Group 1 - BYD announced total sales of 4,602,436 vehicles for the year 2025 [1] - In December alone, BYD sold 420,398 vehicles, with 414,784 being passenger cars [1] - BYD achieved the title of sales champion in both the Chinese automotive market and the global new energy vehicle market [1] Group 2 - Overseas sales for passenger cars and pickups reached 132,837 units in December [4] - BYD continues to lead in the automotive industry, reflecting strong demand for its electric vehicles [6] - The company's performance indicates a significant growth trajectory in the new energy vehicle sector [8]

Group 1 - BYD Auto reported total sales of 4,602,436 vehicles for the year 2025 [1] - In December alone, BYD sold 420,398 vehicles, with 414,784 being passenger cars [1] - BYD achieved the title of sales champion in both the Chinese automotive market and the global new energy vehicle market [1] Group 2 - Overseas sales for passenger cars and pickups reached 132,837 units in December [4] - BYD continues to lead in both company and brand sales within the Chinese automotive market [6]

Major Events - Black Sesame Intelligence (02533) plans to acquire and increase its stake to 60% in Zhuhai Yizhi Electronic Technology, aiming to establish a full-scenario ecosystem for AI chips [1] - China Biopharmaceutical (01177) has completed the enrollment of the first patient in the Phase III clinical trial of its self-developed TDI01 "ROCK2 inhibitor" for the treatment of idiopathic pulmonary fibrosis [1] - Cao Cao Travel (02643) sees a positive outlook and its controlling shareholder voluntarily extends the lock-up commitment [1] - Laike Pharmaceutical-B (02105) has completed the first dosing of the Phase I single-dose escalation study for LAE103 [1] - VALA (02051) has launched its new model, Vala Home, and is collaborating with Ruichi Automobile to enhance production capacity and delivery systems [1] Operating Performance - BYD Company (01211) expects to achieve approximately 4.6024 million units in new energy vehicle sales for 2025, representing a year-on-year increase of 7.73% [1] - Geely Automobile (00175) reported total vehicle sales of 236,800 units in December, a year-on-year increase of approximately 13% [1] - NIO Inc. (09866) delivered 48,100 vehicles in December, setting a new monthly record with a year-on-year increase of 54.6% [1] - Great Wall Motors (02333) anticipates sales of approximately 1.3237 million units for 2025, reflecting a year-on-year growth of 7.33% [1] - Xpeng Motors (09868) achieved a total delivery of 429,400 vehicles for the entire year of 2025, marking a year-on-year increase of 126% [1] - China Power (02380) reported a total consolidated electricity sales volume of 10.0997 million megawatt-hours in November, an increase of 15.38% year-on-year [1] - Li Auto (02015) delivered 44,200 new vehicles in December, a year-on-year decrease of 24.44% [1]

Summary of Key Points Core Viewpoint The domestic major new energy vehicle (NEV) companies have reported their sales figures for December 2025 and the entire year, showcasing significant growth in the sector despite some companies experiencing a decline in monthly sales. Group 1: BYD - In December 2025, BYD sold 420,398 NEVs, a year-on-year decline of approximately 18.2% [1] - The total sales for the year reached 4,602,436 units, representing a year-on-year growth of 7.73% [1] - Pure electric vehicle sales in December were 190,712 units, with annual sales of 2,256,714 units, marking a substantial increase of 27.86% [1] - BYD exported a total of 133,000 NEVs in December [1] Group 2: Geely - Geely's total vehicle sales for 2025 exceeded 3.02 million units, surpassing its annual sales target [2] - The company achieved a record high in NEV sales, totaling 1.69 million units [2] - Geely aims to reach a sales target of 3.45 million units in 2026, with NEV sales projected at 2.22 million units [2] Group 3: Hongmeng Zhixing - Hongmeng Zhixing delivered 89,611 vehicles in December, setting a new historical high [3] - The total deliveries for 2025 reached 589,107 units, reflecting a year-on-year growth of 32% [3] Group 4: Leap Motor - Leap Motor's total deliveries in December reached 60,423 units, a year-on-year increase of 42% [4] - The cumulative deliveries for 2025 amounted to 596,555 units, representing a remarkable growth of 103% [4] Group 5: Xiaomi Auto - Xiaomi Auto reported over 50,000 deliveries in December 2025 [5] - The Xiaomi YU7 model has delivered over 150,000 units in six months, which is 2.3 times the delivery of the SU7 in the same period [6] Group 6: NIO - NIO delivered 48,135 vehicles in December, achieving a historical high with a year-on-year growth of 54.6% [7] - The total deliveries for 2025 reached 326,028 units, marking a year-on-year increase of 46.9% [7] - NIO's brand deliveries included 31,897 units, with the Leida brand delivering 91,54 units and the Firefly brand delivering 7,084 units [7] Group 7: Li Auto - Li Auto delivered 44,246 vehicles in December 2025 [8] - The total deliveries for the fourth quarter reached 109,194 units, with a cumulative historical delivery of 1,540,215 units by the end of December 2025 [8] Group 8: Aion - Aion's sales in December reached 40,066 units, setting a new record [9] Group 9: XPeng Motors - XPeng Motors delivered 37,508 vehicles in December, reflecting a year-on-year growth of 2% [11] - The total annual deliveries for 2025 reached 429,445 units, a significant increase of 126% compared to the previous year [11] - The XPeng X9 model achieved a record monthly delivery of 5,424 units in December, with a month-on-month increase of 68% and a year-on-year increase of 289% [11] Group 10: Zeekr - Zeekr reported 30,267 deliveries in December, achieving a historical high with a year-on-year growth of 11.3% [12] - The total annual sales exceeded 224,000 units [12] Group 11: Lantu - Lantu's total deliveries for 2025 surpassed 150,169 units, achieving a year-on-year growth of 87% [13] Group 12: IM Motors - IM Motors reported total sales of 81,017 units for 2025, setting a new annual sales record [14]

比亚迪李云飞：比亚迪海外年销量首次突破100万辆，同比增长145%。 63,@比亚迪李云飞 ...

Core Viewpoint - BYD announced its production and sales figures for electric vehicles, indicating a steady growth trajectory in the new energy vehicle sector for 2025 [1] Group 1: Production and Sales - In December 2025, the company produced approximately 419,800 electric vehicles and sold about 420,400 units [1] - For the entire year of 2025, the total production of electric vehicles reached approximately 4.5374 million units, representing a year-on-year growth of 5.42% [1] - The total sales for 2025 were around 4.6024 million units, showing a year-on-year increase of 7.73% [1] Group 2: Exports and Battery Installation - In December 2025, the company exported a total of 133,172 electric vehicles [1] - The total installed capacity of electric vehicle power batteries and energy storage batteries in December 2025 was approximately 27.352 GWh [1] - Cumulatively, the installed capacity for the year 2025 reached about 285.634 GWh [1]

Group 1 - The core viewpoint of the article is that BYD Company Limited (01211) has announced its production and sales figures for electric vehicles, indicating a steady growth trajectory in the new energy vehicle sector [1] Group 2 - In December 2025, the company is projected to produce approximately 419,800 electric vehicles and sell around 420,400 electric vehicles [1] - For the entire year of 2025, the total production of electric vehicles is expected to reach approximately 4,537,400 units, representing a year-on-year growth of 5.42%, while total sales are projected to be about 4,602,400 units, reflecting a year-on-year increase of 7.73% [1] - The company plans to export a total of 133,172 electric vehicles in December 2025 [1] - The total installed capacity of electric vehicle power batteries and energy storage batteries in December 2025 is estimated to be around 27.352 GWh, with a cumulative installed capacity of approximately 285.634 GWh for the year [1]

Group 1 - The core point of the article highlights BYD's December 2025 production and sales report, indicating a decline in new energy vehicle sales compared to the previous year [1] - In December 2025, BYD sold 420,398 new energy vehicles, representing a year-on-year decrease of approximately 18.2% [1] - For the entire year of 2025, BYD's cumulative sales reached 4,602,436 vehicles, showing a year-on-year growth of 7.73% [1] Group 2 - The sales of pure electric models in December 2025 amounted to 190,712 units, contributing to a total of 2,256,714 units sold for the year, which is a significant increase of 27.86% year-on-year [1]

(本文来自第一财经) 比亚迪发布2025年12月产销快报，当月新能源汽车销量420398辆，同比下滑约18.2%；2025年全年累计 销量4602436辆，同比增长7.73%。其中纯电车型12月销量190712辆；纯电车型全年累计2256714辆，同 比大增27.86%。 ...

| | 産量 | | 销量 | | | --- | --- | --- | --- | --- | | 項目類別 | 本月 去年同期 本年累計 去年累計 累計同比 本月 | | 去年同期 本年累計 去年累計 累計同比 | | | 新能源汽車 | 419,804 466,441 4,537,356 4,304,073 | 5.42% 420.398 | 514,809 4,602,436 4,272,145 | 7.73% | | 一乘用車 | 414,553 460,719 4,479,392 4,281,084 | 4.63% 414.784 | 509,440 4,545,423 4,250,370 | 6.94% | | 一純電動 | 190,724 189,759 2.221.913 1.777.965 | 24.97% | 190,712 207,734 2,256,714 1,764,992 | 27.86% | | | - 插雷式混合動力 223,829 270,960 2,257,479 2,503,119 | -9.81% | 224,072 301,706 2,288,709 2,485, ...