Group 1 - BYD announced a total production of 474,200 new energy vehicles in November 2025, with sales reaching 480,200 units [1] - Cumulative production for the year stands at 4,117,600 units, reflecting a year-on-year increase of 7.29%, while cumulative sales reached 4,182,000 units, marking an 11.30% year-on-year growth [1] - In November, the company exported 131,900 new energy vehicles [1] Group 2 - The total installed capacity of new energy vehicle power batteries and energy storage batteries in November was approximately 27.669 GWh [1] - Cumulative installed capacity for the year is approximately 258.282 GWh [1]

Core Insights - In November, BYD led the electric vehicle market with sales of 480,200 units, while other companies like Hongmeng Zhixing, Zeekr, and Leap Motor also reported significant sales figures, indicating a competitive landscape in the Chinese EV market [1][3][10]. Group 1: Sales Performance - BYD's November production reached 474,175 units, with a cumulative production of 4,117,552 units for the year, reflecting a year-on-year increase of 7.29% [3][5]. - Hongmeng Zhixing achieved a record monthly delivery of 81,864 units, maintaining its position as the industry leader [3][10]. - Zeekr delivered 63,902 units in November, marking a 7.1% year-on-year increase [8][10]. - Leap Motor's sales reached 70,327 units, showing a growth of over 75% compared to the previous year [10][12]. - NIO's multi-brand strategy resulted in 36,275 units delivered, a 76.3% increase year-on-year [16][21]. - Ideal Auto delivered 33,181 units, with total orders for the i6 and i8 models exceeding 100,000 [21][25]. Group 2: Market Trends - The electric vehicle market is experiencing a clear segmentation, with over half of the companies achieving monthly deliveries exceeding 10,000 units, and leading companies widening their sales advantages [1][2]. - Xiaomi's automotive division reported over 40,000 units delivered in November, continuing its strong growth trajectory [13][15]. - The introduction of new models and delivery policies is prevalent, with companies like Zhiji and Lantu launching new vehicles and optimizing delivery options [2][33][34].

12月1日，各家新能源车企11月成绩单陆续出炉。 蔚来：2025年11月，蔚来公司交付新车36,275台，同比增长76.3%。其中，蔚来品牌交付新车18,393 台；乐道品牌交付新车11,794台；firefly萤火虫品牌交付新车6,088台。 理想汽车：2025年11月，理想汽车交付新车33,181辆。截至2025年11月30日，理想汽车历史累计交付量 为1,495,969辆。 极氪汽车：11月销量28843台，环比增长35%，实现国内国际市场双增长，过去一个月，极氪品牌累计 销量已突破60万台。 岚图汽车：11月交付新车20005辆，同比增长84%，系品牌单月交付量首次突破2万辆大关，并实现连续 10个月环比增长。 智己汽车：11月销售量为13577台，环比增长3%。 零跑汽车：11月全系交付再创新高，达70327台，同比增长超75%，持续刷新月销纪录。自2025年3月 起，零跑汽车已连续九个月保持增长，位居造车新势力榜首。今年1~10月，零跑汽车共交付新车46.58 万辆。 北汽蓝谷：子公司北京新能源汽车股份有限公司2025年11月份产销快报，当月产量为31935辆，同比增 长180.57%；销量为32 ...

Group 1: BYD Performance - BYD announced a production of 474,200 new energy vehicles (NEVs) and sales of 480,200 NEVs in November 2025 [1] - Cumulative production for the year reached 4,117,600 units, representing a year-on-year increase of 7.29% [1] - Cumulative sales for the year totaled 4,182,000 units, with a year-on-year growth of 11.30% [1] - In November, BYD exported 131,900 NEVs and installed approximately 27.669 GWh of power batteries and energy storage batteries [1] Group 2: Investment Initiatives - Lushin Venture Capital plans to establish a 400 million yuan investment fund focusing on life sciences, advanced manufacturing, and AI [2] - Chint Electric's wholly-owned subsidiary intends to invest up to 201 million yuan in a green private equity investment fund with a total scale of 700 million yuan [8] Group 3: Corporate Actions - Qianwei Central Kitchen will conduct a shareholder reward activity, offering a product package worth 200 yuan to individual shareholders holding 100 shares or more [3] - Huaxia Happiness plans to use trust beneficiary rights to offset financial debts totaling up to 24 billion yuan as part of its debt restructuring plan [4] - Tailong Pharmaceutical's controlling shareholder is planning a share transfer, leading to a temporary suspension of the company's stock [5] - ST Xianhe has applied to revoke other risk warnings, pending approval from the Shenzhen Stock Exchange [6] - *ST Yuancheng's stock will be delisted due to a market value below 500 million yuan for 20 consecutive trading days [7] Group 4: Sales and Contracts - SAIC Group reported sales of 4,108,000 vehicles from January to November 2025, a year-on-year increase of 16.4% [10] - Geely Automobile's total sales in November reached 310,428 units, marking a 24% increase year-on-year [11] - Far East Holdings' subsidiaries secured contracts worth 2.383 billion yuan in November, positively impacting future earnings [18] - Samsung Medical's subsidiary signed a contract for an annual bidding project in Indonesia worth approximately 160 million yuan [19] - Zhongchao Holdings' subsidiaries recently won contracts totaling 1.318 billion yuan [20] - Changhua Group received a project development notice from a domestic automaker, with an expected total sales amount of approximately 732 million yuan [21]

Sales Performance - BYD's sales experienced a decline for the third consecutive month [1] Market Dynamics - The electric vehicle market faces intensifying competition from rivals introducing popular models [1]

BYD Co. electric vehicles on display at one of the company's showrooms in Shanghai. BYD Co.’s sales fell for a third straight month as the world’s largest electric vehicle maker faces intensifying competition from rivals churning out popular models. Most Read from Bloomberg The company delivered 480,186 vehicles in November, a 5.3% drop from the same period a year earlier. The decline is particularly notable as it comes during what’s supposed to be a busy period. Consumers are expected to rush to showro ...

注：本公司 2025 年 11 月出口新能源汽车合计 131,935 辆； 本公司 2025 年 11 月新能源汽车动力电池及储能电池装机总量约为 27.669 GWh，2025 年累计装机总量约为 258.282 GWh。 务请注意，上述产、销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公司刊发财务业绩后，股东及 潜在投资者务必详阅。 单位：辆 产量 销量 项目类别 本月 去年同期 本年累计 去年累计 累计同比 本月 去年同期 本年累计 去年累计 累计同比 新能源汽车 474,175 540,588 4,117,552 3,837,632 7.29% 480,186 506,804 4,182,038 3,757,336 11.30% -乘用车 469,199 536,926 4,064,839 3,820,365 6.40% 474,921 504,003 4,130,639 3,740,930 10.42% -纯电动 233,631 208,859 2,031,189 1,588,206 27.89% 237,540 198,065 2,066,002 1,557,258 32 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 比亚迪股份有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01211 | | 說明 | | | | | | | | | 多櫃檯證券代號 | 81211 | RMB | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | | 3,683,400,000 | RMB | | | 1 RMB | | 3,683,400,000 | | 增加 / 減少 (-) | | | | | | | | RMB | | | | 本月底結存 | | | | ...

Core Viewpoint - BYD announced its production and sales figures for electric vehicles, indicating a steady growth trajectory in the new energy vehicle sector [1] Production and Sales Summary - In November 2025, the production of new energy vehicles is approximately 474,200 units, while sales are around 480,200 units [1] - From January to November 2025, the total production of new energy vehicles is about 4,117,600 units, reflecting a year-on-year growth of 7.29%, and total sales are approximately 4,182,000 units, showing a year-on-year increase of 11.3% [1] Export and Battery Installation Summary - In November 2025, the total export of new energy vehicles reached 131,935 units [1] - The total installed capacity of new energy vehicle power batteries and energy storage batteries in November 2025 is approximately 27.669 GWh, with a cumulative installed capacity of about 258.282 GWh for the year [1]

Core Insights - BYD Company Limited announced that in November 2025, the production of new energy vehicles (NEVs) is expected to reach approximately 474,200 units, while sales are projected to be around 480,200 units [1] - From January to November, the total production of NEVs was approximately 4,117,600 units, representing a year-on-year growth of 7.29%, and total sales reached about 4,182,000 units, with a year-on-year increase of 11.3% [1] - The total export of NEVs in November 2025 amounted to 131,935 units [1] - The total installed capacity of new energy vehicle power batteries and energy storage batteries in November 2025 is estimated to be around 27.669 GWh, with a cumulative installed capacity of approximately 258.282 GWh for the year 2025 [1]