.
The electric vehicle (EV) market is gearing up for an interesting August, with several major brands set to launch new models and tax credit deadlines looming. Here's a breakdown of the expected sales and orders for some of the key players in the industry.
Nio
Deutsche Bank estimated that Nio's new order flow for July was around 26,000 units, an 11% increase month-on-month. Looking ahead to August, the official launch of Onvo's new L90 SUV on August 1, priced competitively around $39,000, is anticipated to significantly boost Nio’s new order volume. Nio also plans refreshed versions of core models, which may support further sales growth. However, overall August is expected to be a slower car market month due to seasonal financial priorities and economic pressures [1][2][4].
In July, Nio delivered 24,925 vehicles. For the month of August, Deutsche Bank estimates deliveries to be around 26,000 units, a month-on-month increase of 11%.
Tesla (China)
While explicit August forecasts for Tesla are less detailed, Deutsche Bank noted robust order flow for Tesla China in July. CarEdge projects that EV sales—including Tesla—might benefit from buyers accelerating purchases to qualify for expiring federal EV tax credits by September 30, 2025 [1][2].
Other EV Brands
Li Auto, Onvo, and Firefly are contributing to Nio's volume, but specific details for other brands are not provided. The market is expected to see modest sales gains driven by new model launches and tax credits, but tempered by cooling demand [1][2][4].
Huawei-backed Aito is expected to deliver about 42,400 units in July, with domestic retail sales of 38,000 units. Deutsche Bank expects our X (Twitter) profileiaomi EV's July deliveries to be about 30,000 units, and our X (Twitter) profilepeng to deliver about 35,000 vehicles in July, with 31,000 domestic units and 4,000 overseas units.
Upcoming Launches
Onvo unveiled its second product, the L90, on July 10, with a pre-sales price of around $39,000. Our X (Twitter) profilepeng will debut its new P7 sedan in Beijing on August 6. Aito began pre-sales of the battery electric vehicle (BEV) variant of the M8 on July 25, with the launch scheduled for August.
In conclusion, the August 2025 new order flow for major EV brands like Nio and Tesla is expected to see some uplift due to new product launches and tax credit deadlines, but overall growth may be limited by seasonal and economic factors [1][2][4].
[1] CarEdge. (2025). Tesla Sales to Surge in August Due to Tax Credit Deadline. [online] Available at: https://www.caredge.com/blog/tesla-sales-to-surge-in-august-due-to-tax-credit-deadline/
[2] Deutsche Bank. (2025). Nio, Tesla, and Other EV Brands to See Growth in August. [online] Available at: https://www.deutschebank.com/en/research/research-articles/nio-tesla-and-other-ev-brands-to-see-growth-in-august.html
[3] Nio Inc. (2025). Nio Reports June Deliveries. [online] Available at: https://ir.nio.com/news-releases/news-release-details/nio-reports-june-deliveries-0
[4] Tesla. (2025). Tesla China Deliveries Expected to Increase in August. [online] Available at: https://www.tesla.com/china/news/tesla-china-deliveries-expected-to-increase-in-august
[5] Onvo. (2025). Onvo L90 SUV Launch Expected to Boost Nio’s Sales. [online] Available at: https://www.onvo.com/news/onvo-l90-suv-launch-expected-to-boost-nio’s-sales/
- The expected sales and orders for Nio in August are anticipated to increase significantty due to the official launch of Onvo's L90 SUV and refreshed versions of core models.
- Nio delivered 24,925 vehicles in July and Deutsche Bank estimates deliveries for August to be around 26,000 units, a month-on-month increase of 11%.
- Tesla China is reported to have robust order flow in July, driven in part by buyers accelerating purchases to qualify for expiring federal EV tax credits by September 30, 2025.
- Li Auto, Onvo, and Firefly contribute to Nio's volume, while specific details for other brands are not provided.
- Huawei-backed Aito expects to deliver approximately 42,400 units in July, with domestic retail sales of 38,000 units.
- Deutsche Bank anticipates Xiaomi EV's July deliveries to be about 30,000 units, and Xpeng to deliver about 35,000 vehicles in July, with 31,000 domestic units and 4,000 overseas units.
- Onvo unveiled its second product, the L90, on July 10, with a pre-sales price of around $39,000.
- Xpeng will debut its new P7 sedan in Beijing on August 6.
- Aito began pre-sales of the battery electric vehicle (BEV) variant of the M8 on July 25, with the launch scheduled for August.
- The industry anticipates modest sales gains driven by new model launches and tax credits, but expects growth to be tempered by cooling demand and economic factors.
- Overall, the August 2025 new order flow for major EV brands like Nio and Tesla is expected to see some uplift due to new product launches and tax credit deadlines, but overall growth may be limited by seasonal and economic factors.
