Li Auto Tops China NEV Residual Value Rankings in June, AITO Falls to Sixth

China’s EV resale market saw a major reshuffle in June, with Li Auto taking the top spot in new energy vehicle residual value rankings, while AITO dropped to sixth place.

The ranking was released by research firm LandRoads on July 22 in its “June 2026 New Energy Used Vehicle Price And Residual Value Report.”

Li Auto recorded an 81.8% residual value in June, up 1.5 percentage points from the previous month. The automaker jumped from fourth place to first.

Xiaomi Auto ranked second with an 81.4% residual value rate, rising 1.4 percentage points month on month.

Tesla remained in third place with an 80.7% residual value rate, staying above the 80% level for three consecutive months.

AITO’s residual value fell to 76.5% in June, down 4.8 percentage points from the previous month, marking one of the largest declines among major brands. The report attributed the drop to discounts on the AITO M8 at retail channels, combined with expectations for a product update. Lower used-vehicle prices for previous-generation models weighed on the brand’s overall residual value performance.

Voyah saw a sharp recovery during the month, with its residual value rising from around 65.6% to 74.3%, up 8.8 percentage points. The improvement was mainly driven by the Dreamer MPV.

NIO also improved, with its residual value climbing from 63.6% to 69%, supported by the arrival of new ES8 vehicles in the used-vehicle market.

The monthly trend showed diverging trajectories among brands. AITO’s residual value declined for three straight months, falling from 82.7% in April to 76.5% in June, down 6.2 percentage points in total.

Voyah moved in the opposite direction, rising for three consecutive months from 62.4% in April to 74.3% in June, gaining 11.9 percentage points to return to the leading group.

By residual value tier, the market has formed a clear structure. Li Auto, Xiaomi Auto, and Tesla sit in the first tier, with residual values above 80%. ONVO, Fang Cheng Bao, and AITO form the second tier, maintaining residual values between 76% and 78%.

Voyah, BMW, XPeng, and Zeekr rank between 71% and 74%. Brands including Stelato, Luxeed, and Avatr remain weaker due to smaller vehicle fleets, still in an early growth stage.

In terms of the used-vehicle value index, IM Motors ranked first in June with a score of 148%, showing the strongest price advantage over new vehicles.

Traditional luxury brands continued to hold strong positions in the used-vehicle market. BMW scored 143%, Mercedes-Benz 140%, and FAW Audi 138%, all remaining among the strongest performers.

Voyah’s index dropped sharply to 116%, indicating that its used-vehicle price advantage over new vehicles narrowed as new models became more attractive.

ONVO, Xiaomi Auto, Fang Cheng Bao, Tesla, and AITO all recorded indexes below 130%, showing limited pricing advantages for used vehicles compared with new cars.

Li Auto posted a 114% index in June, remaining the lowest among monitored brands.