Chinese electric vehicle manufacturers become profitable

So far this year, three Chinese automakers have posted their first annual or quarterly profits. Stellantis-backed Leapmotor disclosed its first-ever full-year profit of $78 million in 2025, marking a sharp reversal from a $410 million loss the year before. Nio posted $104 million in adjusted net profit in Q4 after reporting a roughly $900 million loss during the same period in 2024. Xpeng turned its business around with a net profit of about $55 million in the fourth quarter of last year, after reporting a loss of around $190 million during the same period the year before. The three companies

China's EV Companies Aren't Just Making Great Cars. They're Making Money InsideEVs