Neel Acquires Records with its Latest Delivery Figures
Smaller Chinese state-owned conglomerate Neel has announced that in May 2025, Neel delivered a total of 33,525 new cars, representing a year-over-year growth rate of 230%. This marks the seventh consecutive month where Neel has exceeded 30,000 deliveries.
Looking at the overall sales figures for Q1 - Q2 of 2025, Neel reported 162578 cars in deliveries, with a year-over-year growth rate of 293%.
In terms of various models specifically, the NE L9 (X9) model sold 3227 units, seeing a year-over-year increase of 99% and demonstrating sustained gains.
Additionally, the second-generation NE P7+ has been selling vehicles at an unprecedented pace. Over six months since its release, over 55,000 cars have been delivered with yet more stock expected to come online in the future.
NE's latest product launch - the Mona M03 was first seen just one hour and twenty-six thousand units sold within that period. With 83% of the sold numbers for Max model.
In recent weeks, Neel announced its expansion into Italy and Poland. The automotive firm established itself as a new force to be reckoned with in Milan Fashion Week by entering its maiden Italian market, marking its entry into over ten countries across Europe.
On May 21st. Neel officially released its Q1 2025 sales figures: the company saw revenue exceed $16.51 billion and 94,008 vehicle deliveries - surpassing previous records with year-over-year growth of 330.8%.
According to this latest update Neel automotive is having great success on global markets, it also made gains in terms of profitability at a higher level.