GXED(SH:600617) Xin Hua Wang·2025-11-11 08:04Core Insights - In October 2025, China's new energy vehicle (NEV) sales reached 51.6% of total new car sales, marking the first time NEVs surpassed half of the market share [1] - NEV production and sales in October were 1.772 million and 1.715 million units, respectively, representing year-on-year growth of 21.1% and 20% [1] - Cumulatively from January to October, NEV production and sales reached 13.015 million and 12.943 million units, with year-on-year increases of 33.1% and 32.7% [1] - Overall, total vehicle production and sales from January to October amounted to 27.692 million and 27.687 million units, reflecting year-on-year growth of 13.2% and 12.4% [1] - In October alone, total vehicle production and sales were 3.359 million and 3.322 million units, showing month-on-month growth of 2.5% and 3%, and year-on-year growth of 12.1% and 8.8% [1] - The automotive market continues to show a positive development trend, with monthly production and sales reaching record highs for the same period [1]