Xin Lang Cai Jing·2025-10-06 04:34Industry Overview - The automotive sector showed resilience in September, with retail sales of passenger vehicles expected to reach 2.15 million units, a year-on-year increase of 2.0% and a month-on-month increase of 6.5% [3] - The automotive sector's Beta trend continues to strengthen, with expectations for a valuation uplift in the fourth quarter due to seasonal demand and year-end purchasing [3] - The trend of AI applications is accelerating, driving capital expenditure and boosting the demand for cross-industry components, particularly in areas like chip manufacturing and autonomous driving [3] Company Performance - Geely Automobile reported total sales of 273,125 units in September 2025, a year-on-year increase of approximately 35%. Cumulative sales from January to September reached 2,170,189 units, up about 46% year-on-year [2] - XPeng Motors delivered 41,581 smart electric vehicles in September 2025, representing a year-on-year growth of 95% and a month-on-month increase of 10%. Cumulative deliveries for the third quarter reached 116,007 units, a year-on-year increase of 149% [2] - NIO delivered 34,749 vehicles in September 2025, a year-on-year increase of 64.1%. Cumulative deliveries for the third quarter reached 87,071 units, up 40.8% year-on-year [2] Notable Transactions and Developments - Seres completed the payment for the acquisition of a 10% stake in Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei, with a transaction amount of 11.5 billion yuan [1] - Li Auto launched a tax subsidy plan for its i6 model, allowing users who complete their orders by October 31, 2025, to benefit from the subsidy if delivery is delayed until 2026 due to reasons related to Li Auto [1] - Rockstone Robotics submitted its application for a mainboard listing on the Hong Kong Stock Exchange [1]