Carmakers disclosed their October sales in early November, revealing clear divergence, the Securities Daily and industry trackers reported on November 3. BYD sold 490,168 new-energy vehicles in October, up about 11%, with pure-electric at 305,700 and plug-in hybrid at 177,400; its first ten months reached 3.6217 million units. Geely sold 310,183 vehicles, with its new-energy volume surpassing 200,000 for the first time to set a record.
Among new-force brands, Leapmotor delivered 106,127 units, up 51% and topping the segment for the fourth straight month above the 100,000 level; XPeng delivered 50,237 units, up 20% and a record high, with overseas delivery at 13,326, up 166%; Xiaomi exceeded 50,000 for the first time this year. NIO and Li Auto delivered 34,200 and 29,000 respectively, showing widening scale gaps.
By group, SAIC sold 430,018, Changan 233,800 and Great Wall 120,374, with the latter two down year on year, while Chery sold 295,934 with exports above 200,000. The China Passenger Car Market Information Joint Branch estimated October narrow-sense passenger retail at about 1.6 million, down 28.9%, as the traditional peak season fell short of expectations.
Source: Securities Daily / Cheyan.net
