GXED(SH:600617) 智通财经网·2025-10-10 10:51Core Insights - The wholesale sales of new energy passenger vehicles in September 2025 are estimated to reach 1.5 million units, representing a year-on-year increase of 22% and a month-on-month increase of 16% [1][2] - Cumulative wholesale sales from January to September 2025 have reached 10.446 million units, showing a year-on-year growth of 32% [1] - The market is experiencing a structural high growth due to the recent breakthroughs in electrification by major automakers and the launch of popular new models [2] Industry Trends - The Ministry of Industry and Information Technology, along with multiple departments, is working to further regulate the competitive order in the new energy vehicle industry, which has shown significant effects [1] - The sales characteristics of the automotive market are increasingly showing a "low at the beginning and high at the end" trend, with a strong market performance expected towards the end of the year [1] - The introduction of new models around the Chengdu Auto Show is expected to attract consumer attention and contribute to market growth [1] Company Performance - Major manufacturers such as Geely, Changan, Leap Motor, Dongfeng, Xpeng, Great Wall, NIO, SAIC Passenger Cars, and others have achieved record high wholesale sales of new energy vehicles in September [2] - The overall sales of new energy vehicles have been boosted by strong exports and excellent performance from many second-tier automakers [2] - The top manufacturers in terms of new energy vehicle sales include SAIC-GM, GAC Toyota, Dongfeng Nissan, and others, with significant sales figures reported [4]