Core Insights - In October, Beiqi Foton's new energy trucks sold 6,342 units, securing the top spot in the monthly sales ranking for new energy trucks and achieving the overall sales champion for the period from January to October 2025 [1][4]. Sales Performance - In October 2025, Beiqi Foton sold a total of 56,600 vehicles, with cumulative sales of 536,700 units from January to October, reflecting a year-on-year growth of 10% [4]. - New energy vehicles sold 8,006 units in October, with cumulative sales reaching 82,300 units for the year, marking a significant year-on-year increase of 99% [4]. - The proportion of new energy products in Beiqi Foton's total sales has been steadily increasing, surpassing 15% in the first ten months of 2025, indicating a shift from supplementary growth to a core growth engine [4]. New Energy Truck Contributions - In October, new energy trucks accounted for approximately 80% of Foton's new energy vehicle sales, with significant contributions from various brands including Ouman, Aumark, and others [4][5]. - The sales of new energy heavy trucks reached over 2,000 units in October, representing a year-on-year increase of 366%, while cumulative sales for the year reached 15,700 units, up 284% [9]. Strategic Insights - Beiqi Foton's success in the new energy heavy truck sector is attributed to its "multi-technology path + ecological synergy" strategy, employing a "three-track parallel" approach with pure electric, hybrid, and battery swap technologies [9][10]. - The Galaxy 5M pure electric tractor has gained market recognition, with a strategic agreement for 115 units signed during its launch event [10]. Light Truck Market Dynamics - The sales of new energy light trucks have been increasing, with Foton capturing a market share of 24.3% in the large battery (≥120 kWh) light truck segment in the first three quarters of 2025 [13]. - Foton's new dedicated platform for pure electric light trucks, "Qimingxing," has empowered its various brands to enhance competitiveness in the new energy light truck market [13]. Future Outlook - Foton's new energy truck business is expected to continue its rapid growth under the guidance of its "30·50" strategy, aiming for 50% of vehicle sales to be new energy vehicles by 2030 [15].