Zheng Quan Shi Bao Wang·2025-10-24 10:06Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 66.929 billion yuan and sold 1.1837 million vehicles, with Q3 revenue reaching 24.318 billion yuan, a quarter-on-quarter increase of 6.98% [1] - The total vehicle sales in Q3 were 428,400 units, reflecting a quarter-on-quarter growth of 11.49% [1] - All automotive enterprises under the company experienced positive sales growth in Q3, with self-owned brands collectively selling over 159,500 units, a quarter-on-quarter increase of 15.09% [1] Group 2: International Expansion - The company is accelerating its international strategy, with overseas terminal sales increasing by 36.5% year-on-year, covering 85 countries and regions [2] - In Q3, the company entered markets in the UK, Poland, Portugal, and Finland, planning to deliver two global strategic models in Europe by Q1 2026 [2] - The goal is to achieve full coverage of the European market by 2028, with plans to establish multiple core markets of 50,000 to 100,000 units [2] Group 3: Research and Development - The company expects its R&D investment to exceed 10 billion yuan in 2025, focusing on intelligent driving assistance, smart cockpits, and electronic architecture [2] - The company participated in a national-level "vehicle-road-cloud integration" collaborative development testing action, becoming the first automaker to publicly validate cloud-supported intelligent driving system functions [2] Group 4: New Energy and Technology - The company launched the "Star Source Range Extender" technology in August, achieving leading indicators in energy conversion and efficiency [2] - The company has completed a full-chain layout for vehicle-to-grid (V2G) technology, with the largest V2G demonstration project in the country, which has discharged over 250,000 kWh as of October 19 [3] - The company has delivered prototypes of its multi-rotor flying car, GOVY AirCab, in Hong Kong and Beijing, receiving over a thousand intent orders [3] Group 5: Strategic Partnerships - The collaboration with Huawei has made significant progress, with the announcement of a high-end smart electric vehicle brand "Qijing," and the first model is set to launch in mid-2026 [3]