Mei Ri Jing Ji Xin Wen·2025-11-04 22:35Group 1: Industry Insights - In October, the wholesale sales of new energy passenger vehicles in China reached 1.61 million units, marking a year-on-year increase of 16% and a month-on-month increase of 7%. Cumulatively, from January to October, the total wholesale sales reached 12.054 million units, reflecting a 30% year-on-year growth [1] - The continuous growth in sales indicates strong market demand for new energy vehicles, with increasing consumer acceptance and confidence in the industry supported by policy backing and improved infrastructure [1] - The overall valuation and market confidence in the new energy vehicle sector are expected to rise, potentially enhancing market activity [1] Group 2: Company Developments - Changan Automobile's indirect controlling shareholder, China Changan Automobile Group, has completed the transfer of shares, increasing its holding to 35.04%. This change is not expected to significantly impact the company's operations or harm the interests of minority shareholders [2] - The restructuring of Changan's shareholder structure is seen as a positive move that may enhance market confidence in the company's governance and stability [2] - Geely Automobile is actively exploring various capacity expansion plans to meet the rising demand for its Galaxy model, which has achieved over one million annual sales ahead of schedule. The company aims to utilize existing resources rather than building new factories, indicating a focus on cost control and efficiency [3] - The decision by Geely to optimize resource utilization may set a precedent for the industry, encouraging other companies to innovate and enhance resource management [3] Group 3: Market Strategies - Horizon Smart Mobility announced an extension of its purchase tax subsidy for the R7 and new S7 models, allowing customers to benefit from a subsidy of up to 15,000 yuan if certain conditions are met. This extension aims to alleviate consumer purchase burdens and attract potential buyers [4] - The strategy to extend the subsidy period is expected to help maintain stable sales amidst market volatility and enhance market share for the brand [4]