# AITO

China’s EV Upstarts Face a March Reckoning as February Sales Show Early Winners — and Deepening Divergence

February deliveries underscored a widening split among China’s new‑energy vehicle startups: Leapmotor and Li Auto held relative strength while many peers experienced steep month‑on‑month declines. With financing incentives proliferating and a concentrated march of new model launches scheduled for March–April, product execution, ADAS scalability and cost control will determine who sustains growth as sector expansion slows in 2026.