LEAPMOTOR(HK:09863) Jin Rong Jie·2026-01-08 04:46Group 1 - Geely Auto exceeded its 2025 sales target of 3 million units, achieving over 3.02 million units, and aims for a sales target of 3.45 million units in 2026, representing a 14% year-on-year growth [1] - Dongfeng Group has set a sales target of 3.25 million units for 2026, an increase of 250,000 units from its 2025 target of 3 million units; the 2025 sales figure is expected to be around 2.5 million units based on the first 11 months' sales of 2.204 million units [1] Group 2 - Leap Motor performed exceptionally in 2025, surpassing its initial sales target of 500,000 units with actual sales close to 600,000 units, making it the top seller among new energy vehicle companies; for 2026, it targets 1 million units, a 68% increase [6] - Xiaomi Auto achieved sales of 410,000 units in 2025, exceeding its target of 350,000 units, and aims for a sales target of 550,000 units in 2026, reflecting a 34% year-on-year growth; it plans to launch four new models in 2026, including two range-extended SUVs [6] Group 3 - NIO's actual sales in 2025 were approximately 326,000 units, falling short of its target of 440,000 units; however, models like the L90 and the new ES8 performed well, stabilizing the company's position; for 2026, NIO targets sales between 456,000 and 489,000 units, indicating a year-on-year growth of 40%-50% [7] - The continued implementation of the vehicle trade-in policy in 2026 is expected to stimulate automotive consumption, with industry experts predicting overall market growth exceeding zero growth in 2026 [7]