2025-11-11 02:47Summary of China Autos & Shared Mobility Conference Call Industry Overview - The conference call focused on the China Autos & Shared Mobility sector, particularly the electric vehicle (EV) market in China, highlighting weekly order trends from November 3-9, 2025 [1][5][8]. Key Company Insights - BYD: Weekly orders ranged from 80,000 to 80,500, a decrease of 14% week-over-week (WoW) and 32% month-over-month (MoM), attributed to ongoing inventory destocking [2][5]. - Li Auto: Orders were between 8,500 and 8,700, down 14% WoW and 59% MoM, following a spike in late September due to the i6 launch [2][5]. - NIO: Reported orders of 9,000 to 9,200, showing stability WoW but a 25% decline MoM, influenced by the ES8 launch in late September [2][5]. - XPeng: Orders fell to 8,500 to 8,700, a 6% decrease WoW and 24% MoM [3][5]. - Tesla China: Orders surged to 22,500 to 22,700, marking a 50% increase WoW and 32% MoM, driven by the launch of the long-range Model Y [3][5]. - Zeekr: Orders plummeted to 8,800 to 9,000, a 53% decrease WoW and 64% MoM, with attention on an upcoming privatization [4][5]. - Leapmotor: Orders increased to 12,000 to 12,200, a 20% rise WoW but a 29% decline MoM [3][5]. Market Dynamics - The overall order intake for the week was slow, despite being the peak season, indicating potential challenges ahead [5][8]. - Several original equipment manufacturers (OEMs) have phased out compensatory incentives to mitigate potential purchase tax hikes expected next year [8]. - Local governments are reducing trade-in subsidies, which may further impact demand [8]. - OEMs are focusing on conserving orders in anticipation of a downturn in Q1 2026 while managing tight battery supply to ensure deliveries [8]. Additional Insights - The report indicates a cautious outlook for the industry, with demand trends suggesting a potential slowdown in the coming months [5][8]. - The data reflects a broader trend of fluctuating demand in the EV market, influenced by product launches, government policies, and market conditions [5][8]. This summary encapsulates the key points discussed during the conference call, providing insights into the current state and future outlook of the China Autos & Shared Mobility sector.