Deepal, the new energy vehicle (NEV) marque under Changan Automobile, announced on December 9 that its cumulative vehicle deliveries have reached 700,000 units. The achievement coincides with a major production milestone for its parent company, Changan, which has now manufactured 30 million vehicles since its founding, solidifying its position among China’s largest auto groups.
Deepal’s sales growth has been accelerated by an aggressive expansion of its product portfolio, which has grown to seven models since the debut of the SL03 in 2022. The lineup now includes a mix of pure-electric (BEV) and range-extended (EREV) models, covering multiple segments.
The brand has maintained strong momentum, surpassing its estimated break-even point for monthly sales. The brand has consistently reported global deliveries above the 30,000-unit threshold in recent months, with 33,600 units in September and 36,800 units in October. This sustained performance aligns with earlier guidance from Changan’s board secretary, who suggested monthly sales of around 30,000 units would achieve operational break-even.
Deepal Chairman Deng Chenghao, speaking at the Auto Guangzhou 2025 event, confirmed the brand’s improving financial health.
“The company had achieved profitability in certain months, marking an early breakthrough for a young brand that is still investing heavily in new products,” said Deng Chenghao.
Audited financial statements for the first ten months of 2025 showed that Deepal continued to narrow its net losses to 1.025 billion yuan, down from a deficit of 3.196 billion yuan in 2022, on revenue of 39.797 billion yuan.
The company is preparing for further expansion by launching a new round of fundraising on the Chongqing United Assets and Equity Exchange to bring in strategic investors by the end of December. New shareholders will hold no more than a 20% stake, with proceeds earmarked for vehicle development, intelligent technologies, and accelerating Deepal’s overseas brand presence.
Deepal has outlined an ambitious global strategy, aiming to expand its footprint to approximately 90 countries and regions in 2025. The brand projects its overseas sales to contribute between one-third and one-half of its total sales in the years ahead, with a target of 380,000 global deliveries by 2030.
