BYD(SZ:002594) Mei Ri Jing Ji Xin Wen·2025-10-14 13:24Core Insights - In September, China's automotive production and sales exceeded 3 million units for the first time in history, with production reaching 3.276 million and sales at 3.226 million, marking a month-on-month increase of 16.4% and 12.9% respectively, and a year-on-year increase of 17.1% and 14.9% [1][2] Production and Sales Performance - From January to September, China's automotive production and sales reached 24.333 million and 24.436 million units, showing year-on-year growth of 13.3% and 12.9% respectively, with growth rates expanding compared to the first eight months of the year [1][2] - The new energy vehicle (NEV) market saw significant growth, with production and sales reaching 1.124 million and 1.123 million units from January to September, reflecting year-on-year growth of 35.2% and 34.9% [5][7] Market Dynamics - The "old-for-new" vehicle policy has positively impacted consumer purchasing behavior, with many regions restarting or enhancing subsidies, leading to increased sales [2][4] - Chinese brand passenger vehicles accounted for 69% of total passenger vehicle sales from January to September, with a year-on-year increase of 5.1 percentage points [2][3] New Energy Vehicles - In September, NEV production and sales reached 1.617 million and 1.604 million units, with a year-on-year increase of 23.7% and 24.6%, making up 49.7% of total new car sales [4][5] - The mainstream price range for NEVs is now higher than that of traditional fuel vehicles, with significant sales growth in the 10-20 million yuan price range [3][5] Export Performance - From January to September, exports of pure electric vehicles reached 1.13 million units, a year-on-year increase of 54.6%, while plug-in hybrid vehicle exports surged to 628,000 units, marking a 2.2-fold increase [5][7] - Chery and BYD were among the top exporters, with Chery exporting 936,000 units and BYD achieving a remarkable growth rate of 130% in exports [7]