On the news front, car companies announced their October sales figures in early November. Thanks to the dual incentives of the car trade in policy and local exchange subsidies, as well as the golden consumption cycle of the National Day holiday, the popularity of the new energy vehicle market continued to rise in October, and the car market ushered in a year-end sales boom.

BYD, Geely Automobile, Zero Run Automobile, Xiaopeng Motors, Xiaomi Automobile, Jike, Lantu Automobile, Zhiji Automobile, Avita, Jiyue and other car companies all set new monthly sales records in October, and traditional car companies' new energy sales also generally reached historical highs.

One month ago, BYD had just surpassed the sales milestone of 400000 vehicles. In October, BYD's sales exceeded 500000 units for the first time, reaching 503000 units, a year-on-year increase of 66.2%, setting a new record for monthly sales growth; The cumulative sales volume in the first 10 months of this year was 3.2505 million vehicles, a year-on-year increase of 36.49%, and 90% of the annual sales target of 3.6 million vehicles has been achieved.

From the table, it can be seen that among the 15 car companies in the statistics, the majority showed a month on month upward trend. Among them, Avita, Zhiji, and Xiaomi, the three car companies, performed relatively well and achieved doubled growth. Only three car companies, Serys, Ideal, and NIO, have experienced a decline, but fortunately the magnitude is not significant, only within 5%.

The China Association of Automobile Manufacturers (CAAM) previously pointed out that research on dealerships showed a significant increase in end-to-end customer flow during the "National Day" holiday period, with an overall trend better than the same period last year. The penetration rate of new energy is expected to increase week by week within the month, which is different from the previous pace. The penetration rate for the whole month of October will also remain high. According to the sales data of major car companies in October, the results meet the expectations of the above survey. Overall, for most car companies, the performance in October is still acceptable.

BYD

BYD sold 502657 new energy vehicles, a year-on-year increase of 66.53%; The sales volume of new energy vehicles in the first ten months was 3250532, a year-on-year increase of 36.49%. In terms of segmentation, there are 189614 pure electric vehicles and 310912 plug-in hybrid vehicles. BYD's passenger car sales in October were 500526 units, compared to 301095 units in the same period last year, a year-on-year increase of 66.24%. From January to October this year, BYD sold 3.237 million passenger cars, an increase of 36.5% compared to the same period last year.

Ideal car

Ideal Auto delivered 51443 new vehicles, a year-on-year increase of 27.3%, slightly lower than the 53709 vehicles in September. In 2024, Ideal delivered a total of 393255 new cars. Ideal Auto's Q3 2024 financial report shows that both revenue and delivery volume have reached historic highs. Among them, the delivery volume of Ideal Automobile reached 152800 units, a year-on-year increase of 45.4%; Revenue of 42.9 billion yuan, a year-on-year increase of 23.6%; Net profit of 2.8 billion yuan, profitable for eight consecutive quarters.

Hongmeng Zhixing

Hongmeng Zhixing has delivered 41643 new vehicles across its entire lineup. Among them, the new M7 model from Wenjie was scheduled to exceed 20000 units in October and delivered over 170000 units annually. On November 15th, at the Guangzhou International Auto Show, HarmonyOS will debut with a brand new product lineup, further expanding its product family.

Guangqi Ai'an

Guangzhou Automobile Aion's global sales exceeded 40052 units in October. Since the start of pre-sales at the end of September, AION RT has received over 28000 pre-sale orders and will be launched on November 6th. In the field of intelligent driving, GAC Aion's L4 level autonomous driving has started operational testing and is expected to launch user oriented L4 level autonomous driving technology in 2027.

Zero Run Car

Zero Run delivered 38177 vehicles, a year-on-year increase of 109.7%. In October, the monthly order volume of Zero Run cars was 42000, with orders for the C10, C11, and C16 models all exceeding 10000. On October 17th, the 500000 production car of Zero Run was officially launched.

Deep Blue

The order for all models of Deep Blue is 36277 units, and 27862 units have been delivered. The orders for the Deep Blue S05 exceeded 10000 within 10 days of its launch, while the orders for the Deep Blue S07 reached 47952 units within 3 months of its launch. All models achieved good sales results.

Zeekr

Jike delivered a total of 25049 vehicles in October, setting a new historical high with a year-on-year increase of 92% and a month on month increase of 17%. From January to October this year, Jike delivered a total of 167922 vehicles, a year-on-year increase of 82%. At the same time, Jike has released a limited time car purchase right for November, covering all models, with 0 down payment, 0 interest, and 0 waiting time, saving up to 110000 yuan. Under the attraction of promotional benefits, Jike's orders in November are expected to continue to break new highs.

Xiaopeng Motors

Xiaopeng Motors delivered a total of 23917 new cars, a year-on-year increase of 20% and a month on month increase of 12%. From January to October, Xiaopeng Motors delivered a total of 122478 new cars, a year-on-year increase of 21%.

NIO Motors

NIO delivered 20976 new cars, which remained basically unchanged compared to September. NIO delivered 170257 new cars from January to October, a year-on-year increase of 35.05%. NIO brand delivered 16657 new cars in October; Ledao L60 delivered 4319 new vehicles in the first full delivery month of October.

Xiaomi Auto

The delivery volume of Xiaomi SU7 exceeded 20000 units in October, and it is expected to achieve the annual delivery target of 100000 units ahead of schedule this month. In May of this year, Xiaomi Auto revised its annual sales target to guarantee a minimum of 100000 vehicles by 2024 and strive for 120000 vehicles.

SAIC Volkswagen ID family

SAIC Volkswagen ID The delivery volume of the series reached 14286 units in October, an increase of 6% compared to the previous month, winning the joint venture pure electric sales championship. It is worth mentioning that the SAIC Volkswagen ID.3 lithium iron phosphate battery version has completed the application and is expected to have a price reduction.

BAIC Arctic Fox

The sales volume of BAIC Jihu was 11122 units, with a slight increase compared to the previous period; The cumulative sales volume from January to October was 57863 vehicles, a year-on-year increase of 218.6%. In April of this year, BAIC Group announced that its R&D investment will exceed 100 billion yuan by 2030, with a focus on new energy and intelligent fields, effectively supporting the long-term development of Jihu.

Lantu

Lantu Motors has sold over 10000 vehicles for two consecutive months, delivering 10157 new cars in October and achieving six consecutive increases. From January to October, Lantu Automobile delivered a total of 62705 vehicles, a year-on-year increase of 87%.

Avita

Avita sold 10056 vehicles in October, marking the first time Avita's monthly sales have exceeded the 10000 vehicle mark. Avita has currently launched three products, Avita 11, Avita 12, and Avita 07, and has successfully completed three rounds of financing. It has also invested 11.5 billion yuan in Huawei Yinwang, becoming the second largest shareholder of Huawei Yinwang. The C round is currently underway, with a financing scale of 10 billion yuan and a post investment valuation of over 30 billion yuan.

Zhiji Automobile

Zhiji Automobile sold 10001 units in October, a year-on-year increase of 149% and a month on month increase of 121%. The newly launched LS6 has entered the fast lane of high-volume growth. At the recent "Intelligent Driving Technology Day", Zhiji Automobile officially announced its entry into a new era of "intuitive" intelligent driving. The "one-stop intuitive intelligent driving model" jointly created by Zhiji Automobile and Momenta makes Zhiji Automobile a brand with L2, L3, and L4 level intelligent driving production capabilities.