Q1 2026 New Energy Vehicle Resale Value Rankings: Tesla, Onvo, Li Auto Top Three

As of the end of 2025, China had approximately 293 million passenger vehicles in circulation, including 40.79 million new energy vehicles (NEVs). A resale value study covering 17 mainstream NEV brands priced above RMB 150,000 revealed that in Q1 2026, Tesla ranked first with a March resale retention rate of 82.7%, maintaining a rate above 80% for three consecutive months. Le Dao came second with a resale rate of 80.9%, based on data from its L60 model (the L90 was excluded due to insufficient market presence—less than one year since launch). The L60 equipped with the Battery-as-a-Service (BaaS) option achieved a notably higher resale rate of 83.1%, compared to 71.8% for non-BaaS variants. Li Auto ranked third, joining Fangchengbao, Aito, and Xiaomi in forming the top tier of brands, all posting March resale rates exceeding 75%. Brands such as Mercedes-Benz, BMW, XPeng, and Zeekr recorded resale rates around 70%. Meanwhile, brands like Stelato, Zhiji, NIO, and Voyah showed relatively lower resale values, primarily influenced by factors including new-car pricing, market expectations, vehicle ownership volume, and secondary-market acceptance.