XIAOMI(HK:01810) Sou Hu Cai Jing·2025-10-04 02:47Core Viewpoint - In September, the sales of new energy vehicles reached approximately 1.25 million units, achieving a penetration rate of 58.1%, marking a historical high for the industry [1]. Group 1: Industry Performance - Most car manufacturers set delivery records in September, with significant year-on-year and month-on-month increases, benefiting from the traditional peak sales period [1]. - The new energy vehicle market is experiencing robust growth, with a notable increase in sales figures across various brands [1]. Group 2: Company-Specific Insights - BYD delivered 396,270 units in September, a 6.1% increase from August [2]. - Xiaomi's delivery exceeded 40,000 units for the first time, marking a significant milestone for the brand [2][3]. - Xiaomi currently has the highest number of outstanding orders among new energy vehicle brands, with an estimated backlog of at least 320,000 vehicles due to production capacity constraints [5][7]. - The company’s monthly new orders are approximately 60,000, suggesting a stable production capacity of around 60,000 units per month [9].