宇通客车（600066）(600066.SH)发布公告，公司2025年11月销售量4058辆，同比增长8.62%;本年累计 销售量40654辆，同比增长6.14%。 ...

Core Insights - The European Union's new car sales reached 889,000 units in September 2025, marking a 10% year-on-year increase and achieving growth for the third consecutive month [1] - Cumulatively, from January to September 2025, new car sales in the EU totaled 8.057 million units, reflecting a 0.9% year-on-year growth [1] Sales by Power Source - In the first nine months of 2025, hybrid vehicle sales accounted for 34.7% of total sales, an increase of 4.3 percentage points compared to the same period last year [1] - Gasoline vehicle sales represented 27.7% of total sales, showing a decline of 6.6 percentage points year-on-year [1] - Pure electric vehicle sales made up 16.1% of total sales, with a year-on-year increase of 3 percentage points [1]

Core Viewpoint - Morgan Stanley has raised Dongfeng Motor Group's revenue forecast for the fiscal year 2025 by 15%, driven by recent sales trends and management guidance, with sales expectations adjusted to 150,000 units [1] Group 1: Revenue and Sales Forecast - The average selling price has increased by 7% based on the report for the first seven months of 2025 [1] - The target price for Dongfeng Motor Group has been increased from HKD 10.65 to HKD 11.24, with a rating of "Overweight" [1] Group 2: Management Insights - Key points from the management meeting indicate that most existing models will be upgraded by 2025, supporting the sales target of 150,000 units and stable average selling prices [1] - Management aims for a year-on-year sales growth of 50% to 80% by 2026, benefiting from the launch of a new six-seat SUV in 2025 and SUV/MPV models in 2026 [1] Group 3: Production Capacity and Technology - New production capacity to be released in the first half of 2026 will assist in achieving sales targets [1] - Lantu will enhance revenue through external technical support, although there is currently no clear timeline for an IPO [1]

Core Viewpoint - Yutong Bus (600066.SH) reported a significant increase in sales volume for September 2025, with 4,756 units sold, representing a year-on-year growth of 25.55% [1] - The cumulative sales volume for the current year reached 33,556 units, showing a year-on-year increase of 7.05% [1] Summary by Category - **Sales Performance** - September 2025 sales volume: 4,756 units, up 25.55% year-on-year [1] - Year-to-date sales volume: 33,556 units, up 7.05% year-on-year [1]

Core Insights - SAIC Motor Corporation sold 363,000 vehicles in August, representing a year-on-year increase of 41% and a month-on-month increase of 7.7% [1] Sales Performance - The total vehicle sales for August reached 363,000 units [1] - Year-on-year growth in sales was 41% [1] - Month-on-month growth in sales was 7.7% [1]

Core Insights - Tesla (TSLA.US) experienced a year-on-year increase of 21.3% in new car registrations in Norway for August [1] Company Summary - The new car registration data indicates a positive growth trend for Tesla in the Norwegian market, reflecting strong demand [1]

Core Insights - BYD's sales in the UK and Germany have seen significant growth, with UK sales increasing over fourfold to 3,184 units and German sales soaring nearly 390% [1] Group 1 - UK sales growth exceeded four times year-on-year, reaching 3,184 vehicles [1] - German sales experienced a nearly 390% increase [1]

Core Insights - European car sales increased by 1.9% in May, reaching a total of 1.11 million units sold [1] Industry Summary - The growth in car sales indicates a positive trend in the European automotive market, suggesting a potential recovery or stabilization after previous downturns [1] - The increase in sales volume reflects consumer demand and may influence production strategies among manufacturers [1]

Group 1 - Turkey's automotive sales increased by 7.4% year-on-year in May [1] - Cumulative automotive sales from January to May rose by 3.7% year-on-year [1]

Group 1 - The core viewpoint of the article is that Thailand's domestic automobile sales experienced a year-on-year increase of 0.97% in April [1] Group 2 - The report highlights the performance of the Thai automotive industry, indicating a slight growth in sales compared to the same month last year [1]