Guo Ji Jin Rong Bao·2025-11-03 15:50Group 1: New Energy Vehicle Sales Performance - In October, Li Auto's sales dropped to 32,000 units, a nearly 40% year-on-year decline, following a recall of over 10,000 units of the 2024 Li MEGA model due to safety concerns [2] - NIO delivered 40,400 vehicles in October, marking a 92.59% year-on-year increase, with the new ES8 contributing significantly to this growth [2] - Xpeng Motors achieved a record high of 42,000 deliveries in October, with a cumulative total of 355,000 units from January to October, reflecting a 190% year-on-year growth [2] - Leap Motor led the new energy vehicle segment with 71,000 deliveries in October, a remarkable 84% increase compared to the same month last year [1] Group 2: Traditional Automakers' Performance - BYD sold 442,000 new energy vehicles in October, showing an 11.5% month-on-month increase, although the growth rate is slowing [3] - Geely achieved sales of 307,100 vehicles in October, with a 12% month-on-month increase and a 35% year-on-year increase, marking its first month surpassing 300,000 units [4] - Chery Group reported total sales of 281,000 vehicles in October, with new energy vehicle sales exceeding 110,000 units, a historical high with a 54.7% year-on-year growth [4] Group 3: Market Trends and Future Outlook - Leap Motor's chairman expressed confidence in significant sales growth in 2026, with a strategic plan in place for the next five years [1] - The automotive industry is entering a competitive phase as companies prepare for the final two months of the year, with many aiming to meet their annual sales targets [5] - Changan Automobile reported total sales of 278,000 vehicles in October, with new energy vehicle sales reaching 119,000 units, a 36% year-on-year increase [5]