In Malaysia's SUV market, many buyers often use Proton X50 and Chery Tiggo 8 PHEV to compare when choosing a car. The two cars are quite close in price and positioning, so today we will conduct a detailed comparison from multiple aspects to help you save time on research.

Price and Versions

Proton X50's OTR price in Malaysia is RM 89,800 - 113,300, with a total of 4 versions, including 1.5T Executive (RM 89,800), 1.5T Premium (RM 101,800), 1.5T Flagship (RM 113,300) etc.

Chery Tiggo 8 PHEV's OTR price in Malaysia is RM 159,750 - 159,750, with a total of 2 versions, including 1.6L Turbo Standard (RM 130,000), 1.6L Turbo Premium (RM 145,000) etc.

In terms of price, Proton X50's starting price is indeed RM 69,950 cheaper than Chery Tiggo 8 PHEV. If your budget is limited, Proton's entry-level version can already meet daily needs. But also note, the savings of a few thousand might involve trade-offs in specifications, it depends on your needs.

Power and Fuel Consumption

Proton X50 is equipped with 1.5L 4-cyl, horsepower 105 hp. Official fuel consumption 6.0 L/100km.

Chery Tiggo 8 PHEV is equipped with Hybrid, horsepower 170 hp. Official fuel consumption 4.5 L/100km.

Regarding power, Chery Tiggo 8 PHEV's Hybrid has 65 more horsepower than Proton X50's 1.5L 4-cyl. However, for daily city driving, the power of both cars is sufficient, you won't feel underpowered.

Space and Comfort

Proton X50 body length 4400 mm, trunk 400 L.

Chery Tiggo 8 PHEV body length 4400 mm, trunk 400 L.

The dimensions of both cars are almost the same, the difference in interior space is not significant. For cars in this class, daily use is fully sufficient.

Maintenance and Upkeep

Proton X50 warranty 5 years/150,000km, service interval every 10,000km or 6 months.

Chery Tiggo 8 PHEV warranty 3 years/100,000km, service interval every 10,000km or 6 months.

Summary

Overall, Proton X50 and Chery Tiggo 8 PHEV are both very good models in the Malaysian market. Which one to choose depends mainly on your personal needs and budget. We suggest you do your research, compare quotes from a few dealerships, and then go for a test drive to make the final decision. Buying a car is a major matter, spending some time on research will definitely not be a mistake.

喺馬來西亞嘅 SUV 市場，好多買家喺揀車嗰陣都會拿寶騰 X50 同奇瑞 Tiggo 7 Pro 嚟做比較。這兩款車喺價位同定位上都幾接近，今日我哋就從多個方面做一個詳細比較，幫您省做功課嘅時間。

價錢同版本

寶騰 X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，一共有 4 個版本，包括 1.5T Executive（RM 89,800）、1.5T Premium（RM 101,800）、1.5T Flagship（RM 113,300） 等。

奇瑞 Tiggo 7 Pro 喺馬來西亞嘅 OTR 售價係 RM 123,750 - 123,750，一共有 2 個版本，包括 1.6L Turbo Standard（RM 125,000）、1.6L Turbo Premium（RM 140,000） 等。

從價錢來看，寶騰 X50 嘅起步價確實比奇瑞 Tiggo 7 Pro 平咗 RM 33,950。如果你預算有限，寶騰嘅入門版已經可以滿足日常需要。但都要留意，平嗰幾千蚊，可能喺配備上會有取捨，具體要看你嘅需要。

空間同舒適度

寶騰 X50 車身長 4400 mm，車尾箱 400 L。

奇瑞 Tiggo 7 Pro 車身長 4400 mm，車尾箱 400 L。

兩款車嘅尺寸幾乎一樣，車內空間分別唔大。呢個級別嘅車，日常使用完全夠用。

配備同科技

寶騰 X50 採用 4WD 驅動方式。

奇瑞 Tiggo 7 Pro 採用 FWD 驅動方式。

寶騰嘅 4WD 同奇瑞嘅 FWD 喺操控上會有唔同感覺，建議試駕對比。

適合邊種人

寶騰 X50 同奇瑞 Tiggo 7 Pro 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先最重要。

總結

總嘅嚟講，寶騰 X50 同奇瑞 Tiggo 7 Pro 都係馬來西亞市場好唔錯嘅車型。揀邊一輛，關鍵都係睇你嘅個人需求同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。

喺馬來西亞嘅 SUV 市場，好買家喺揀車嗰陣都會將 Proton X50 同 Mazda CX-30 嚟做比較。呢兩款車喺價位同定位上都好接近，而家我哋就由多個方面做個詳細比較，幫你省咗做功課嘅時間。

價格同版本

Proton X50 喺馬來西亞嘅 OTR 售價係 RM 89,800 - 113,300，一共有 4 個版本，包括 1.5T Executive（RM 89,800）、1.5T Premium（RM 101,800）、1.5T Flagship（RM 113,300） 等。

Mazda CX-30 喺馬來西亞嘅 OTR 售價係 RM 122,409 - 146,409，一共有 4 個版本，包括 2025 2.0L High+ Premium（RM 146,409）、2025 2.0L High+（RM 138,409）、2025 2.0L High（RM 130,409） 等。

由價錢睇，Proton X50 嘅起步價確實比 Mazda CX-30 平咗 RM 32,609。如果你預算有限，Proton 嘅入門版已經可以滿足日常需要。但都要注意，平嗰幾千塊，可能喺配備上會有取捨，具體要看你嘅需要。

配置同科技

Proton 採用 4WD 驅動方式。

Mazda CX-30 採用 FWD 驅動方式。

Proton 嘅 4WD 同 Mazda 嘅 FWD 喺操控上會有唔同感受，建議試駕比較。

保養同維護

Proton X50 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

Mazda CX-30 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

兩款車嘅保修條件一樣，呢方面唔使糾結。實際保養成本仲要看品牌嘅服務網絡同零件價格，建議去車友群問問真實車主嘅經驗。

適合邊種人

Proton X50 同 Mazda CX-30 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，就揀配置更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先至係最重要。

總結

總括嚟講，Proton X50 同 Mazda CX-30 都係馬來西亞市場幾唔錯嘅車型。揀邊一輛，關鍵仲係要看你嘅個人需要同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕做最終決定。買車係件大事，花少少時間做功課絕對唔會錯。

In Malaysia's SUV market, many buyers compare Proton X50 and Toyota Yaris Cross when choosing a car. These two cars are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.

Price and Versions

The OTR price for Proton X50 in Malaysia is RM 89,800 - 113,300, with a total of 4 versions, including 1.5T Executive (RM 89,800), 1.5T Premium (RM 101,800), 1.5T Flagship (RM 113,300) etc.

The OTR price for Toyota Yaris Cross in Malaysia is RM 99,900 - 109,900, with a total of 2 versions, including 2026 1.5L Standard (RM 99,900), 2026 HEV 1.5L Standard (RM 109,900) etc.

In terms of price, the starting price of Proton X50 is indeed RM 10,100 cheaper than Toyota Yaris Cross. If your budget is limited, Proton's entry-level version can already meet daily needs. However, be aware, that difference of a few thousand might involve trade-offs in features, depends specifically on your needs.

Power and Fuel Consumption

Proton X50 is equipped with 1.5L 4-cyl, 105 hp. Official fuel consumption 6.0 L/100km.

Toyota Yaris Cross is equipped with 1.5L 4-cyl, 105 hp. Official fuel consumption 6.0 L/100km.

Both cars use the same powertrain, the driving feel in daily use is basically no different. Fuel consumption is also about the same, no need to worry too much about this point.

Safety Features

Proton X50 safety rating is 5★ (ASEAN NCAP), active safety systems include ADAS (ACC, AEB, LKA, LDA, BSM, RCTA).

Toyota Yaris Cross safety rating is 5★ (ASEAN NCAP), active safety systems include TSS.

Both cars' safety ratings are the same, safety features are considered quite complete for this class. New cars now are not lacking in safety, no need to worry too much about this point.

Maintenance and Warranty

Proton X50 warranty 5 years/150,000km, maintenance interval every 10,000km or 6 months.

Toyota Yaris Cross warranty 5 years/unlimited mileage, maintenance interval every 10,000km or 6 months.

Suitable For Whom

Proton X50 and Toyota Yaris Cross are both mainstream choices in the Malaysian market, suitable for family use, daily commuting. If you value brand reputation and resale value more, you can prioritize the one with better reputation; if you value value for money and features more, then choose the one with richer configuration. Ultimately it is suggested to test drive both, personal experience is the most important.

Summary

Overall, Proton X50 and Toyota Yaris Cross are both very good car models in the Malaysian market. Which one to choose, the key still depends on your personal needs and budget. It is recommended to do research, compare quotes from several car dealers, then go test drive to make the final decision. Buying a car is a major decision, spending time on research will definitely not go wrong.

三千萬呢個數字，對好多個人嘅意義都唔一樣，如果講係財富，嗰個人基本上只要唔出錯就可以一生衣食無憂；如果描述城市人口嘅話，三千萬可以話係超大城市，做到呢啲肯定係有好好吸引人嘅因素。如果對車企嚟講嘅話，呢個係一個巨大嘅里程碑，而家要講嘅廣汽就係咁一個企業。

二零二六年七月十六日，隨著一台右軚版傳祺 M8 PHEV 駛下生產線，廣汽集團正式達成第三千萬輛整車落線嘅里程碑，成為繼一汽集團、上汽集團、東風汽車、長安汽車之後，國內第五間躋身「三千萬輛俱樂部」嘅車企集團。

喺呢 29 年入面，廣汽究竟做啱咗啲乜嘢呢，開車君認為有四點。首先係分階段跨越，喺成立初期廣汽透過本田、豐田兩大合資項目，學識咗全球最先進嘅製造與管理體系，完成咗由「地方車企」到「行業重要力量」嘅身份躍遷。

圖：為廣汽立下汗馬勞績嘅功臣——第六代本田雅閣 CG5 同第六代豐田凱美瑞 XV50。

其次係喺廣汽合資板塊成功之後，亦開始塑造自有品牌——傳祺，該品牌嘅誕生打破咗「廣東只會造合資車」嘅固有印象，M8 系列以 45 萬輛成績穩居中國豪華 MPV 銷量榜首，證明咗自主品牌向上突破嘅能力。

圖：傳祺 M8。

喺傳祺之後就係電動車嘅時代嚟到，埃安、昊鉑兩大新能源品牌嘅獨立運營，令廣汽喺電動化賽道完成咗由「跟隨者」到「挑戰者」嘅轉變。廣汽埃安智能生態工廠成為全球首座新能源汽車「燈塔工廠」，標誌住中國新能源製造已經達到世界領先水平。

圖：昊鉑 GT。

而而家廣汽又有一個新階段嘅分支，就係同華為聯手打造「啟境」品牌，廣汽將自己喺整車製造、底盤調校、品質管控領域 29 年嘅積累，同華為喺智能化領域嘅技術優勢深度融合，探索出咗一條「傳統大廠 + 科技巨頭」嘅跨界協同新範式。四次跨越，每一次都係廣汽對自身邊界嘅突破，亦係對中國汽車產業轉型路線嘅實踐探索。

圖：啟境 GT7。

第二點係出海，雖然出海係而家國內車企常做嘅嘢，但廣汽有一點係做靚嗰啲，就係體系出海，這一點我哋可以從廣汽嘅海外工廠分佈就睇得出，因為廣汽泰國、馬來西亞、尼日利亞等海外工廠同步落線嘅係完全配合當地市場嘅車款，例如配合泰國、馬來西亞等地區嘅右軚車款，以及適應非洲氣候嘅尼日利亞工廠等等。

圖：廣汽埃安泰國工廠。

除咗海外工廠以外，廣汽嘅出口業務都幾出色。二零二六年上半年，廣汽自主品牌出口 12.15 萬輛，同比上升 132%，已經接近去年全年嘅水平。呢個增速喺行業中名列前茅。更加值得關注嘅唔係數字本身，而係數字背後嘅體系能力：廣汽喺海外已經建成 746 間銷售服務網點、6 座海外生產工廠、9 個零件倉庫，覆蓋 110 個國家同地區，形成咗由研發配合、本地化生產到終端銷售、售後服務嘅全價值鏈運營能力。

喺泰國市場，廣汽 6 月銷量按月勁增 207%，多款右軚車款已經實現本地化生產；喺歐洲市場，廣汽穩步搭建起由生產到銷售嘅全鏈路運營體系，新能源產品正逐步進入核心國家市場。呢種「研產供銷服」一體化嘅出海模式，同早期中國車企以 CBU（整車出口）為主嘅簡單貿易形式已經唔可以同日而語。

圖：廣汽董事長馮興亞先生把第 3000 萬輛落線嘅傳祺 M8 PHEV 嘅車匙交給車主，泰國國際巨星 Tony Jaa（托尼賈）先生。

放眼二零三零年，廣汽計劃進入全球 120 個國家同地區，建成超過 2000 間海外網點，實現年銷量 100 萬輛。如果呢個目標達成，廣汽將真正完成由「中國本土車企」到「全球化汽車集團」嘅蛻變。

喺三千萬輛嘅新起點上，廣汽無疑仍面對一系列考驗：合資板塊點樣喺行業變革中穩住基盤？自主品牌點樣喺激烈競爭中持續擴大市場份額？海外業務點樣由「高增長」走向「高價值」？但係呢啲考驗並唔係廣汽獨有，而係整個中國汽車產業喺深度轉型期面對嘅共同命題。

廣汽嘅價值喺於，佢提供咗一個獨特嘅觀察樣本：一個透過合資合作完成原始積累、透過自主創新實現品牌向上、透過智能化轉型擁抱產業變革、透過全球化佈局參與國際競爭嘅中國車企，喺三十年時間入面所能達到嘅高度同可能性。

三千萬永遠唔係終點，呢個數字係中國汽車工業由「汽車大國」邁向「汽車強國」進程中嘅一個坐標，亦係廣汽由「三千萬輛」走向「全球化科技集團」嘅新起點。當中國汽車品牌喺全球舞臺重新定義「中國製造」嘅內涵嘅時候，廣汽嘅三千萬，係一份值得被認真對待嘅答卷。

In the Malaysia SUV market, many buyers compare Perodua Aruz and Mazda CX-5 when choosing a car. These two cars are quite close in price and positioning. Today, we will make a detailed comparison from multiple aspects to help you save time on research.

Price and Versions

Perodua Aruz OTR price in Malaysia is RM 72,900 - 77,900, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), etc.

Mazda CX-5 OTR price in Malaysia is RM 135,469 - 166,760, with a total of 3 versions, including 2025 2.0L AT 35th Anniversary (RM 316,154), 2025 2.0L AT (RM 296,154), 2025 2.0L MT (RM 294,154), etc.

From a price perspective, Perodua Aruz's starting price is indeed RM 62,569 cheaper than Mazda CX-5. If your budget is limited, Perodua's entry-level version can already meet daily needs. However, keep in mind that the few thousand difference, there might be trade-offs in specifications, depending on your needs.

Power and Fuel Consumption

Perodua Aruz is equipped with 1.5L 4-cyl, 105 hp. Official fuel consumption 6.0 L/100km.

Mazda CX-5 is equipped with 1.5L Turbo, 140 hp. Official fuel consumption 7.0 L/100km.

In terms of power, Mazda CX-5's 1.5L Turbo has 35 more horsepower than Perodua Aruz's 1.5L 4-cyl. However, for daily driving in the city, both cars have sufficient power, you won't feel like there's not enough power.

Space and Comfort

Perodua Aruz body length 4400 mm, trunk 400 L.

Mazda CX-5 body length 4500 mm, trunk 450 L.

In terms of space, Mazda CX-5's body is 100 mm longer than Perodua Aruz, with more advantage in seating space. However, Perodua Aruz is a bit more flexible for parking in the city, each has trade-offs.

Maintenance and Service

Perodua Aruz warranty 5 years/150,000km, service interval every 10,000km or 6 months.

Mazda CX-5 warranty 5 years/150,000km, service interval every 10,000km or 6 months.

The warranty conditions for both cars are the same, no need to worry about this aspect. Actual maintenance costs also depend on the brand's service network and part prices. Suggest asking real owners in car owner groups for experience.

Conclusion

Overall, Perodua Aruz and Mazda CX-5 are both very good models in the Malaysia market. Which one to choose depends on your personal needs and budget. It is recommended to do your homework, compare quotes from several car dealers, and then test drive to make a final decision. Buying a car is a big matter, spending some time doing research will definitely not be wrong.

In the Malaysian SUV market, many buyers compare Perodua Aruz and Honda WR-V when choosing a car. These two cars are quite close in price and positioning. Today we will make a detailed comparison from multiple aspects to help you save time on research.

Price and Versions

Perodua Aruz's OTR price in Malaysia is RM 72,900 - 77,900, with a total of 2 versions, including 1.5L X (RM 72,900), 1.5L AV (RM 77,900), etc.

Honda WR-V's OTR price in Malaysia is RM 89,900 - 107,900, with a total of 4 versions, including 2023 1.5L V (RM 99,900), 2023 1.5L E (RM 95,900), 2023 1.5L S (RM 89,900), etc.

From the price perspective, Perodua Aruz's entry price is indeed cheaper by RM 17,000 compared to Honda WR-V. If your budget is limited, Perodua's entry version already meets daily needs. However, note that the difference of a few thousand might involve trade-offs in features, depending on your specific needs.

Space and Comfort

Perodua Aruz body length 4400 mm, trunk 400 L.

Honda WR-V body length 4400 mm, trunk 400 L.

The dimensions of both cars are almost the same, interior space difference is not large. For this level of car, it is fully sufficient for daily use.

Features and Technology

Perodua Aruz adopts FWD drive mode.

Honda WR-V adopts FWD drive mode.

Both cars have the same drive mode, both are FWD, daily driving experience will not have much difference.

Who is it suitable for

Both Perodua Aruz and Honda WR-V are mainstream choices in the Malaysian market, suitable for family use and daily commuting. If you value brand reputation and resale value more, you can prioritize the one with better reputation; if you care more about value for money and features, choose the one with richer configurations. Ultimately, it is recommended to test drive both, as personal experience is the most important.

Conclusion

Overall, Perodua Aruz and Honda WR-V are both quite good models in the Malaysian market. Which one to choose mainly depends on your personal needs and budget. We suggest you do your homework, compare quotes from multiple dealerships, then test drive to make a final decision. Buying a car is a big matter, spending some time doing homework will never be a wrong choice.

喺市場撕裂中穩如泰山。

如果講用幾個詞來形容 2026 年上半年中國汽車市場，承壓、撕裂再準確唔過。

國內乘用車零售大盤下滑近 20%，價格戰硝煙未散，社零總額直接被汽車類拖累成負增長；國外歐盟汽車反補貼關稅擴容落下，中東等地區局勢依然變幻莫測。

然而，一邊係汽車行業寒冬嘅背景，另一边卻係券商機構頻繁加倉，竟然同時喺一家上市車企身上交匯。

呢種看似巨大嘅背離，恰恰指向一個深層問題，就係資本市場同投資者喺呢家上市車企身上睇到咗咩，係同行所唔具備嘅。

《汽車 K 線》認為，今年上半年，吉利汽車展現出驚人嘅體系力、確定性同穩定性，以及有洞見嘅前瞻性；喺行業上升期或許唔顯山露水，但喺下行週期中，佢就係穿越風浪嘅壓艙石；所以市場短期係一台投票機，長期嚟講係一台稱重機。

01

7 月 1 日，吉利汽車（0175.HK）交出一份成績單，走出咗獨立行情，年初至今，該公司成為唯一上漲嘅港股汽車股。

呢喺《汽車 K 線》統計嘅汽車業上市公司乘用車板塊中，絕無僅有。

公告顯示，吉利汽車 6 月銷量 24.08 萬輛，連續四個月同環比雙增長；上半年累計突破 142.29 萬輛，增長 1%（喺中國上市車企銷量前三中唯一正增長）；新能源滲透率衝至 67%；海外出口累計同比暴增 158%，單月首破 10 萬輛創造歷史；極氪品牌單車均價近 35 萬元，超越 BBA……

內需市場承壓，吉利汽車逆勢增長；汽車行業洗牌，佢則已經實現結構優化。喺《汽車 K 線》睇來，呢份超穩表現嘅答案就喺過去兩年，李書福同吉利管理層主導「一個吉利」體系力建設帶來嘅戰略確定性。

尤其係由海外爆發到豪華破局，由多路徑技術到大出行生態，再到汽車運動嘅突破同代際傳承，吉利汽車用五大維度織成咗一張穿越週期嘅體系之網。

而當前汽車政策環境中浮現嘅新變數——油價下跌、車船稅改革預期同油電同權討論等，正為吉利嘅呢張網增添新嘅張力。

02

筆者翻看吉利汽車發布嘅公告，最亮眼嘅莫過於吉利汽車海外市场大爆發。

6 月，吉利汽車出口 10.28 萬輛，單月首破 10 萬輛，同比大增 157%，海外銷量佔比升至 42.7%。上半年累計出口 47.4 萬輛，同比暴增 158%，超 2025 年全年出口總量。

與其他中國上市車企唔同，吉利汽車呢組數字背後係一套產業共生型嘅出海模式。

《汽車 K 線》認為，吉利呢種選擇，更像係輕資產路線，同沃爾沃、寶騰、雷諾韓國、雷諾巴西等深度合作，利用對方現有產能實現技術授權同聯合生產，高效且更容易被接受。

喺歐洲，借助沃爾沃工廠實現領克、極氪當地生產，有效規避關稅壁壘；喺東南亞，星願喺印尼國產化率達 46.5%，深度融入本土供應鏈；喺拉美，雷諾吉利巴西公司已投產。

目前，吉利已喺 100 多個國家同地區鋪設超 1900 家網點，喺歐洲近 20 個主流市場完成品牌布局。

因此，上半年出口爆發式增長，唔係單一爆款嘅偶然拉動，而係產研供銷全鏈路本地化體系規模化產出嘅必然結果。

值得注意嘅係，吉利汽車已將全年出口目標從 75 萬輛提升至 100 萬輛。

03

喺《汽車 K 線》睇來，如果話海外爆發打開咗吉利銷量規模空間，令吉利汽車成為中國上市車企前三中唯一保持上半年累計銷量正增長嘅企業，那麼極氪品牌高端突破，則決定咗吉利汽車增長質量嘅厚度。

數據顯示，2026 上半年，極氪品牌累計交付 17.8 萬輛，同比大增 97%，成為中國豪華新能源市場銷冠。

正如吉利汽車集團高級副總裁林傑表示，極氪品牌單車均價近 35 萬元，超越 BBA；極氪 9X 平均成交價超 53 萬元，喺中國 50 萬以上豪華車市場，每賣出 3 部就有 1 部係極氪。

《汽車 K 線》認為，支撐極氪品牌價格定位嘅，係非常清晰嘅產品同品牌戰略，以及吉利直營體系試水嘅成功。

而家，極氪徹底鞏固咗 9 系極致豪華、8 系運動豪華、7 系科技豪華嘅高端矩陣，且背後擁有咗一個吉利體系最頂級嘅戰略資源支撐——SEA 浩瀚架構、浩瀚超級電混、AI 數字底盤、千里浩瀚智駕系統。

據悉，極氪 8X 上市即獲 30 萬以上中大型 SUV 口碑冠軍；7X 累計交付超 17 萬輛，喺海外多國問鼎中型豪華 SUV 銷冠；極氪 009 連續兩月蟬聯 40 萬以上純電 MPV 銷冠。

無論係國內定係海外，極氪嘅旗艦 9 系，已經成為明星同企業家等高淨值人群嘅追逐對象。

其實，吉利汽車嘅高端化成果今年一季已經有所展現。數據顯示，吉利汽車單車核心淨利潤達 6429 元，同比增長 30%，創近五年新高；毛利率 17.5%，同比增加 1.8 個百分點。

《汽車 K 線》認為，喺價格戰最激烈週期入面，單車利潤唔降反升，說明真正嘅高端化，係讓核心技術長出品牌溢價。

04

喺吉利逆勢增長之外，一個正喺醞釀嘅政策趨勢值得關注，車船稅改革預期令油電同權正在照進現實。

隨著新能源滲透率持續攀升，國家政策層面開始思考，當新能源車不再係少數派，是否應逐步推進油電同權，讓燃油車同新能源車喺同一稅負框架下公平競爭。

對於完全依賴純電嘅上市車企，這意味著政策護城河收窄；但對吉利咁樣堅持全技術路徑、油電同進嘅上市企業，卻係長期結構性利好。唔止呢，國際油價回落亦喺間接加強吉利汽車嘅競爭力。

當新能源車不再享受特殊優待，市場競爭將從政策驅動回歸產品驅動——中國消費者將更理性地權衡動力性能、使用成本、補能便利等綜合價值。

《汽車 K 線》相信，吉利汽車嘅戰略清醒，令佢喺政策變局中反而受益。

05

吉利中國星系列作為連續 9 年嘅中國品牌燃油車銷冠，上半年累銷超 58 萬輛，儼然係吉利重要嘅利潤同現金流來源。

唔止呢，吉利今年重磅推出嘅 i-HEV 智擎混動彷彿洞悉咗國際風雲變幻，令吉利汽車立於不敗之地，佢兼具燃油車補能便利同電動化節油性能，無需政策傾斜就能同純電車正面競爭。

該技術已確定第四季度全面推进出海，到時吉利汽車將喺海外市场形成對傳統燃油車嘅系統性替代，全面喺海外同日系、韓系頭部車企硬撼。

《汽車 K 線》覺得，油電同權嘅趨勢，唔係喺削弱吉利，而係喺驗證吉利汽車一直以來堅持多路線佈局嘅前瞻性。

當政策天平趨於水平，真正嘅產品力才能浮出水面，吉利喺燃油、混動、純電、醇氫多路線上同時擁有規模化能力同技術儲備，正係佢區別於多數中國上市車企嘅獨特優勢！

06

2026 年，喺《汽車 K 線》睇來，吉利汽車喺賽事版圖上做出咗意味深長嘅佈局，亦係為咗進一步深化全球佈局、打造知名度，同反哺研發。

喺領克 07GT 上市發布會上，林傑宣布該品牌將正式進軍拉力賽場，征戰 WTCE/TCR 賽事多年嘅冠軍使命，交棒畀咗吉利中國星系列旗下嘅星瑞。

筆者認為，領克進軍拉力賽，係一次突破，工程驗證場景由場地賽嘅速度極限拓展至拉力賽嘅生存極限；星瑞接棒 TCR，就係一次傳承，賽道沉澱多年嘅底盤調校數據、動力系統標定同輕量化工藝，將反向注入銷量基盤產品。

呢組佈局，將賽道基因由一個品牌嘅標籤，昇華為整個吉利汽車集團嘅文化資產。當消費者由比參數轉向認品牌，賽道基因同性能信仰將喺長週期內釋放大吉利品牌複利。

07

《汽車 K 線》統計 2026 上半年汽車股走勢發現，汽車板塊股價整體下行超過兩位數，但吉利汽車強勁基本面韌性吸引咗機構密集加倉，亦係數咁少保持上漲嘅汽車股。

有統計顯示，已經有累計 46 家國際機構增倉或建倉，貝萊德、美國世紀投資管理等長線基金喺列。

花旗預計，吉利汽車多款高端車型上市將拉動第二、第三季度毛利率；匯豐研究則預計極氪銷量增長下半年會持續；大和預計「一個吉利」策略下 2026~2028 年盈利增長將高於市場普遍預期。

隨著 8 月半年報發布，基本面同盈利嘅持續兌現，有望推動吉利汽車迎來估值修復嘅重要窗口。

據《汽車 K 線》了解，下半年吉利銀河 TT 會衝擊 C 級純電轎跑市場，銀河戰艦 700 則將開拓硬核越野新品類。

加上新一代電驅技術即將發布，i-HEV 全面推進全球化，極氪 9X 出海首登中東——這張由全球化渠道、高端技術矩陣、油電雙線佈局、立體出行生態同品牌文化信仰織成嘅體系之網，仲會繼續延伸。

AutosKline 觀點:

2026 行至年中之際，當行業洶湧嘅潮水退去，好多人已經唔著內褲，吉利汽車就練出咗腹肌。

文字為【汽車 K 線】原創，內容參考素材源自上市公司公告同行業公開信息（相關公司同機構應有責任對真實性負責）；部分圖片來自網絡，版權歸原作者所有。

本號文章，未經授權，唔可轉載，違者必究。同時，文章內容唔構成對任何人嘅投資建議！股市風險大，投資要謹慎！

喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Perodua Ativa 同 Proton X70 嚟比較。這兩款車喺價位同定位上都好相近，今日我就從多個方面做一個詳細嘅比較，幫你節省做足功課嘅時間。

價錢同版本

Perodua Ativa 喺馬來西亞嘅 OTR 售價係 RM 62,500 - 73,400，一共有 3 個版本，包括 1.0L Turbo X（RM 62,500）、1.0L Turbo H（RM 67,300）、1.0L Turbo AV（RM 73,400）等。

Proton X70 喺馬來西亞嘅 OTR 售價係 RM 106,800 - 122,300，一共有 3 個版本，包括 1.5L Standard 2WD（RM 106,800）、1.5L Executive 2WD（RM 115,800）、1.5L Premium 2WD（RM 122,300）等。

從價錢睇，Perodua Ativa 嘅起價確實比 Proton X70 平咗 RM 44,300。如果你預算有限，Perodua 嘅入門版已經可以滿足日常需求。但都要注意，平嗰幾千蚊，可能喺配備上要有取舍，具體要看你嘅需求。

安全配備

Perodua Ativa 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ASA 3.0 + ACC + LDA + LKA + BSM + RCTA。

Proton X70 嘅安全評級係 5★ (ASEAN NCAP)，主動安全系統包括 ADAS (ACC, AEB, LKA, LDA, BSM, RCTA)。

兩款車嘅安全評級一樣，喺呢個級數入面安全配備都算係好齊全。而家嘅新車安全性都唔差，唔使太擔心這一點。

配置同科技

Perodua Ativa 採用 FWD 驅動方式。

Proton X70 採用 FWD 驅動方式。

兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大區別。

保養同維護

Perodua Ativa 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

Proton X70 保修 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

兩款車嘅保修條件一樣，呢方面唔使糾結。實際保養成本仲要看品牌嘅服務網絡同零件價格，建議去車友群問問真實車主嘅經驗。

適合邊類人

Perodua Ativa 同 Proton X70 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更在意性價比同配備，那就揀配備更豐富嗰款。最終都係建議兩款都去試駕，親身體驗先係最重要嘅。

總結

總括嚟講，Perodua Ativa 同 Proton X70 都係馬來西亞市場好唔錯嘅車型。揀邊一輛，關鍵仲係要睇你嘅個人需求同預算。建議大家做足功課，多比較幾間車行嘅報價，再去試駕做最後決定。買車係件大事，花少少時間做功課絕對唔會錯。

喺馬來西亞嘅 SUV 市場，好多買家喺揀車嘅時候都會拿 Mazda CX-5 同 Chery Tiggo 7 Pro 嚟做比較。呢兩款車喺價位同定位上都幾接近嘅，今日我哋就由多個方面做一個詳細嘅比較，幫你節省做功課嘅時間。

價錢同版本

Mazda CX-5 喺馬來西亞嘅 OTR 售價係 RM 135,469 - 166,760，一共有 3 個版本，包括 2025 2.0L AT 35th Anniversary（RM 316,154）、2025 2.0L AT（RM 296,154）、2025 2.0L MT（RM 294,154） 等。

Chery Tiggo 7 Pro 喺馬來西亞嘅 OTR 售價係 RM 123,750 - 123,750，一共有 2 個版本，包括 1.6L Turbo Standard（RM 125,000）、1.6L Turbo Premium（RM 140,000） 等。

由價錢嚟睇，Chery Tiggo 7 Pro 嘅起步價比 Mazda CX-5 平咗 RM 11,719。老實講，喺呢個價位段，幾千蚊嘅差距其實唔算大，關鍵始終係睇整體嘅性價比同長期使用成本。

配備同科技

Mazda CX-5 採用 FWD 驅動方式。

Chery Tiggo 7 Pro 採用 FWD 驅動方式。

兩款車嘅驅動方式一樣，都係 FWD，日常駕駛感受唔會有太大分別。

保養同維護

Mazda CX-5 保用 5 年/150,000km，保養間隔 每 10,000km 或 6 個月。

Chery Tiggo 7 Pro 保用 3 年/100,000km，保養間隔 每 10,000km 或 6 個月。

適合邊種人

Mazda CX-5 同 Chery Tiggo 7 Pro 都係馬來西亞市場嘅主流選擇，適合家庭使用、日常通勤。如果你更加睇重品牌口碑同二手價，可以優先考慮口碑更好嗰一款；如果你更加重視性價比同配備，那就揀配置更豐富嗰款。最後始終建議兩款都去試駕，親身體驗先至係最重要嘅。

總結

總括嚟講，Mazda CX-5 同 Chery Tiggo 7 Pro 都係馬來西亞市場幾唔錯嘅車型。揀邊一部，關鍵始終係睇你個人需求同預算。建議大家做好功課，多比較幾間車行嘅報價，再去試駕先做最後決定。買車係件大事，花啲時間做功課絕對唔會錯。

車型概覽

東風Friday 值唔值得睇，第一步唔係望牌子或者外形，而係睇佢能唔能夠配合你嘅香港日常。 呢篇會集中講充電節奏同日常通勤，幫你用買家角度篩走唔適合嘅選擇。

零售價 HK$ 171,441、完稅價 HK$ 258,880 令預算位置更清楚，買家可以先估算月供、保險、泊車同日常開支。

購車價格指南

東風Friday 嘅購車預算可以先由 零售價 HK$ 171,441、完稅價 HK$ 258,880 開始計。香港買車唔只係睇車價，月供、保險、牌費、泊車同能源成本都會影響每月壓力。

如果有幾個版本可揀，可以先將 2026 EREV 1.5L 200km 後驅版（HK$ 258,880）、2025 標準版（價格待確認）、2025 BEV 500km 尊貴版（HK$ 258,880） 放喺同一張清單。日常通勤重視舒適同易用，家庭買家就要優先睇後排、尾箱同安全配置。

核心規格重點

睇 東風Friday 嘅規格，重點唔係背數字，而係理解佢喺香港用車場景會帶嚟咩分別。

31.94/64.4 kWh 嘅電池容量，真正意義係可以幫你估算一星期通勤同周末出車要唔要中途補電。 500 km 嘅續航參考，對住喺新界、九龍同港島之間跨區行車嘅用家會更實際。 120/150 kW、240/340 N·m 嘅輸出，令高速併線同短距離超車更有信心。 車長 4600 mm、車闊 1860 mm、車高 1680 mm、軸距 2715 mm 可以幫你預判商場停車場、屋苑車位同後排腿部空間。

優缺點分析

東風Friday 嘅優點唔需要講到天花龍鳳，真正有價值係佢能唔能夠令日常用車更省心：預算位置清楚，方便同同級車直接比較、電池同續航資訊有助安排通勤同補電、動力輸出對高速同上斜更有底氣。

要留意嘅係，要先確認屋苑、公司或常去商場嘅充電條件、香港停車場同窄路使用要留意車身闊度。呢啲唔一定係缺點，但係落訂前應該先諗清楚。

買家常見問題

買 東風Friday 之前，真正要問嘅唔係單一規格，而係佢可唔可以融入你每日嘅生活節奏。

常見疑問係「東風 Friday 支持快充嗎？」簡單講，支持，東風 Friday 由 30% 充到 80% 大約需要 35 分鐘。 放到實際用車，就係要睇佢對通勤、泊車、家庭乘坐同長期成本有幾大幫助。

同級對比內容

將 東風Friday 放入同級車清單時，唔建議只用外形或者品牌光環決定。比較順序可以係：先用 零售價 HK$ 171,441、完稅價 HK$ 258,880 鎖定預算圈、再睇動力係咪足夠應付高速併線同滿載、再比較能源成本同補能便利、最後睇車身大小、座位同尾箱是否適合家人。

咁樣篩選會貼近香港買家真實生活：平日塞車、商場泊車、周末去新界、甚至一家人出入，先係一部車每日要面對嘅考驗。

用車全周期指南

擁有 東風Friday 最重要係先諗清楚充電節奏。屋苑、公司或者常去商場只要有穩定充電選項，電動化用車就會容易相處好多。

如果你主要喺市區行，視野、低速順滑度同泊車輔助會好影響心情；如果經常行高速或跨區，座椅舒適度、隔音同動力從容感會更重要。

車型概覽

比亞迪M9 值唔值得睇，第一步唔係望牌子或者外形，而係睇佢能唔能夠配合你嘅香港日常。 呢篇會集中講值唔值得繼續觀望，幫你用買家角度篩走唔適合嘅選擇。 近期市場討論到「比亞迪又一款MPV即將登陸香港？【2026香港車博會】」，代表呢類車型仍然有一定關注度。

售價仍待確認，買家可以先把佢放入候選名單，等價格落實後再同同級車逐項比較。

購車價格指南

比亞迪M9 目前售價仍未清晰，較理性嘅做法係先睇版本、車身大小同動力形式，等價格落實後再決定值唔值得落訂。

如果有幾個版本可揀，可以先將 2026 標準版（價格待確認） 放喺同一張清單。日常通勤重視舒適同易用，家庭買家就要優先睇後排、尾箱同安全配置。

核心規格重點

睇 比亞迪M9 嘅規格，重點唔係背數字，而係理解佢喺香港用車場景會帶嚟咩分別。

比亞迪M9 現階段最值得留意係車型定位同版本方向，詳細取捨應該等價格同規格更清楚再作決定。

優缺點分析

比亞迪M9 嘅優點唔需要講到天花龍鳳，真正有價值係佢能唔能夠令日常用車更省心：車型定位清楚，適合作為同級比較起點。

要留意嘅係，售價未清晰前唔應該太早用性價比落結論。呢啲唔一定係缺點，但係落訂前應該先諗清楚。

買家常見問題

買 比亞迪M9 之前，真正要問嘅唔係單一規格，而係佢可唔可以融入你每日嘅生活節奏。

如果你重視值唔值得繼續觀望，可以先問三件事：每日泊車會唔會麻煩、家人坐得舒唔舒服、長期開支係咪喺預算內。

同級對比內容

將 比亞迪M9 放入同級車清單時，唔建議只用外形或者品牌光環決定。比較順序可以係：先等售價落實，再決定佢應該同邊個級距比較。

咁樣篩選會貼近香港買家真實生活：平日塞車、商場泊車、周末去新界、甚至一家人出入，先係一部車每日要面對嘅考驗。

用車全周期指南

擁有 比亞迪M9 唔係買車一刻就完結，之後仲有保險、輪胎、保養、泊車同日常能源成本要處理。

如果你主要喺市區行，視野、低速順滑度同泊車輔助會好影響心情；如果經常行高速或跨區，座椅舒適度、隔音同動力從容感會更重要。

In May, China's automotive market overall presented a gentle recovery trend, with domestic brands still being the sales backbone of the market. Recently, BYD, Geely, Chery, Changan, and Great Wall, the top 5 domestic automakers, successively released their monthly performance reports. From the data, these five companies show a general characteristic of "stable total growth, divergence between domestic and international markets, and accelerated new energy penetration". Overseas exports and new energy vehicles have become the most core growth engines; export business has evolved from a "bonus item" to the "core foundation" for some companies. BYD's "dominant leader" status is further consolidated, Chery achieved high growth via exports, Geely's new energy penetration rate broke 56%, Changan focused steadily on balanced development, while Great Wall appeared slightly under pressure during structural transformation.

BYD: Export Hits New High Becomes Biggest Highlight

In May, BYD stood firmly at the top of domestic brands with a monthly sales volume of 383,500 vehicles, maintaining positive growth both year-on-year and month-over-month under a large base. Its two main brands, Dynasty and Ocean, sold a combined 330,200 vehicles, contributing 86.1% of total sales; Fangchengbao's monthly sales broke 30,000 units to reach 30,200, a year-on-year increase of 139.7%, setting a new high for the year; Denza sold 16,300 vehicles, and Yangwang delivered 286 vehicles. From a model perspective, BYD had eight models in May with monthly sales exceeding 20,000 vehicles. The Song Family and Yuan Family both broke 50,000 units, selling 51,370 and 56,691 vehicles respectively. The Sea Lion Family followed closely with 42,615 vehicles, and Seagull sales were also close to 40,000 vehicles.

BYD's biggest highlight in May was exports. Overseas new energy vehicle sales reached 160,600 units, an 80.4% year-on-year increase, accounting for about 42%. The sharp expansion of export scale effectively countered the phased weakness in domestic demand. Cumulative exports from January to May exceeded 620,000 vehicles. High export growth mainly benefited from continued ramping up of overseas factory capacity, improved ocean shipping capacity, and accelerated channel network expansion. In the domestic market, BYD promoted Megawatt Super Charging and intelligent strategies simultaneously—Megawatt charging achieved about 90% charge in 9 minutes; 20,000 super charging stations are planned to be built by 2026; all series models are available with Sky Eye B intelligent driving solutions and city navigation safety fallback plans, accelerating the popularization of high-level intelligent driving. As Gen 2 Blade Battery capacity gradually releases, the company's orders are expected to continue rising.

Chery: Sales Growth Leads the Top 5

Chery Group's total sales volume in May was 247,800 vehicles, a significant year-on-year increase of 20.5%, ranking first in growth speed among the top 5. Exports remained its most core growth engine—May exports reached 181,900 vehicles, an 80.5% year-on-year increase, accounting for 73.4% of total sales that month, continuously breaking the single-month export record for Chinese brands for three months. In terms of new energy, Chery New Energy sold 100,300 vehicles, a 58.8% year-on-year increase. April and May consecutively saw monthly new energy sales breaking 100,000 vehicles.

The strong performance in exports benefited from Chery's long-term deep cultivation of overseas channel advantages and localized operation capabilities. While overseas orders continued to rise, high export growth formed a sharp contrast with domestic sales—Chery's domestic sales in May were only 60,000 vehicles, accounting for one-quarter of total sales. From cumulative data, Chery Group accumulated 1.101 million sales from January to May, but against the annual goal of 3.2 million vehicles, monthly averages need to reach about 420,000 vehicles later, and pressure remains significant.

Geely: New Energy Penetration Rate Breaks 56%

Geely Auto's total sales volume in May was 237,600 vehicles, a 1% year-on-year increase, achieving month-over-month double growth for three consecutive months. In terms of structure, Geely's "New Four Transformations" transformation showed significant results: new energy vehicle sales reached 133,400 units, accounting for 56% of total sales, with new energy share exceeding 50% for four consecutive months.

From sub-brands, performance was significantly divergent. Zeekr brand sales in May reached 34,400 vehicles, a 82% year-on-year increase; Zeekr 9 Series and 8 Series models combined sales approached 50% of total sales, showing bright performance in the high-end market; Galaxy brand sales were 81,700 vehicles; Geely brand sales were 182,500 vehicles, among which China Star Series sales reached 100,800 vehicles; Lynk & Co brand sales were 20,700 vehicles, with new energy vehicle sales share rising to 71%.

In terms of exports, Geely's overseas vehicle exports in May reached 85,100 vehicles, a explosive 184% year-on-year increase, setting a brand single-month export record high. Among exported products, new energy vehicles reached 40,800 units, accounting for nearly half; hybrid and pure electric products have successively landed in Southeast Asia, Middle East, Latin America, and other markets, highlighting the results of global strategy implementation.

Changan: Multi-brand Matrix Balanced Effort

Changan Auto's delivery volume in May was 209,100 vehicles, among which new energy deliveries were 92,400 vehicles, a 5.8% year-on-year increase, with new energy share about 44%. In terms of exports, overseas deliveries reached 70,700 vehicles, a 38% year-on-year increase, becoming another major growth highlight for Changan in May.

In the sub-brand matrix, Changan Qiyuan delivered 34,500 vehicles in May; All-New Q05 delivered 15,800 units, with orders breaking 3,000 units within three days of listing in Thailand; Deepal sales in May were 33,200 vehicles, a 30% year-on-year increase; January to May overseas cumulative sales were 28,700 vehicles, a significant 167% year-on-year increase; Avatr delivered 7,336 vehicles in May; Changan Auto (Gravity) delivered nearly 49,000 vehicles in May.

Changan Auto's balanced layout was fully reflected in May: the fuel car base remained stable, new energy brands Deepal and Qiyuan accelerated volume growth, high-end brand Avatr continued to break through in technical cooperation, and overseas markets simultaneously achieved breakthrough growth. The pattern of five brands working together, driven by both new energy and exports, is initially taking shape.

Great Wall: Overseas Sales Growth Year-on-Year 46.75%

Great Wall Motor's sales in May were 100,400 vehicles, slightly down compared to last May's 102,200 vehicles, making it the only company among the top 5 to show a year-on-year negative growth. From sub-brands, Haval brand sales in May were 55,500 vehicles, remaining Great Wall's most important sales pillar; Tank brand sales were 17,100 vehicles; both Haval and Tank brand sales showed year-on-year declines; Wey brand sold 8,119 vehicles, a 31.78% year-on-year increase, achieving growth against the trend; Ora brand performance was most stunning, with sales of 6,018 vehicles, a significant 206.88% year-on-year increase. In terms of new energy, Great Wall sold 30,400 new energy vehicles in May, with new energy vehicle transformation gradually accelerating.

The overseas market became Great Wall's biggest highlight in May, with overseas sales growing 46.75% year-on-year. Against the background of pressure on the domestic market, strong growth in overseas business effectively made up for the decline in the domestic market. Great Wall Motor's current core contradiction lies in: Haval and Tank, the two traditional main-selling brands, face weak growth, while Wey and Ora brands, although growing notably, have relatively small volume and are not yet enough to support overall growth. How to complete the "relay" between old and new brands is the key issue Great Wall must solve subsequently.

Final Thoughts

From May data, the growth pattern of the top 5 domestic brands has clearly diverged, but there are three common trends worth noting: First, exports have become a key engine for domestic brands to seek stability and growth. Second, new energy transformation is still accelerating, but paths differ among enterprises. Third, technological innovation continues to deepen brand moats. Looking ahead to the second half of the year, competition in the automotive industry will continue to upgrade around these three trends. Although everyone has a common direction, these three trends are all competing for the entire enterprise's industrial chain strength, and the strong will remain strong, which has almost become an inevitable outcome.

BYD officially released the May 2026 production and sales flash report, with new energy vehicles from all brands reaching a monthly sales volume of 383,453 vehicles, a slight increase of 0.26% year-on-year, achieving year-on-year positive growth in monthly sales after ten months; among them, passenger car deliveries reached 376,990 units, surging 19.4% month-on-month, wiping out the pain of previous model iterations, presenting a new pattern where the domestic base is stable, overseas sales are soaring, and high-end brands are scaling up across the board. Amidst the market environment of intensified competition in the domestic new energy sector, Tesla FSD entering China, and an intense launch of independent new products, it has forged a unique structural growth path.

Eight Models Break 20,000 Monthly Sales, Song and Yuan Brands Stabilize at 50,000

The Dynasty and Ocean main brands combined sold 330,215 vehicles in May, accounting for over 80% of the group's total sales, remaining the stabilizer for BYD's sales volume. The full series had 8 models exceeding 20,000 units in monthly sales, covering products from 50,000 entry-level commuter to 200,000 home SUV.

Inside the Dynasty Network, the Yuan family sold 56,691 units, and the Song family 51,370 units. Both crossed the 50,000 threshold, becoming two major sales pillars for the brand, catering to home commuter and urban-rural travel needs; the Qin family followed closely with a stable performance of 28,360 units. The Han and Tang series maintained a volume in the six-thousand range, deeply cultivating the mid-to-large home sedan and SUV niche markets; the brand new model Xia is in the market cultivation phase, delivering 1,810 units monthly, with potential for steady volume growth as channels expand.

The Ocean Network's growth momentum is even more rapid, with 5 models entering the 20,000 club across the series: Sealion 42,615 units, Seal 34,117 units, Seagull 39,919 units, Dolphin 22,260 units, and Song PLUS 27,755 units. Among them, Seagull remains the best-selling entry-level commuter model thanks to its affordable pricing of 60,000-80,000. Sealion, as a new volume model, stands firm at the 40,000 level upon launch, filling the mid-size SUV product gap in the Ocean Network and perfecting the Ocean product tier layout. From commuter small cars to compact SUVs, the two main brands rely on DM-i hybrid and pure electric dual-line technologies to牢牢锁住 the mainstream home market share within 150,000 domestically.

Fang Cheng Bao Year-on-Year Surges 139.7%, Brand Upward Positioning Takes Effect

The high-end matrix of Denza, Fang Cheng Bao, and Yangwang sold a combined 46,489 vehicles in May, officially breaking away from the niche positioning to become a new pivot for BYD's brand premium and profit growth, breaking the industry curse of difficulty in high-end breakthrough for domestic brands.

The off-road brand Fang Cheng Bao sold 30,186 units monthly, surging 139.7% year-on-year, creating a new high in monthly sales since the brand launched. Its Titanium 7 model sold 18,280 units monthly, while Leopard 5 and Leopard 8 output remained stable, continuously squeezing the survival space for joint venture and imported models in the 250,000-400,000 hardcore off-road niche market.

Denza delivered 16,303 units in May, with the MPV benchmark D9 selling 6,721 units, and the Z9 series close to 6,000 units. MPV and mid-to-large sedan dual-line efforts helped them stand firm in the luxury new energy track; the million-level ultra-luxury brand Yangwang continued its steady climb, delivering 286 units that month, a year-on-year increase of 105.8%, completing market verification of the domestic brand ceiling product and forming a full price range product layout from 100,000+ home, 300,000-400,000 off-road, 500,000 luxury MPV to million-level flagship.

Overseas Explosion: 160,600 Units in Single Month, Accounting for Over 40% of Total Sales, Becomes Second Growth Curve

In May, BYD's overseas sales of passenger cars and pickup trucks reached 160,177 units, surging 80.7% year-on-year. Exports accounted for over 42% of the full series total sales, setting a new historical high for brand export and becoming the core driving force to stabilize May overall sales and achieve year-on-year positive growth.

Southeast Asia, Europe, and Latin America became the main incremental markets. Seagull, Song PLUS, and Yuan series continued to top new energy best-seller lists in multiple countries; the SHARK pickup truck exceeded 4,000 units in monthly exports for two consecutive months. Relying on the completion of localization production in Thailand, Brazil, Hungary, and Uzbekistan with four overseas vehicle factories, localized production continues to land, avoiding tariffs while rapidly penetrating terminal channels. Against the background of stock market competition in the domestic auto industry and normalized price wars, the rapidly expanding overseas market effectively counteracts sales volatility brought by domestic model iterations, officially upgrading from a supplementary market to BYD's core growth engine. As of now, BYD's global cumulative new energy vehicle sales have exceeded 16.5 million units, with the globalization map continuously broadening.

Intelligent Driving Empowers Product Iteration, H2 New Products Prepare to Surge Volume

May marked a key node in BYD's intelligent driving landing, with the God's Eye intelligent driving system becoming a core bonus point for models: the number of vehicles with advanced intelligent driving across all brands exceeded 3.15 million, with daily road test data exceeding 200 million kilometers; that month, BYD implemented City Pilot and Smart Parking dual safety backup services, becoming the world's first auto manufacturer to achieve dual intelligent driving backups. Three days after policy implementation, the activation rate of models equipped with the God's Eye system in cities surged 50%. Intelligent driving experience upgrades directly drove in-store order conversion, solidifying product competitiveness for subsequent models to continue volume sales, and facing the intelligent driving market shock brought by FSD entering China.

From data details, BYD's cumulative sales from January to May 2026 were 1,405,039 units, down 20.32% year-on-year. The core reason is that the full series of main models were concentratedly iterated, and the capacity ramp-up of the 2nd Gen Fast Charge Blade Battery was restricted. The new Flash Charge Battery upgraded fast charging and low-temperature performance. Full series iteration models prioritized installing new batteries, but production line retrofitting dragged down capacity release. Order backlogs on popular models and delayed deliveries compressed the May delivery volume to a certain extent.

As the end of the second quarter approaches and the 2nd Gen Blade Battery capacity continues to release, coupled with new models such as Denza N8L, Fang Cheng Bao Titanium 7 Pure Electric Version, Sealion 05, and Xia L landing the market, the industry generally predicts that BYD's full brand sales in June are expected to exceed 400,000 vehicles. Relying on the four-dimension development logic of low-end volume locking share, high-end raising profit, overseas pushing volume, and intelligence improving product power, amidst the intensified new energy elimination round in the domestic market, BYD's full category layout advantage continues to amplify, securing its status as the domestic new energy leader, accelerating steadily towards global top auto manufacturers.

BYD officially released the May 2026 production and sales flash report, with new energy vehicles from all brands reaching a monthly sales volume of 383,453 vehicles, a slight increase of 0.26% year-on-year, achieving year-on-year positive growth in monthly sales after ten months; among them, passenger car deliveries reached 376,990 units, surging 19.4% month-on-month, wiping out the pain of previous model iterations, presenting a new pattern where the domestic base is stable, overseas sales are soaring, and high-end brands are scaling up across the board. Amidst the market environment of intensified competition in the domestic new energy sector, Tesla FSD entering China, and an intense launch of independent new products, it has forged a unique structural growth path.

Eight Models Break 20,000 Monthly Sales, Song and Yuan Brands Stabilize at 50,000

The Dynasty and Ocean main brands combined sold 330,215 vehicles in May, accounting for over 80% of the group's total sales, remaining the stabilizer for BYD's sales volume. The full series had 8 models exceeding 20,000 units in monthly sales, covering products from 50,000 entry-level commuter to 200,000 home SUV.

Inside the Dynasty Network, the Yuan family sold 56,691 units, and the Song family 51,370 units. Both crossed the 50,000 threshold, becoming two major sales pillars for the brand, catering to home commuter and urban-rural travel needs; the Qin family followed closely with a stable performance of 28,360 units. The Han and Tang series maintained a volume in the six-thousand range, deeply cultivating the mid-to-large home sedan and SUV niche markets; the brand new model Xia is in the market cultivation phase, delivering 1,810 units monthly, with potential for steady volume growth as channels expand.

The Ocean Network's growth momentum is even more rapid, with 5 models entering the 20,000 club across the series: Sealion 42,615 units, Seal 34,117 units, Seagull 39,919 units, Dolphin 22,260 units, and Song PLUS 27,755 units. Among them, Seagull remains the best-selling entry-level commuter model thanks to its affordable pricing of 60,000-80,000. Sealion, as a new volume model, stands firm at the 40,000 level upon launch, filling the mid-size SUV product gap in the Ocean Network and perfecting the Ocean product tier layout. From commuter small cars to compact SUVs, the two main brands rely on DM-i hybrid and pure electric dual-line technologies to牢牢锁住 the mainstream home market share within 150,000 domestically.

Fang Cheng Bao Year-on-Year Surges 139.7%, Brand Upward Positioning Takes Effect

The high-end matrix of Denza, Fang Cheng Bao, and Yangwang sold a combined 46,489 vehicles in May, officially breaking away from the niche positioning to become a new pivot for BYD's brand premium and profit growth, breaking the industry curse of difficulty in high-end breakthrough for domestic brands.

The off-road brand Fang Cheng Bao sold 30,186 units monthly, surging 139.7% year-on-year, creating a new high in monthly sales since the brand launched. Its Titanium 7 model sold 18,280 units monthly, while Leopard 5 and Leopard 8 output remained stable, continuously squeezing the survival space for joint venture and imported models in the 250,000-400,000 hardcore off-road niche market.

Denza delivered 16,303 units in May, with the MPV benchmark D9 selling 6,721 units, and the Z9 series close to 6,000 units. MPV and mid-to-large sedan dual-line efforts helped them stand firm in the luxury new energy track; the million-level ultra-luxury brand Yangwang continued its steady climb, delivering 286 units that month, a year-on-year increase of 105.8%, completing market verification of the domestic brand ceiling product and forming a full price range product layout from 100,000+ home, 300,000-400,000 off-road, 500,000 luxury MPV to million-level flagship.

Overseas Explosion: 160,600 Units in Single Month, Accounting for Over 40% of Total Sales, Becomes Second Growth Curve

In May, BYD's overseas sales of passenger cars and pickup trucks reached 160,177 units, surging 80.7% year-on-year. Exports accounted for over 42% of the full series total sales, setting a new historical high for brand export and becoming the core driving force to stabilize May overall sales and achieve year-on-year positive growth.

Southeast Asia, Europe, and Latin America became the main incremental markets. Seagull, Song PLUS, and Yuan series continued to top new energy best-seller lists in multiple countries; the SHARK pickup truck exceeded 4,000 units in monthly exports for two consecutive months. Relying on the completion of localization production in Thailand, Brazil, Hungary, and Uzbekistan with four overseas vehicle factories, localized production continues to land, avoiding tariffs while rapidly penetrating terminal channels. Against the background of stock market competition in the domestic auto industry and normalized price wars, the rapidly expanding overseas market effectively counteracts sales volatility brought by domestic model iterations, officially upgrading from a supplementary market to BYD's core growth engine. As of now, BYD's global cumulative new energy vehicle sales have exceeded 16.5 million units, with the globalization map continuously broadening.

Intelligent Driving Empowers Product Iteration, H2 New Products Prepare to Surge Volume

May marked a key node in BYD's intelligent driving landing, with the God's Eye intelligent driving system becoming a core bonus point for models: the number of vehicles with advanced intelligent driving across all brands exceeded 3.15 million, with daily road test data exceeding 200 million kilometers; that month, BYD implemented City Pilot and Smart Parking dual safety backup services, becoming the world's first auto manufacturer to achieve dual intelligent driving backups. Three days after policy implementation, the activation rate of models equipped with the God's Eye system in cities surged 50%. Intelligent driving experience upgrades directly drove in-store order conversion, solidifying product competitiveness for subsequent models to continue volume sales, and facing the intelligent driving market shock brought by FSD entering China.

From data details, BYD's cumulative sales from January to May 2026 were 1,405,039 units, down 20.32% year-on-year. The core reason is that the full series of main models were concentratedly iterated, and the capacity ramp-up of the 2nd Gen Fast Charge Blade Battery was restricted. The new Flash Charge Battery upgraded fast charging and low-temperature performance. Full series iteration models prioritized installing new batteries, but production line retrofitting dragged down capacity release. Order backlogs on popular models and delayed deliveries compressed the May delivery volume to a certain extent.

As the end of the second quarter approaches and the 2nd Gen Blade Battery capacity continues to release, coupled with new models such as Denza N8L, Fang Cheng Bao Titanium 7 Pure Electric Version, Sealion 05, and Xia L landing the market, the industry generally predicts that BYD's full brand sales in June are expected to exceed 400,000 vehicles. Relying on the four-dimension development logic of low-end volume locking share, high-end raising profit, overseas pushing volume, and intelligence improving product power, amidst the intensified new energy elimination round in the domestic market, BYD's full category layout advantage continues to amplify, securing its status as the domestic new energy leader, accelerating steadily towards global top auto manufacturers.