Nov. 6, Hangzhou. Geely Starlink combined "Global User Music Carnival" and "Geely Xingyuan Million Achievement Fan Rewards Launch Event". 24 months since launch, Geely Xingyuan cumulative sales broke 1 million units. Averaged out, less than one minute to sell one car — this is the fastest new energy vehicle globally to achieve 1 million sales.

From Hit to Benchmark: 2 Years, 1 Million Sales, Redefine "Global Speed"

Launched in October 2024, 1 million units sold in 2 years. This number holds up because it is not an accidental rush in a single month, but the result of stable output across multiple sales cycles.

In 2025, Geely Xingyuan won the sales champion of all categories in the Chinese auto market; in the first half of 2026, it sold 249,418 units, up 21% year-on-year, continuing to hold the title of China's best-selling model. Entering the second half, the pace accelerated: single-month sales broke 60,000 units consecutively in August and September, and October exceeded 70,000 units, setting a historic high for monthly sales. Regardless of brand, regardless of energy source, regardless of level — this is a sales champion without any qualifiers.

Domestic heat extended overseas as well. Currently, Geely Xingyuan has landed in over 30 countries globally, ranking TOP 2 in Chinese New Energy Hatchback Exports for January-June 2026. In Thailand, it is the EV sales champion; in Egypt, it took the A&B class pure EV sales champion for 2 consecutive months; in Mexico, it ranked 2nd in pure EV sales across all categories for 3 consecutive months; in Australia, it held the Hatchback pure EV sales champion title for 2 consecutive months after only 2 months on the market.

Million New Starting Point: Two STAR Limited Edition Models Launched, Million Fan Rewards Released Simultaneously

Behind 1 million units are 1 million lifestyles. The two new models launched in this STAR Limited Edition series are aimed at the personalized needs of young users.

STAR Ace provides Worry-Free Green, Pepsi Orange, and Lustrous Silver; STAR Chill adopts Milk Salt Rice color, paired with a new interior. The two new models have a limited-time rights price of 88,800 Yuan, both equipped with the only electric front trunk and EVA robot in their class, combining personal expression with daily convenience.

For purchase rights, users buying these two new models can enjoy a 3,000 Yuan super trade-in subsidy, and can obtain a STAR exclusive gift package worth 4,099 Yuan for a limited time.

"Million Achievement Fan Rewards" were also released simultaneously: users can participate in a lucky draw by logging into the Geely Starlink App. Prizes include Grandpa's Not Brew Tea Milk Tea Vouchers, Geely Xingyuan Million Sales Commemorative Badges, Geely Xingyuan In-Car Ecosystem Practical Items, Capybara Healing IP Merchandise, and Charging Service Fee Discount Vouchers. Geely Xingyuan side indicated that the STAR Limited Edition series will continue to update, releasing more new models and new experiences.

220,000 km Fielded Vehicle Test: Long-term Reliability is the Quality Confidence Behind "Million Sales"

Features can catch up, foundations cannot be rushed. The confidence of million sales comes from quality that can withstand the dual test of time and mileage.

Geely Xingyuan partnered with CATARC to find a fielded vehicle that had already driven 220,000 km for a 310 km Dream Edition test, focusing on the real status after long-term use.

Under eco mode with AC off in comprehensive road conditions, the range achievement rate for this vehicle driven 220,000 km was 99.7% — the rated range barely discounted, backed by CATL battery cells and liquid cooling temperature control system standard on all models. The Moose Test score was 78.1 km/h, handling stability superior to most new cars in the same class; rear-wheel drive layout, front MacPherson and rear multi-link independent suspension, plus Lotus tuning, keep the chassis stable and controllable even after long-term use.

Regarding battery safety, this fielded vehicle underwent six extreme serial tests: battery health at the battery pack level, high temperature baking, seawater soaking; at the vehicle level, low temperature charge/discharge, bottom impact, dual needle puncture. Results show that after 220,000 km of high-intensity use, battery health remains 91.19%, far exceeding the national standard 200,000 km 70% requirement. Shield Battery Security System, I-shaped Aluminum Alloy Battery Protection Case, Double Well-shaped Rear Subframe form physical protection, liquid cooling temperature control system and BMS 3.0 Battery Doctor responsible for temperature management and status monitoring, multiple safety nets from structure to operation.

Extending Millions of Beauties Continuously: Partner with Users to Launch Season 3 of "Our Xingyuan"

When sales broke 1 million, Geely Xingyuan and owners had another agreement — "Our Xingyuan" Public Welfare Project, originally from the common wish with owners at launch.

Season 1 visited Sichuan Liangshan, Season 2 visited Guizhou Qiannan. Geely Xingyuan and owners built basketball courts and soccer fields for children together.

Season 3 followed the song of Wa Mountains to Masan Village, Simao County, Pu'er, Yunnan. The "Little Sparrow Choir" here has a group of children who love Wa songs, dreaming of singing folk songs on a bigger stage. To fulfill the owners' wish, Geely Xingyuan donated the "Our Xingyuan Music Classroom", and invited these children to Hangzhou to perform on stage with Lang Lang. Besides the performance, Lang Lang also gave music guidance face-to-face to the children, and taught a master class.

From raising the category standard of A0-size cars since launch, to gaining 1 million users in two years, Geely Xingyuan relies on "High Quality Good Price" supported by long-term reliability and cross-level experience. Standing on the new starting point of 1 million vehicles, for the next 1 million, it still has to keep running.

On the morning of October 20, the Geely Galaxy production line at the Xiangtan manufacturing base was operating a double shift, with a new vehicle coming off the line every 55 seconds, where humans rest but the line does not. The 1 millionth Star Wish came off this line; counting from its launch in October 2024, in 24 months, it set a global record for the fastest million-unit speed for new energy vehicles.

Looking at the five nodes laid out, the intervals are getting shorter: Launched in October 2024, 200,000 in May 2025, 600,000 in March 2026, 800,000 in August, 1 million in October; the final 400,000 units took only 7 months. For a scale of 1 million units, it usually takes three to five years globally, and often involves the combined volume of several models under a brand, but Star Wish achieved 1 million units for a single model in 24 months. The production line hasn't changed; what changed is the order speed: Retail sales were 465,775 units in 2025, ranking first in all categories; in the first half of 2026, retail sales were 249,418 units, a 21% year-over-year increase. Extending to January-September, cumulative sales still rank first in all categories in China, with its share in the A0-segment pure electric market exceeding 30%. It sold over 60,000 in both August and September for two consecutive months, and broke 70,000 in October, which is the highest single-month sales volume for this car.

Star Wish has been sold to over 30 countries globally; in January-June 2026, it ranked second in China's new energy hatchback exports. Thailand EV sales champion, Egypt A&B pure electric sales champion for 2 consecutive months, Mexico top 2 in all-category pure electric sales for 3 consecutive months, Australia launched only 2 months and won the Hatchback pure electric sales champion again; these achievements were all secured by this car.

70,000 RMB Level Value Benchmark: Targeted Breakthrough on Three Major Practical Pain Points

From 64,800 to 94,800 RMB, Star Wish is not the cheapest in the A0-segment; it couldn't sell 1 million units in 24 months relying solely on being cheap. It solves three old problems that consumers at this price point have tolerated for years.

First is space, the most commonly criticized pain point for small cars. Star Wish has a length of 4135mm and a wheelbase of 2650mm. The rear floor is completely flat, so if three adults sit in the back, the middle one doesn't need to spread legs the whole way. There is also a 70L front trunk at the front of the car; charging cables, umbrellas, wet rags, and other items that shouldn't enter the cabin finally have a place to put. With the rear seats folded, the cargo space expands from 375L to 1320L, enough to fit a small desk horizontally. Under the passenger seat, there is a 10L drawer; lipstick, wet wipes, charging cables, and other scraps usually scattered on the seats can be stowed away in one go. Vanity mirrors for the driver and passenger both have soft light, so there's no need to find a light before touching up makeup before going out.

Next is the bumpiness issue. Star Wish chassis features a rear-motor rear-wheel drive setup plus a rear multi-link independent suspension; this is not common in 70,000 RMB cars. When going over speed bumps, the two rear wheels go their own way; one presses up while the other doesn't bounce along.

Finally, difficulty in turning around. Star Wish has a minimum turning radius of 4.95 meters, with a maximum front wheel steering angle of 41 degrees. On narrow roads like those in old residential areas, you can turn around in one steering input without needing to back up and then go.

These three features are available on the 64,800 RMB entry version, with no extra cost required.

Maxed-out Hidden Configuration: Cross-Tier Investment in Safety and Quality

The easiest thing to cut costs on in low-priced cars is the battery. Mixed cell assembly at this price point is not rare; the same model uses different suppliers for different batches, and buyers have to rely on luck. Star Wish uses CATL Lithium Iron Phosphate across the line, equipped with liquid cooling. There is also an aluminum alloy protective cabin outside the battery pack. For underbody strikes, scrapes, or wading water, the outer shell breaks first, protecting the cells.

Filling the Brand Matrix: A Key Move for Galaxy to Enter the Entry Market

Geely Galaxy was established in February 2023. The first car, L7, launched in May of that year. It sold 83,000 units in 2023, 494,000 in the second year, and 1.24 million in 2025, increasing more than tenfold in three years; from L7's launch to reaching 1 million annual sales took 29 months, a speed that leaves many new energy brands in the dust.

But during these three years, Galaxy has been missing one piece: no car under 100,000 RMB that can carry volume. E5 holds the 150,000 RMB pure electric SUV segment, Starship 7 holds the hybrid SUV segment, and M9 is responsible for the high end. For a mainstream brand to stand firm, it needs a car that ordinary people can afford at first sight, and Star Wish fills this position.

So, these 1 million units of Star Wish mean more than just adding another hit car for Galaxy; it brings the high quality and good value pitch onto the 70,000 RMB price point, the hardest to work on. By standing firm here, it can fight down and dare to go up.

In Galaxy's 1.24 million units in 2025, Star Wish accounted for 530,000, over 40%. Placed into Geely's annual 3.02 million units and 1.69 million new energy units, it is the backbone; it's not the most expensive in Galaxy, but the one most people recognize first.

After 1 Million Sales: Long-term Stability Supported by System Capability

Star Wish achieving 1 million sales is the strongest proof of the GEA global new energy architecture's success. The proof is not on the drawings, but in Xiangtan, Geely's self-built complete vehicle base. Operated in Hunan for 20 years, auto production and sales in 2025 broke 640,000 units/sets. The supporting Flash-Power battery project has an annual capacity of 10 GWh, and the 1 millionth battery pack comes off the line in 2026. With the whole vehicle and battery in the same city, the support radius is short, ensuring the 55-second-per-unit cadence doesn't break.

Another piece of evidence lies in the hands of users. A 310km Dream Edition Star Wish ran for two years; the odometer reached 220,000 km. In Eco mode with the AC off, running from full charge to empty, the measured range was 309.3 km, a range achievement rate of 99.7%. The same car re-tested the Moose test at 78.1 km/h, compared to 80.7 km/h for a new car. The measured range of EVs is usually 80-90% of the rated range; this car that ran for two years and 220,000 km can still achieve 99.7%, and the Moose test is only 2.6 km/h lower than the new car. The battery and chassis have basically not deviated.

1 million units coming off at light speed shows this line runs fast; whether the 1,000,001st unit's quality is the same truly shows whether the production line is stable.

Conclusion

Selling 1 million units in 24 months is a speed record, but speed itself is not the destination.

1 million units off the line means Star Wish has entered a new stage of scale; the bigger test has just begun. For over 30 countries overseas, the question is whether channels, after-sales, and brand recognition keep up with the car sales speed, and whether localized production is on the agenda. Domestically, where is the ceiling for the A0-segment share? What to rely on to keep the gap after competitors catch up on configuration? Whether the price band will be squeezed from above and pressed from below? All are questions to be answered next.

At least until today, Star Wish's speed has proven two things: the scale space for entry-level pure electric is far from fully released; once product power crosses the 'enough' line, the mass market wants more than the industry thinks. China's new energy competitiveness is shifting from purely competing on price-performance to competing on supply chain efficiency and product definition capability.

I've worked in the auto industry for 20 years, haven't been convinced by many "bestsellers", but this time counts as one

Let me set the scene first. On November 6th, Hangzhou, Geely Galaxy hosted a Global User Music Carnival, and also held a "Million Milestone" celebration for Xingyuan. To be honest, this "Press Conference + Concert + Fan Event" triple combo setup, I've seen too many of these in recent years, usually meaning two things: either the product is genuinely good, or they feel insecure inside and need the hype to cover up.

This time, Xingyuan belongs to the former category.

Let's talk about that number that left me stunned

Listed in October 2024, it took 24 months—exactly two years—to break 1 million units, averaging less than one minute to sell a car. What's a minute like? You haven't even sat in the dealership seat warm enough before the tea cools down, while others have already driven their new cars away. Globally, the New Energy Vehicle that achieved 1 million sales the fastest is this one. This isn't me hyping it, the accounts speak for themselves.

And it's not the "firework-type" competitor that sprints hard one month then fizzes out the next. In 2025, it took the Best-Selling Vehicle Award across all categories in China; in the first half of 2026, it sold 249,418 units, a 21% year-over-year increase, continuing to be the best-selling car in the Chinese market. The second half was even crazier: August and September saw single-month sales break 60,000 for two months in a row, October hit 70,000 directly, refreshing its own single-month record again. Pay attention, the "Sales Champion" tag has no qualifiers—no brand limit, no fuel type limit, no class limit. It lines up with fuel-powered, joint-venture, and luxury cars, standing at the front. Doing this in an A0-class small car is quite rare.

When selling abroad, it didn't falter either

Australia, UK, France... now it has reached over 30 countries globally. From January to June 2026, it ranked second on China's export list for New Energy Hatchbacks. Let me read out a few highlights from its overseas record: Sales Champion for EVs in Thailand, A/B-level pure EV sales champion in Egypt for two consecutive months, ranked second in all-category pure EVs in Mexico for three consecutive months, Australia market launched just two months ago, already took the Hatchback pure EV champion title consecutively. In the past, saying "Made in China Intelligence" sounded a bit like empty slogans. Now these cars are really running on their streets. The gold content of this million figure has spread from domestic to overseas.

Million is a milestone, how does Geely plan to "fulfill the vow"

This time released two STAR Limited Edition Series versions, one called STAR Ace, one called STAR Chill, limited-time special price 88,800 yuan. Ace offered Worry-Free Green, Pepsi Orange, Flowing Light Silver three colors, Chill paired with Creamy Salt Rice interior set. Both cars came with a unique electric frunk in its class, and also included an EVA robot—I can't say if this thing is practical, but young people definitely eat this up. Buying the car also gives 3,000 yuan Super Trade-in Subsidy, plus a limited-time STAR Exclusive Gift Box claimed to be worth 4,099 yuan.

They also did something for fan love: All owners can draw lots on Geely Galaxy App, prizes include Grandpa Doesn't Make Tea milk tea vouchers, Million Sales Commemorative Badge, In-car Ecological Premium Products, Capybara healing-themed merchandise, and Charging Service Fee Discount Coupons. Inviting 1 million people to drink milk tea, frankly, is a posture, but a posture willing to put in this effort is better than just holding oneself high. Geely also said STAR series will continue to change styles and launch new experiences, not letting users chasing the new wait too long.

What I truly admire is having the courage to pull a "old car" on stage for a real test

Anyone can fill out a spec sheet, pretty as it looks, it doesn't count. This time Geely partnered with China Automotive Technology and Research Center to pull a 310 km Dream Edition that the owner actually drove 220,000 km from the road for real testing—note it's an active vehicle, not a display car in the showroom, this is the car's most real look. Result, I list three numbers for you to savor: Eco mode, A/C off, combined driving conditions, range achievement rate 99.7%; Moose Test achieved 78.1 km/h, this handling stability is stronger than many same-class new cars; after driving 220,000 km, battery health state still remains 91.19%, while the National Standard requires for 200,000 km to be "not less than 70%", it exceeds by over 20 percentage points.

It comes standard with CATL cells plus liquid cooling temperature control, the battery, motor, and electronics foundation is stable; chassis is rear-motor rear-wheel drive, front MacPherson rear multi-link independent suspension, plus Lotus involved in tuning, so driven for so long it still holds steady. For the battery, they added a full set of Extreme Serial Tests—battery health state, high-temp baking, seawater soaking, low-temp charging/discharging, underbody impact, dual needle puncture, six tests passed consecutively, all green. Plus God Shield Battery Safety System, Eye-shaped aluminum alloy battery protection compartment, Double Well-shaped rear subframe these physical hard protections, coupled with liquid cooling temperature control and BMS 3.0 Battery Doctor watching temperature and health state. One sentence: Speed is the surface, this "old car" didn't break down, that's the core.

Finally, let's talk about something less "commercial"

Selling a million cars equals a million ways of living. Geely has a "Our Xingyuan" charity project, which was a wish made with owners when it launched. The first two seasons were in Liangshan, Sichuan and Qiannan, Guizhou, building basketball courts and soccer fields for children with owners. This season went to Masan Village, Ximeng County, Pu'er, Yunnan. There is a "Little Sparrow Choir", a group of Wa ethnic children wanting to sing their hometown songs to big stages. Geely donated a "Our Xingyuan Music Classroom", and also brought these children to Hangzhou, performed together on stage with Lang Lang, Lang Lang also gave them face-to-face lessons and held a masterclass.

I'm not good at speaking sentimental words. But a car seller who can remember the user's small wish from the beginning until today and actually makes it happen, in the auto industry, is rarer than holding ten press conferences.

Standing at the one million hurdle, Xingyuan wants to run towards the next one million. I've worked in this line for 20 years, seen too many saying "User First" on their lips. Xingyuan this time at least put together "Fast, Steady, No Tricks"—as for whether the next million can be held, I'll keep watching, next time I'll chat with everyone again.

On November 6, the Geely Galaxy Global User Music Carnival and the Geely Xingyuan Million Achievement Fan Appreciation Rights Launch Event were held in Hangzhou. Two years after launch, Geely Xingyuan cumulative sales exceeded 1 million units, averaging less than one minute per sale, becoming the fastest new energy vehicle globally to achieve 1 million sales.

At the event, Geely Xingyuan launched new variants of the STAR Limited Series — STAR Ace and STAR Chill, with a limited-time rights price of 88,800 yuan. STAR Ace offers three car colors: Worry-Free Green, Pepsi Orange, and Flowing Silver; STAR Chill features a Milk Salt Rice car color matched with brand-new interior. Both new variants are equipped with the class-exclusive electric frunk and EVA Robot. Purchase to enjoy a 3,000 yuan super trade-in subsidy, and receive a STAR exclusive gift pack worth 4,099 yuan limited time.

Geely Xingyuan simultaneously released the "Million Achievement Fan Appreciation Rights": Users can log in to the Geely Galaxy App to participate in the lottery, prizes include Grandpa Doesn't Make Tea milk tea coupons, Geely Xingyuan Million Sales Commemorative Badge, Geely Xingyuan Onboard Ecosystem Premiums, Capybara Healing IP Merchandise, and Charging Service Fee Discount Coupons, etc.

On-vehicle Test of 220,000 Kilometers: Long-term Performance of Three-Electric Systems and Chassis

Geely Xingyuan collaborated with CATARC, conducting an actual test on a 220,000-kilometer 310km Dream Version in-service vehicle to inspect the vehicle condition after long-term use.

Under comprehensive road conditions with energy-saving mode and air conditioning off, the actual test range achievement rate of this vehicle reached 99.7%; All series standard equip with CATL cells and liquid cooling temperature control system, Three-Electric stability verified. Elk test 78.1 km/h, handling stability superior to most same-class new cars; Rear-mounted rear-drive layout, front MacPherson and rear multi-link independent suspension, Lotus tuning, jointly support chassis performance after long-term use.

Focusing on battery safety, in-service vehicles simultaneously completed six major battery limit serial tests: Battery health at the pack level, high-temperature baking, seawater immersion, Whole vehicle level low-temperature charge/discharge, bottom impact, double-needle piercing. After 220,000 km of high-intensity use, battery health is 91.19%, higher than the national standard requirement of 70% at 200,000 km; The safety design of the Aegis Battery Safety System was verified. I-shaped aluminum alloy battery protection cabin and double well-shaped rear subframe are responsible for physical protection, Liquid cooling temperature control system and BMS 3.0 Battery Doctor are responsible for temperature control and status monitoring.

In the first half of 2026, Geely Xingyuan cumulative sales reached 249,418 units, up 21% year-on-year, retaining the title of best-selling model in the Chinese market. Monthly sales in August and September continuously exceeded 60,000 units, October exceeded 70,000 units, setting a new historical record for single-month sales. No limit on brand, no limit on energy, no limit on class, Geely Xingyuan is the sales champion without any modifiers.

Geely Xingyuan has landed in over 30 countries globally including Australia, UK, France, ranking TOP2 in Chinese new energy hatchback exports from January to June 2026; and won Thailand EV sales champion, Egypt consecutive 2 months A&B class pure EV sales champion, Mexico consecutive 3 months all category pure EV second, Australia launched two months consecutively held Hatchback pure EV sales champion.

On November 6, the Geely Galaxy Global User Music Carnival and Geely Xingyuan Million Sales Achievement Fan Reward Rights Launch Event was held in Hangzhou. This pure electric model launched in October 2024 reached cumulative sales exceeding 1 million units in just 24 months, selling one unit on average in less than a minute, becoming the fastest new energy vehicle globally to reach 1 million sales. New versions of the STAR Limited Series were launched simultaneously at the event, and fan reward user rights were released online, marking a new node in brand development through product iteration and user operations.

Domestic Market Continues to Lead, Overseas Markets Gain Widespread Recognition

Behind the million sales is the product's long-term stable market output capability. Geely Xingyuan won the 2025 Chinese Automotive Market All-Category Sales Champion, with cumulative sales of 249,418 units in the first half of 2026, up 21% year-on-year, continuing to secure its position as a best-selling model in the domestic market. Entering the second half, model sales accelerated further, with monthly sales in August and September consecutively exceeding 60,000 units. October monthly sales exceeded 70,000 units, setting a new high for monthly sales since launch and achieving market heat across cycles.

The domestic hot sales trend is simultaneously transmitted overseas. Currently Geely Xingyuan has landed in more than 30 countries globally, ranking second in China's export of new energy hatchback models from January-6 2026. It achieved good results in multiple overseas markets, winning the sales champion in Thailand electric vehicles, being number one in Egypt's A&B class pure electric vehicle sales for two consecutive months, ranking second in Mexico's all-category pure electric vehicle sales for three consecutive months, and winning the local pure electric hatchback sales champion in Australia only two months after launch, becoming a representative product for Chinese new energy small cars going global.

STAR Limited Series New Arrivals, Multiple Fan Rewards to Reward Million Users

Taking the opportunity of achieving million sales, Geely Xingyuan brought two new versions of the STAR Limited Series: STAR Ace and STAR Chill, with a limited-time rights price of 88,800 yuan. STAR Ace offers Worry-Free Green, Pepsi Orange, Flowing Light Silver three body colors, while STAR Chill is equipped with Milk Salt Beige exclusive paint and brand new interior. The two models are equipped with class-exclusive electric frunk and EVA robot, balancing personalized appearance and daily vehicle practicality. Purchasing users can enjoy a 3,000 yuan super trade-in subsidy, and a STAR exclusive gift pack worth 4,099 yuan.

Facing all million users, the official website launched "Million Achievement Fan Reward Rights". Users log in to Geely Galaxy App to participate in online lottery, prizes include milk tea consumption vouchers, million sales commemorative badges, car accessories, IP merchandise, charging service fee discount vouchers, and other benefits. According to introductions, the STAR Limited Series will continue to iterate and update, surrounding user aesthetics and travel scenarios, launch more version models, matching diversified lifestyle needs.

Actual Testing Verifies Product Quality, Public Welfare Project Conveys Brand Warmth

The confidence behind million sales comes from the product's reliable performance in long-term use. Geely Xingyuan cooperated with CATARC to carry out a special test on a user vehicle in service that had driven 220,000 kilometers. In comprehensive road conditions energy saving mode, the vehicle's range achievement rate reached 99.7%; completed Moose test at 78.1 km/h, chassis handling performance performance stable. After 220,000 kilometers of high-intensity use, vehicle battery health level still reached 91.19%, better than the national standard 200,000 kilometers 70% reference standard. Vehicle also smoothly passed high temperature baking, seawater immersion, bottom impact, etc., six major battery limit series tests, Godshield Battery Safety System, liquid cooling temperature control, etc. hardware configuration protection ability verified.

Brand public welfare project "Our Xingyuan" also welcomes the third season. Previously the project had donated and built sports fields in Sichuan Daliangshan, Guizhou Qiannan. Third season landed in Yunnan Pu'er Ximeng County Masan Village, donate and build a music classroom for the local Little Sparrow Choir, invited local ethnic minority children to go to Hangzhou to stage performances, Lang Lang carried out music guidance for children, helping mountain youth realize art dreams, realizing the implementation of car owner goodwill.

Market Observation

A0 class pure electric small car is an important niche track of domestic new energy vehicle market, competition is becoming increasingly fierce. Geely Xingyuan two years break one million market performance, prove high quality good price home pure electric products have broad market space. On one hand, stable Three-Electric quality, chassis tuning solidify product basic disk, balancing domestic ordinary family commuting needs; on the other hand, models continue version iteration, matching user benefits, public welfare projects, jump out of simple product sales, build emotional connection with users.

At the same time this model landed and hot sales in more than 30 countries, also reflects that Chinese A0 class pure electric small cars have overseas competitiveness. Global market high cost-performance city commuting new energy vehicle demand is strong, domestic car companies rely on complete supply chain and product polishing experience, expect to continue to harvest more market share in global small new energy vehicle market.

November 6, Geely Galaxy held a Global User Music Carnival in Hangzhou, simultaneously announcing the news that Star Wish achieved 1 million sales. 24 months after launch, Star Wish cumulative sales surpassed 1 million units, averaging one sale in less than a minute, becoming the fastest new energy vehicle globally to reach 1 million sales. Launching simultaneously this time are the STAR Limited Series new variants STAR Ace and STAR Chill, limited-time benefit price of 88,800 yuan, purchase includes 3,000 yuan trade-in subsidy, limited-time exclusive gift pack worth 4,099 yuan, simultaneously announcing One Million Achievement Fan Benefits, users can participate in lucky draw in Geely Galaxy App, prizes include milk tea vouchers, commemorative badges, car ornaments, IP merchandise, etc.

This million was not achieved through a single-month spike. Star Wish launched in October 2024, won sales champion of all car categories in Chinese market in 2025, cumulative sales of 249,400 units in first half of 2026, year-on-year increase 21%, retained domestic best-selling vehicle title. Second half pace still accelerating, August and September single-month sales continuously broke through 60,000 units, October exceeded 70,000 units, setting new single-month high. Overseas entered more than 30 countries so far, ranked second in first half of 2026 Chinese new energy hatchback exports, won EV sales champion in Thailand, ranked first in A&B Class pure EV in Egypt for two consecutive months, ranked second in all-category pure EV in Mexico for three consecutive months, in Australia retained Hatchback EV sales champion title within two months of launch.

The difference between the two new variants lies mainly in style, STAR Ace offers three car colors: Worry-Free Green, Pepsi Orange, Flowing Silver, STAR Chill uses Milky Salt Rice color paired with new interior, both standard equipped with industry-exclusive electric front trunk and EVA robot, daily retrieval much more convenient. Official also mentioned, STAR Limited Series will continue to launch new variants according to user aesthetics and travel scenarios, not planning to finish all at once. From product logic perspective, Star Wish is using limited variants to maintain heat, main sales model price and config unchanged, both retaining new users and not worrying old owners feel betrayed.

What truly proves the point is that 220,000 km in-service vehicle. Star Wish collaborated with CATARC, found a 310km Dream Edition user driven for 220,000 km for testing, eco mode air conditioning off, comprehensive road conditions, range achievement rate 99.7%, all series standard equipped with CATL cells and liquid cooling temperature control system. Deer test reached 78.1 km/h, better than many new cars in same class, rear-wheel drive plus front MacPherson rear multi-link independent suspension, Lotus tuning, chassis remains stable and controllable after long-term use. For a tens of thousands yuan pure electric small car, this data contrasts with many same-price models cutting corners on paper.

Battery part underwent six major limit serial tests, including pack-level health, high-temperature baking, seawater immersion, also vehicle-level low-temp charge/discharge, bottom impact, dual needle penetration. After 220,000 km usage, battery health 91.19%, national standard for 200,000 km requirement is 70%, gap is significant. God Shield Battery Safety System equipped with Mu-shaped aluminum alloy protective cabin and double well-shaped rear subframe for physical protection, liquid cooling temperature control system and BMS 3.0 Battery Doctor responsible for temperature management and status monitoring, from structure to operation have corresponding backup plans, this invisible investment is exactly what small car users care about most.

Public welfare line also continues, Our Star Wish Season 3 landed in Masan Village, Ximeng County, Pu'er, Yunnan, donated and built music classroom for local Little Sparrow Choir, also invited children to Hangzhou to perform on stage with Lang Lang, previous two seasons built basketball courts and football fields in Sichuan Daliangshan and Guizhou Qiannan respectively. In summary, Star Wish selling 1 million units in two years, core is achieving A0-class small car configuration, space and three-electric stability at level exceeding price expectations, combined with stable sales pace and overseas expansion, just supports this number.

On November 6, the Geely Galaxy Global User Music Carnival and Geely Xingyuan Million-Sale Milestone Fan Appreciation Event was held in Hangzhou. Within 24 months of launch, Geely Xingyuan cumulative sales exceeded 1 million units, selling one vehicle in less than a minute, becoming the fastest new energy vehicle globally to reach one million sales. With the posture of a phenomenal hit, it has rewritten the competitive landscape of the global pure electric compact car market.

In response to the trust and expectations of 1 million users, Geely Xingyuan launched new versions of the STAR Limited Series - STAR Ace and STAR Chill, with a limited-time rights price of 88,800 Yuan; simultaneously, the "Million-Sale Fan Appreciation Rights" were also released at the conference. Users logging into the Geely Galaxy App to participate in the draw have the chance to win gifts such as Grandpa Doesn't Brew Tea milk tea vouchers, Geely Xingyuan Million-Sale Commemorative Badges, Geely Xingyuan In-Vehicle Ecosystem Practical Products, Capybara Healing IP Merchandise, and more. Geely Xingyuan responds to the trust and expectations of 1 million users with continuously refreshed product value and always-online user rights.

From Hit to Benchmark: 2 Years, 1 Million Sales, Geely Xingyuan Redefines "Global Speed"

Launched in October 2024, Geely Xingyuan cumulative sales exceeded 1 million units in just two years, selling one vehicle in less than a minute. The choice of 1 million users has solidified the reputation of the "National Super Car", and also set a new benchmark for the global compact car market.

Geely Xingyuan's leadership is not an accident of monthly peaks, but a stable performance spanning multiple sales cycles. After winning the sales champion for all categories in the Chinese auto market in 2025, Geely Xingyuan sold 249,418 units in the first half of 2026, a year-on-year increase of 21%, consecutively retaining the title of best-selling vehicle in the Chinese market. Entering the second half of the year, Geely Xingyuan's sales pace continues to accelerate, with monthly sales exceeding 60,000 units consecutively in August and September, and surging past 70,000 units in October, setting a new historical high for monthly sales. Regardless of brand, energy type, or level, Geely Xingyuan has always maintained the role of a sales champion without any qualifiers, dominating the Chinese auto market.

Moreover, the lead in the domestic market extends to global recognition. Australia, UK, France... Geely Xingyuan has landed in over 30 countries globally, ranking TOP2 in Chinese new energy hatchback exports from January to June 2026. It has successively won the electric vehicle sales champion in Thailand, the A & B class pure electric sales champion in Egypt for 2 consecutive months, the all-category pure electric second place in Mexico for 3 consecutive months, and in Australia, after just two months on the market, consecutively retained the Hatchback pure electric sales champion title. Geely Xingyuan galloping on the streets globally has become a new global business card for "Chinese Intelligent Manufacturing", extending the gold content of the million sales from domestic to overseas.

Million Milestone New Beginning: Two STAR Limited Series Versions Launch, Million Fan Appreciation Rights Released Simultaneously

1 Million Units Represent 1 Million Beautiful Lifestyle Choices. At this conference, the two new STAR Limited Series versions launched by Geely Xingyuan directly respond to the personalized needs of young users. Among them, STAR Ace offers three car colors: Carefree Green, Pepsi Orange, and Flowing Silver; STAR Chill adopts Milky Salt Beige car color paired with brand new interior. Both new versions are equipped with the class-exclusive electric front trunk and EVA Robot simultaneously, integrating personal expression and daily convenience into the driving experience. Regarding purchase rights, users purchasing the two new versions can enjoy a 3,000 Yuan Super Trade-in Subsidy, and can enjoy a STAR Exclusive Gift Package worth 4,099 Yuan for a limited time.

While launching the all-new versions, Geely Xingyuan also released "Million-Sale Fan Appreciation Rights" simultaneously: All 1 million users can log into the Geely Galaxy App to participate in the draw, covering Grandpa Doesn't Brew Tea milk tea vouchers, Geely Xingyuan Million-Sale Commemorative Badges, Geely Xingyuan In-Vehicle Ecosystem Products, Capybara Healing IP Merchandise, and Charging Service Fee Discount Vouchers, etc. Meeting personalized needs and caring for the details of daily driving has become the way Geely Xingyuan interacts with users for a long time.

Worth noting is that around constantly changing aesthetic preferences and travel scenarios, the Geely Xingyuan STAR Limited Series will continue to refresh, launching more new versions and new experiences, allowing every lifestyle to find a matching choice.

220,000 Kilometers In-Service Vehicle Test: Long-term Reliability is the True Quality Backbone of "Million Sales"

Visible configurations can be chased, but invisible skills cannot be mastered quickly. The confidence to refresh the global sales speed comes from product quality that can withstand dual tests of time and mileage. Geely Xingyuan, in collaboration with CATARC, conducted a real test on a 310km Dream Edition in-service vehicle driven by a user for 220,000 kilometers, focusing the inspection on the real condition after long-term user usage.

Under comprehensive road conditions in energy-saving mode with air conditioning off, this in-service vehicle with 220,000 kilometers driven had a verified range achievement rate of 99.7%. Geely Xingyuan is standardly equipped with CATL battery cells and liquid-cooled temperature control systems across the entire series, verifying the stability support of the three-electric system. The 78.1 km/h result in the Moose Test indicates control stability superior to most new cars in the same class; under the support of rear-engine rear-drive layout, front MacPherson and rear multi-link independent suspension, and Lotus tuning, Geely Xingyuan demonstrates chassis skills that remain stable and controllable even after long-term use.

Focusing on long-term vehicle battery safety, the in-service vehicle simultaneously underwent six battery extreme serial tests, covering battery health at the pack level, high-temperature baking, seawater immersion, and vehicle level low-temperature charging/discharging, bottom impact, and dual-pin puncture. Test results show that after 220,000 kilometers of high-intensity use, Geely Xingyuan battery health is 91.19%, far exceeding the national standard of 70% for 200,000 kilometers; its installed ShenDun Battery Safety System's safety design under multiple severe conditions has been systematically verified. The O-shaped aluminum alloy battery protection compartment and dual-well-shaped rear subframe physical reinforcement protection, coordinated with the liquid-cooled temperature control system and BMS 3.0 Battery Doctor responsible for temperature management and status monitoring, build multiple guarantees from structure to operation.

From the initial launch, with disruptive user insights and product definitions, it first raised the standards for the entire A0-class compact car category, to gaining 1 million user recognition in 2 years. Geely Xingyuan supports "High Quality and Affordable Price" with long-term reliability and cross-class experience, leading the A0-class pure electric compact cars towards a new era.

Nov. 6, the Geely Galaxy Global User Music Carnival and Geely Xingyuan Million Sales Achievement Fan Appreciation Benefits Launch Event was held in Hangzhou. Geely Xingyuan has been on the market for 24 months, with cumulative sales exceeding 1 million units, selling one unit in under a minute, becoming the fastest NEV globally to achieve million sales, and also rewriting the competitive landscape of the global pure electric small car market with blockbuster performance.

With the trust of a million users, Geely Xingyuan unveiled new models in the STAR Limited Series this time — STAR Ace and STAR Chill, with a time-limited benefit price of 88,800 RMB. At the same time, the "Million Sales Achievement Fan Benefits" was officially released. Users logging into the Geely Galaxy App to participate in the draw have a chance to win "Grandpa Doesn't Brew Tea" Milk Tea Vouchers, Geely Xingyuan Million Sales Commemorative Badges, in-vehicle ecosystem practical products, Capybara healing IP merchandise and other gifts. Geely Xingyuan hopes to continuously refresh products and keep user benefits online, responding to the expectations of a million users.

Breaking the Million Milestone in Two Years, Geely Xingyuan Delivers "Global Speed"

After launching in October 2024, Geely Xingyuan broke 1 million cumulative sales in just two years, selling one unit in under a minute. A million users' choices have further solidified the reputation of the "National God Car" and set a new benchmark for the global small car market.

Geely Xingyuan's leadership is not a result of single-month peaks, but a result of continuous stability across multiple sales cycles. Following winning the China Auto Market All-Category Model Sales Champion title in 2025, Geely Xingyuan sold 249,418 units cumulatively in the first half of 2026, growing 21% year-on-year, securing the top spot for China's best-selling model again. Entering the second half, sales momentum continued to accelerate: August and September monthly sales exceeded 60,000 units consecutively, October surpassed 70,000 units, creating a historical high for monthly sales. Unrestricted by brand, energy type, or class, Geely Xingyuan, as the sales champion without qualifiers, continues to lead the Chinese auto market.

Leadership in the domestic market also extends globally. Geely Xingyuan has sequentially entered more than 30 countries including Australia, the UK, France, ranking 2nd in Chinese NEV Hatchback exports from Jan-Jun 2026. In overseas markets, Geely Xingyuan ranked top in Thailand EV sales, ranked top for 2 consecutive months for A&B class pure EV sales in Egypt, ranked 2nd in Mexico for All-Category Pure EV for 3 consecutive months; on the Australian market for only 2 months, it secured the Hatchback pure EV sales champion title again. Geely Xingyuan driving on streets worldwide is becoming a new business card of "Made in China", and also extending the gold content of million sales from domestic to overseas.

Two STAR Limited Models Launch, Million Fan Benefits Released Simultaneously

1 million units represent 1 million wonderful lifestyles. At this conference, the two new STAR Limited Series models launched by Geely Xingyuan are precisely responses to young users' personalized needs. Among them, STAR Ace offers three colors: Worry-Free Green, Pepsi Orange, Flowing Silver; STAR Chill uses Salt Milk Rice color and comes with new interior. Both new models are equipped with the class-exclusive electric front trunk and EVA Robot, blending personal expression and daily convenience into the driving experience.

Regarding purchase benefits, users buying the two new models can enjoy a 3,000 RMB Super Trade-in Subsidy, and enjoy a time-limited exclusive STAR Gift Pack worth 4,099 RMB.

While launching new models, Geely Xingyuan also launched the "Million Sales Achievement Fan Benefits". A million users can log into the Geely Galaxy App to draw prizes. Prizes include "Grandpa Doesn't Brew Tea" Milk Tea Vouchers, Geely Xingyuan Million Sales Commemorative Badges, Geely Xingyuan In-Vehicle Ecosystem Products, Capybara Healing IP Merchandise, and Charging Service Fee Discount Coupons. Meeting personalized needs and caring for daily driving details has become the way Geely Xingyuan coexists with users long-term.

What's worth noting is, centering on users' changing aesthetic preferences and travel scenarios, the Geely Xingyuan STAR Limited Series will continue to refresh, launching more new models and new experiences, allowing every lifestyle to find a suitable choice.

220,000 km In-Service Vehicle Test, Verifying the Quality Confidence of "Million Sales"

Visible configurations can be caught up, invisible foundations cannot be rushed. The confidence behind Geely Xingyuan refreshing the global sales speed comes from product quality that withstands time and mileage tests. Geely Xingyuan partnered with CATARC to conduct a real-world test on an in-service vehicle driven by a user for 220,000 km, 310km Dream Edition, focusing on the vehicle's actual condition after long-term use.

Under comprehensive road conditions in energy-saving mode with AC off, this vehicle driven for 220,000 km achieved a real-world range rate of 99.7%. Geely Xingyuan is standard-equipped with CATL cells and liquid cooling temperature control system, three-electricity stability verified. Moose test score was 78.1 km/h, handling stability superior to most new cars in the same class; with the support of Rear-wheel drive layout, Front MacPherson and Rear Multi-link independent suspension, and Lotus tuning, Geely Xingyuan demonstrates a chassis foundation that remains stable and controllable after long-term use.

Focusing on battery safety in long-term use, in-service vehicles also underwent six major battery limit series tests, covering battery health at the pack level, high-temperature baking, seawater immersion, as well as whole vehicle low-temperature charge/discharge, bottom impact, dual-needle puncture. Test results show that after 220,000 km of high-intensity use, Geely Xingyuan battery health is 91.19%, far exceeding the national standard of 70% for 200,000 km; its equipped Shen Dun battery safety system, safety design under multiple severe conditions was systematically verified. Eye-shaped aluminum alloy battery protection cabin and double well-shaped rear sub-frame provide physical reinforced protection, collaborating with liquid cooling temperature control system and BMS 3.0 Battery Doctor to manage temperature and monitor status, constructing multiple safeguards from structure to operation.

From raising A0 class small car category standards with user insights and product definition at launch, to gaining recognition from a million users in two years, Geely Xingyuan supports "High Quality and Good Price" with long-term reliability and cross-level experience, driving A0 class pure electric small cars towards a new era.

In the car market of October 2026, there is a change more worthy of discussion than any single-month sales figure: the new energy retail penetration rate reached 67.8%, while overall passenger car retail sales dropped 25% year-over-year. Putting these two numbers together means that market contraction and powertrain switching occurred simultaneously. The retreat of fuel cars is no longer a trend prediction, but a reality unfolding. At this juncture, breaking down item by item who sold tens of thousands more yields limited information. What is more worth asking is: when new energy itself has become the majority of the overall market, is the matter of leadership still the same as it was a few years ago?

BYD's October delivery of 490,168 units, viewed in this context, derives its significance not from the words "setting a new high within the year," but from its position. On the wholesale list, BYD accounted for 483,100 units. The volume of the second-place brand behind them is less than half of that, followed by a string of names with monthly sales in the 100,000s and 50,000s, separated by a clear gap. Meanwhile, NIO, Li Auto, and HIMA all saw year-over-year declines in October, with HIMA's decline exceeding 50%. While the total volume of the new energy track is still expanding, the temperature gap between participants is widening rapidly. The meaning of "New Energy Market Continues to Lead" here is no longer simply whose share is higher, but whether, after penetration crosses the critical point, leaders and followers have entered different competitive dimensions.

This different dimension is first reflected in the question of where growth comes from. Domestic new energy retail sales were down year-over-year in October; the rise in penetration came more from the shrinkage of fuel car share than an explosion of new energy's own incremental volume. In other words, competition in the domestic market is shifting from "grabbing new users" to "replacing stock." In this structure, brands relying on a single domestic market and a single price band for volume have naturally limited flexibility. The more significant signal in BYD's October data is that the weight of overseas sales in the single-month total has stabilized at a level sufficient to change the overall rhythm. Localized production at Thailand, Indonesia, Brazil, and Hungary factories, along with the operation of its own RoRo fleet, means exports are no longer an overflow of domestic capacity, but a second curve supported by independent capacity and channels. When domestic market volatility rises, this curve provides hedging, not just icing on the cake.

Another line easily obscured by sales figures is the energy replenishment network. As of October, Flash Charging Stations have been deployed to over 12,000 locations, covering 341 cities, with a year-end target of 20,000 stations and plans for several thousand overseas. Competition for pure electric models, reaching a stage where penetration is near 70%, is seeing the key winning factor shift from "rated range" to "energy replenishment certainty." The density and consistency of the charging experience will directly alter the psychological threshold for an ordinary family choosing between gas and electric cars. This issue is not as conspicuous as monthly sales, but it determines whether a vehicle's usage experience can sustain repurchases and reputation. Sales are the terminal result, while the energy network is the infrastructure that makes this result sustainable. The time lag between the two often manifests in data only after two or three years.

Another number worth mentioning last: R&D expenses for the first three quarters were 36.3 billion yuan, with cumulative R&D investment exceeding 280 billion yuan. In a cycle where price competition remains fierce and most brands are cutting spending, continuously investing amounts far higher than current profits into R&D looks like a drag on profits in the short term, but in the long term, it is the price of the ticket for the next product cycle. The 2nd Gen Blade Battery, self-developed intelligent driving chips, and data showing over 3.95 million units of assisted driving models in use are all signs that this investment is beginning to pay off at the terminal. Sales figures change every month, but the thickness of technical reserves will not reverse in a single quarter.

Back to October. 490,000 units is a decent number, but the 2026 new energy market has passed the stage of defining success or failure by single-month rankings. A domestic penetration rate nearing 70% means new energy is no longer a "substitute option," but a "default option." Under this premise, the leader's task has quietly shifted from "proving they can be chosen" to "proving they can stand firm in multiple markets and technology lines simultaneously." The pacing of overseas capacity landing, the coverage density of the energy network, and the conversion efficiency of R&D investment will not appear in monthly communication titles, but these are what determine whether the next "October" can still stand in this position.

Entering the fourth quarter, the car market welcomes the "Silver October" peak sales season. New cars are launching in clusters, terminal incentives are increased, and major automakers are accelerating volume push. In this sales competition, New Force automakers showed varied performance, with October delivery results being a mix of joy and sorrow for various parties.

From New Force sales data, Leapmotor led by a wide margin with over 100,000 units, firmly holding the top sales spot for New Force; Xpeng and Xiaomi both broke through the 50,000 unit threshold, showing strong momentum; in comparison, NIO and Li Auto experienced declines to varying degrees. The former "NIO-Xpeng-Li" structure has long been broken, and the seats in the top tier are constantly being rewritten.

1st Place: Leapmotor 106,127 Units

In October, Leapmotor delivered 106,127 units, a year-on-year increase of 51%, holding steady above the 100,000 unit mark for four consecutive months, with monthly sales hitting a new record high again.

Such bright results are inseparable from Leapmotor's joint efforts in domestic and foreign markets. In the domestic market, the A, B, C, and D four major product series cover different price ranges, providing support for sales. Meanwhile, the overseas market also performed brilliantly, with Leapmotor's cumulative exports exceeding 150,000 units in the first three quarters, completing the annual export goal early. "Walking on two legs", both domestic and foreign markets, became an important reason for Leapmotor's sales growth.

In addition, Leapmotor also plans to further drive sales through new products. The new car Lafa5 will launch at the Guangzhou Auto Show at the end of November, and the B-series brand new hatchback model B05 will also start pre-sales during the same period, adding more force to the sprint for the annual one-million unit sales goal.

However, Leapmotor still has some distance to go for the annual one-million unit goal. In the first ten months, Leapmotor has completed 77.3% of the annual goal; in the last two months, about 227,400 units still need to be delivered. From this perspective, its sprinting pressure is still not small.

2nd Place: Xpeng Motors 50,237 Units

In October, Xpeng Motors delivered 50,237 new cars, with year-on-year and month-on-month double growth, breaking through the 50,000 unit threshold for the first time, refreshing the single-month delivery record.

This is due to Xpeng's absolute sales pillar, the MONA series. Among them, MONA L03 went from 8,424 units delivered in August to breaking through 14,000 units in September, and exceeded 20,000 units in October, with a significant growth momentum. MONA M03 has consecutively held the sales champion title of 100,000-200,000 yuan pure electric cars for 24 consecutive months, driving the cumulative delivery of the MONA series to exceed 360,000 units.

Except for the domestic market, the overseas market also contributed significant sales this month. In October, Xpeng delivered 13,326 units overseas, a year-on-year increase of 166%, accounting for 26.5% of total deliveries. Next, Xpeng will also accelerate overseas market layout. G9L plans to start bookings in Switzerland and Thailand in November, which is expected to add momentum to subsequent sales growth.

However, although single-month sales have hit a new record, Xpeng still has a significant gap to the annual 550,000 unit goal. Even with new products and overseas market assistance, it is not easy for Xpeng to make up for the shortfall in the last two months.

3rd Place: Xiaomi Auto 50,000+ Units

In October, Xiaomi Auto delivered over 50,000 units, creating a new single-month high for this year. From over 40,000 units in September to over 50,000 units in October, Xiaomi Auto's year-end volume push has significantly accelerated.

This round of growth, the newly launched Peng Cheng series contributed a lot. The N70 and N90 launched in September welcomed their first complete delivery month in October, with initial sales locked orders exceeding 70,000 units. As production capacity gradually caught up, Xiaomi's orders also accelerated into actual deliveries. Plus, with SU7 and YU7 sales maintained around 30,000 units, Xiaomi's subsequent sales still have certain growth space.

However, although Xiaomi's monthly sales momentum is good, the annual 550,000 unit goal is not easy to chase. There are only two months left, whether new car deliveries can continue to speed up is still unknown. Trying to make up for the sales gap by the end of the year, the pressure is still not small.

4th Place: NIO 34,246 Units

In October, NIO delivered 34,246 units. Although it declined from 37,408 units in September, it remained above 30,000 units overall. As a premium all-electric brand, NIO's sales performance in the last two months was relatively stable.

From the perspective of its three major brands, the NIO brand delivered 18,125 units, Onvo delivered 8,383 units, both declined compared to September; Firefly delivered 7,738 units, creating a new record for two consecutive months, becoming one of the few bright spots this month. However, Firefly's growth is difficult to offset the decline of the other two major brands. And the 15.23% year-on-year decline in sales this month is also related to the delivery peak brought by the launch of Onvo L90 last year at the same time.

With the "Silver October" sales dropping, the hope for NIO to complete the annual goal has also become faint. In the first ten months, NIO's cumulative deliveries were about 334,500 units, only completing 73% of the lower limit of the annual 456,000 unit goal. Now there are only two months left. With NIO's current sales level, it is already very difficult to meet the goal on schedule.

5th Place: Li Auto 29,025 Units

Once, Li Auto was the sales champion among "NIO-Xpeng-Li", but now it is falling behind a bit. In October, Li Auto delivered 29,025 units, a year-on-year decrease of 8.63%, and a month-on-month decrease of 8.78%. After the brief recovery in August, Li Auto's sales declined again.

From the model perspective, the L series that once supported sales now faces extended range competitors like Aito and Leapmotor. The original family vehicle advantages are gradually weakening, while the sales burden gradually shifts to the pure electric i series. Although the sales of various models in October have not been announced, from the data of the first three quarters, the i6 model contributed over half of the sales. Li Auto's reliance on it is evident.

It is worth mentioning that the 2026 model Li Auto i6 launched at the end of October. Its order performance within 72 hours of launch exceeded the same period last year, giving Li Auto more expectations for subsequent sales growth.

However, approaching the end of the year, the time left for Li Auto to sprint for the annual goal is not much. This year Li Auto must deliver at least about 488,000 units, only completing 66% of the goal in the first ten months. With the current sales of less than 30,000 units, even if the new i6 brings growth, it is basically hopeless to complete the goal by the end of the year.

Final Thoughts:

Overall, in October, the sales gap among New Force automakers was obvious. Leapmotor led by a wide margin with over 100,000 units, Xpeng and Xiaomi both broke through 50,000 units, located in the second tier; NIO and Li Auto hovered around 30,000 units, both with sales declines. Facing fierce market competition, some automakers withstood the pressure and continued to grow, while others had weak growth. The gap further widened between rise and fall.

Currently, with only two months left until the end of the year, each automaker has entered the final sprint stage. Next, whether new cars can quickly release volume and whether the overseas market can contribute more incremental growth will become key for each family to narrow the goal gap. As for who can smile at the end of the year-end finale, this sales competition among New Force is still full of suspense.

Entering October, the automotive market traditionally sees a phase of volume release, but the actual situation this year fell short of expectations. On one hand, terminal demand continues to face pressure, and on the other hand, the sales base from the same period last year was at a high level. The combination of these two factors made the overall industry performance inferior to previous years. According to CPCA estimated data, October terminal sales slid 28% year-on-year. Against the backdrop of a generally declining market, Hyper Aion delivered a solid performance: October sales reached 42,357 units, up 56.79% year-on-year. Not only did it continue the trend of eight consecutive months of year-on-year growth, but it also set a new high for sales within the year.

This achievement was not driven by short-term price competition to boost scale, but based on long-term technology accumulation and continuous product upgrades. By responding to users' real needs, Hyper Aion maintained its growth rhythm during the industry adjustment period, converting external environmental pressure into a window period for its own development.

From the user's perspective, behind this number is the choice made by consumers based on actual experience, and also recognition of its technology route. Currently, some enterprises in the industry continue to compress new car development cycles to fight for market share, shortening the product verification process. In contrast, relying on the GAC Full-Stack Self-Research System, Hyper Aion realizes independent research and development and manufacturing of core Three-Electric Systems, putting investment into every link that users can intuitively feel and those that are not easily noticed.

Battery safety and durability are among the main concerns for users when purchasing new energy vehicle models. The GAC self-developed Inpower Battery equipped on Hyper Aion recently completed its 300,000th unit production, meaning self-developed batteries move from technology verification to large-scale market application. At the same time, the Inpower Battery Thailand factory officially opened and produced the first set of power batteries, taking a key step in overseas layout in the manufacturing link. The dual promotion of large-scale production and overseas application confirms the performance of this battery in safety and technological maturity from the side. Its supporting HyperShell Battery Safety Technology pioneered the non-ignition solution against gunfire, still maintaining normal use even under extreme deformation conditions. As of now, the relevant batteries have been installed in 1.62 million units cumulatively, with cumulative safe driving mileage reaching 162.7 billion kilometers.

Range is another core indicator of user concern. The more common practice in the industry is to increase the range number by increasing battery capacity, but this method both raises the car purchase cost and brings negative effects on handling and energy consumption due to the increase in battery weight. Hyper Aion chose a path of higher technical difficulty, that is, replacing capacity stacking with efficiency optimization, building long range on a solid technical foundation.

Electric drive system is a key link to reduce overall vehicle energy consumption. Hyper Aion pushed the amorphous alloy electric drive from the laboratory to the mass production market. Its core material is an amorphous alloy strip only 0.025 millimeters thick, jointly tackled by GAC and the Institute of Materials, Dongguan, Chinese Academy of Sciences, breaking through the automotive-grade mass production barrier. The related process has been included in the national 'Catalog of Technologies Prohibited or Restricted for Export' and won the special recommendation gold award from the jury of the 51st Geneva International Invention Exhibition. Certified by China Automotive Technology and Research Center, the peak efficiency of this electric drive reaches 99.03%, and the CLTC working condition efficiency reaches 94.184%. Both indicators are in the forefront of the industry. For users, this means that under the same battery capacity, vehicle range can increase by 30 to 50 kilometers. In addition, the 500,000th Quark Electric Drive is about to be produced, reflecting that the market recognition of efficient electric drive technology is continuously improving.

Besides the self-developed Three-Electric System system, Hyper Aion also cooperated with technology enterprises such as Huawei, CATL, and WeRide to promote related technologies to cover a wider user group. Taking Ray7 aimed at young users as an example, this model comprehensively balances purchasing cost, usage scenarios, durability, range, and performance dimensions. Through six innovative configurations, it achieves longer range with smaller battery capacity.

Its R&D idea can be summarized in two aspects: improving energy utilization efficiency and reducing power loss. The former relies on the new generation Huawei DriveONE multi-in-one electric drive, achieving a CLTC comprehensive efficiency of 92.5%. Paired with the new generation intelligent thermal management system, it keeps high-efficiency output under different working conditions. The latter starts from driving resistance, reducing caliper drag torque by 80% through the globally launched EMB full-electric control braking, and combining with a 0.22Cd drag coefficient to reduce energy consumption during driving. Energy consumption optimization extends to various power usage details: smart low-voltage power control scheme performs refined allocation of overall vehicle power, further reducing energy consumption for parts such as headlights and intelligent driving sensors while guaranteeing performance; the high-strength steel-aluminum hybrid lightweight body reduces overall vehicle weight from a structural level, reducing weight by more than 150 kilograms compared to pure electric sedans of the same size.

Under the superposition of the above technologies, Ray7 achieves a maximum CLTC pure electric range of 702 kilometers, and CLTC hundred-kilometer electricity consumption is 9.7 kWh, becoming the world's first model to bring 5-meter class pure electric sedan electricity consumption into the 9 kWh category. For users, the car purchase cost under the same range conditions can be reduced by about 10,000 yuan, also avoiding vehicle weight rise and handling performance decline caused by excessive battery capacity stacking. The model has officially started pre-sale recently, with a pre-sale price range of 128,800 yuan to 158,800 yuan. Pre-sale orders broke through 6,817 units within two hours, and it will be officially launched on November 12.

Technology accumulation ultimately needs to be converted into product value perceivable by users. In an information-intensive market environment, car purchasing decisions are returning to the demand itself, and whether it can accurately match usage scenarios has become key. The product matrix equipped with the above core technologies continued to receive market feedback in October. Among them, the AION i60 recently completed its 100,000th delivery, creating a record for the fastest dual-power SUV to achieve 100,000 deliveries. Relying on the performance of monthly sales breaking 10,000 consecutively, the model verifies the development idea of driving product iteration with user feedback and continues to optimize around the real needs of family users.

While the domestic market advances steadily, the overseas market is also gradually becoming an important growth source. As the main force sector for GAC going global, AION UT, AION V and other products have successively entered countries and regions such as Singapore, Thailand, Colombia, Saudi Arabia, and the UAE, maintaining good rankings locally. In the first three quarters of this year, GAC cumulative exports reached 197,701 units, a year-on-year increase of 138.9%, moving towards a 300,000 unit annual goal, and a growth pattern of domestic and overseas synergy has initially taken shape.

The new high in October sales is not accidental. From the continuous attack on underlying technologies such as Inpower Battery and amorphous alloy electric drive, to i60 monthly sales stabilizing over 10,000 and Ray7 pre-sale receiving market response, to overseas markets providing incremental support, a cycle of technology driving products, products accumulating reputation, and reputation driving sales is gradually taking shape within the Hyper Aion system. When price competition tends to be rational, what truly affects the competition pattern is still the resolve of enterprises in technology R&D and system construction. Under the guidance of the 'Panyu Action', Hyper Aion achieved year-on-year growth for eight consecutive months, also from one side illustrating: market environment will fluctuate, but solid products always have their own growth space.

Chery's October sales, looking at the numbers alone, are not actually the most explosive. The group's total vehicle sales reached 295,934 units, a year-over-year increase of 5.3%. In the October ranking context of BYD nearing 500,000 and Geely breaking 310,000, Chery's growth rate is not particularly conspicuous. But if you only focus on this 5.3%, you will miss the truly important things in this performance report.

Chery being number one in exports is no longer news. The true new signal is that the export business itself is upgrading.

Exports reached 200,618 units, up 58.7% year-over-year, breaking the 200,000 units mark for a single month for the third time this year; New Energy reached 140,893 units, up 27.7% year-over-year, standing on the 100,000 units step for seven consecutive months in a single month. The proportion of exports in the group's total sales has approached 70%. This means that for every three cars Chery sold in October, two went overseas. It is becoming a company that uses the profits and scale of the overseas market to support domestic new energy transformation and brand elevation. This path has no other Chinese automaker walking so deeply.

Chery Executive Vice President Zhang Guibing previously revealed that it is expected that by the end of 2026, the proportion of vehicles produced overseas in Chery's exports will exceed 50% for the first time, rise to 60% in 2027, and reach 70% in 2030. The significance of this number lies in the fact that Chery's overseas focus is shifting from "selling cars made in China overseas" to "manufacturing cars overseas, procuring overseas, and making money overseas". Shipping complete vehicles from China for export faces increasingly high tariff thresholds and exchange rate fluctuations; localized production bypasses trade barriers, retains employment and taxes, and exchanges for long-term market access qualifications in local markets.

The financial meaning of this is equally direct. Chery's net profit for the first three quarters was 14.6 billion yuan, while the overall revenue profit margin of the automotive manufacturing industry was only 3.3% during the same period. Chery's earning power is close to twice the industry average level. The gross profit margin structure of overseas business is Chery's card for daring to maintain stability in the domestic price war. When most Chinese brands are still harding involution in the domestic market with profits, Chery has already found a cycle of using high overseas gross margins to hedge against low domestic gross margins. This is not escaping involution, it is changing the battlefield to win the ammunition needed for involution.

Chery New Energy sold 140,900 vehicles in October, breaking 100,000 for seven consecutive months. From January to October, the cumulative total was 999,417 units, up 43.2% year-over-year, exceeding the total new energy volume for the entire previous year in advance. Wholesale volume remains firmly in the top three of the industry, with a global new energy share of 5.5%, ranking in the top five automotive groups.

Behind these numbers, more worthy of attention is the product structure supporting the scale. The Fengyun A9 secured sales leadership in the 100,000 to 150,000 yuan pure electric mid-size car market. The brand-new QQ3 sold over 10,000 units monthly for seven consecutive months and entered Thailand, Indonesia, and South Africa. iCAR V23 global sales exceeded 100,000 units, topping multiple overseas market niche tracks. Chery's new energy volume growth is not a pulse-like growth driven by one or two influencer cars, but building the base stone by stone in mainstream price segments and mainstream categories. This certainty of growth is harder for opponents to knock down with a single new car.

Meanwhile, within the Chery Group in October, each brand showed a rare synchronized resonance. Chery brand sales reached 200,571 units, up 18.2% year-over-year, an absolute cornerstone. This number shows that in the most competitive mainstream fuel and hybrid markets, Chery's base continues to maintain strong upward momentum, with channel efficiency and product reputation continuously releasing dividends.

Jetour reached 58,443 units, maintaining stable output, firmly rooted in the Travel+ niche track. As the representative of new forces, iCAR, relying on the personalized positioning of V23 and other models, not only broke out among the domestic young group but also shone brightly in the overseas market, becoming an important extension for Chery's brand elevation and rejuvenation. As for Exeed and Luxeed, they are also steadily exploring on their respective premiumization paths.

For a huge group with nearly 3 million annual sales, multi-brand synergy originally needs rhythm. The strong growth of the mainstream base provides sufficient trial and error space and resource support for the upward breakthrough of high-end brands. This tiered development rhythm proves exactly that Chery owns a healthy brand ecosystem with extremely strong risk resistance capabilities.

The main theme of Chinese automakers in the past few years has been close-quarters combat with configurations and prices in the domestic market. Many brands fell into a vicious circle: sales were rising, profits were falling. In order to grab shares, they were willing to spend bullets that should have been used for R&D on the price war. The revenue profit margin of the entire industry was suppressed to an extremely low level. Everyone was consuming each other in the same pool; this is a typical zero-sum game.

In this big background, Chery's October performance report provides a completely different sample for breaking through: upgrading globalization from a simple sales action to a deep operational action, using overseas manufacturing and overseas profits to provide a leisurely space for domestic technology investment and brand elevation.

Where exactly does this path lie in difficulty? It is difficult because it is not only selling products, but outputting a system. Chery is able to sell at high premiums and get high profits in the overseas market. It does not rely on low-price dumping, but on the global alignment of technical standards. For example, Chery's engines, gearboxes, and chassis architectures can withstand tests in harsh markets such as Europe, the Middle East, and South America, obtaining overseas five-star safety certifications. Behind this lies more than ten years of hard work by the Chinese automotive industry on the core three major components. When a Chery car on the European street is chosen and evaluated as a normal, competitive car, not a cheap Chinese substitute, then that kind of globalization that the Chinese automotive industry really wants can be said to start landing.

Deeper significance lies in Chery pumping the real money earned overseas back into the domestic market, feeding domestic new energy R&D, intelligent transformation, and multi-brand construction. This forms an extremely healthy business closed loop. Others are cutting prices to survive; it is accumulating strength with profits. Others are staring at the domestic pool to grab shares; it is expanding the pie in the global market. This model upgrade from product overseas expansion to ecosystem overseas expansion sets an example for all Chinese brands still struggling desperately in the domestic red ocean: truly world-class automakers cannot only reign over at their own doorsteps, they must dare to go to others' home grounds and earn back profits with technology and quality.

Auto Review:

October's performance report is actually a slice of the Chinese automotive industry walking towards maturity. In the past, we were used to using price to exchange for the market, using sales to prove presence; but Chery's path tells us that true strength is not crushing opponents in the domestic market, but bringing the ability to build cars, brand reputation, and profit thickness together to the global market for inspection.

Recently, Changan Qiyuan announced global sales for October 2026: 63,648 units delivered in a single month, representing a 22.24% month-over-month increase. Among them, Qiyuan Q06 sales reached 10,152 units in its first month of launch; Qiyuan Q05 sales exceeded 30,000 units for two consecutive months; Qiyuan Q07/A06 showed stable performance, jointly solidifying the brand's sales foundation.

Placing these data points back into the industry coordinate system clarifies their weight more. In 2026, the Chinese new energy market has shifted from a high-growth phase to an adjustment and decline period: penetration rates peaked and growth slowed, price wars intensified, and reshuffling under zero-sum games became increasingly brutal. While most brands are stuck in an attrition war of "trading price for volume", Qiyuan bucked the trend with a 22.24% month-over-month increase, Q05 breaking 30,000 units for two consecutive months, and Q06 breaking 10,000 in its first month. Against the backdrop of the industry generally experiencing "revenue growth without profit growth", this curve of organic growth driven by product reputation rather than aggressive volume targets is the most direct evidence of systemic potential.

Supported by three major Tianshu branded technologies   Qiyuan Q06 broke 10,000 units in its first month

What truly deserves industry attention is that Qiyuan Q06 delivered 10,152 units in its first month on the market. As the masterpiece following Changan Qiyuan reaching one million sales, Q06 is positioned as a "New Tech Intelligent SUV", featuring Changan Tianshu Pilot for the first time, and relying on leading technologies such as Tianshu Cockpit 2.0 and Tianshu Chassis to comprehensively advance in intelligence and driving experience; orders exceeded 35,000 units within 24 hours of launch, with first-month deliveries breaking 10,000. From an order structure perspective, users aged 25-35 account for over 30%, and those with a bachelor's degree or higher account for over 73%. The 700 Smart Elite Edition is the most popular, accounting for over 44% of orders. Users who chose the Tianshu Pilot version reached 99%, among whom 45% directly selected the Ultra Edition— The youthful and highly educated user structure confirms the real appeal of technology accessibility to mainstream consumer groups.

More critically, the price—limited-time rights price for pure electric and extended range dual power starts at 135,900 yuan. Supported by three core technologies of Tianshu Pilot high-end intelligent driving, Tianshu Chassis, and Tianshu Cockpit 2.0, Q06 brings high-end configurations previously generally equipped on 200,000-300,000 yuan class vehicles down to mainstream household price points. When urban NOA is still mostly seen in vehicles above 250,000 yuan, Qiyuan relies on Changan's full-stack independent research and development system and the scale advantage of central enterprises to continuously lower the experience threshold for high-end intelligent driving. This is not just a pricing strategy, but a redefinition of "technology accessibility" for the mainstream household market— When intelligence changes from a premium item to a standard item, it also opens up a new direction for the value competition of household new energy SUVs .

Brand Potential: Large Single-Product Matrix Supports Million Units

In October, multiple models under Changan Qiyuan were refreshed intensively. Qiyuan A06 and Qiyuan Q07 were refreshed and launched successively. The new A06 pure electric range increased to 800km, and CATL cells are standard across the series. The new Q07 brings four standard configurations including Tianshu Pilot Pro across the series, further enhancing market competitiveness.

From its launch in August 2023 to breaking one million units in September 2026, Qiyuan has successfully navigated the path of "Central Enterprise New Force" over three years, firmly ranking first in new energy sales among central enterprises. Behind this report card is a clear large single-product matrix: Q05, leveraging the advantages of "All CATL, Good Intelligence, Large Car Frame", has remained the compact SUV sales champion for 7 consecutive months, and was the first to launch in Thailand, Uzbekistan, and Indonesia; A06 entered the mid-to-large sports sedan segment with "100,000 yuan class configuration ceiling", standardizing full aluminum front double wishbone + rear five-link suspension across the series. High-end models feature Tianshu Intelligent Driving LiDAR Edition for the first time, equipped with an 800V Silicon Carbide platform supporting 6C flash charging, replenishing 30%—80% in 9 minutes, squeezing LiDAR and high-end intelligent driving into the 100,000—150,000 yuan range .

Q05 stabilizes the foundation, A06 expands sports sedans, Q06 breaks through upwards. The three combine to support the market ranking of "Central Enterprise New Energy Champion Choose Qiyuan". At the stage where the industry shifts from incremental dividends to stock game, and users become more rational in price comparison, Qiyuan relies on a large single-product matrix rather than a single hit product to hedge against cycle risks. This long-cycle operational capability is precisely the confidence to weather the price war.

Summa ry :

With Q06 deliveries rolling out, multiple new models releasing potential, combined with overseas market growth, Changan Qiyuan is expected to welcome a new round of higher quality growth. When the domestic car market faces pressure and automakers collectively go overseas to seek growth, Qiyuan, relying on Changan's "Inclusive" strategy drive, is moving from "Product Going Overseas" to "Local Manufacturing + Market Landing" — The moves of Q05 in Thailand, Uzbekistan, and Indonesia have already set a benchmark and explored the path for the subsequent European market .

When the industry shifts from high growth to zero-sum game, the solution given by Qiyuan with "System Inheritance + Market-oriented Operation" — not relying on burning money to pile volume, but relying on full-stack self-research and central enterprise verification system to uphold the quality bottom line — is the most reference-worthy sample of central enterprises breaking through in new energy.

November 1, Geely Automobile Holdings Limited (0175.HK) announced the latest sales data: October sales 310,183 units, breaking through 300,000 units for the first time this year, double year-on-year and month-on-month growth for 8 consecutive months, month-on-month growth 6%. October new energy product sales (including Geely, Lynk & Co, Zeekr) 214,996 units, year-on-year growth 21%, breaking through 200,000 units in a single month for the first time, setting a new historical record; new energy sales share 69%, setting a new historical record.

Brand influence and channel coverage synergistically improved overseas sales, with the overseas market entering a new stage of multi-point and multi-product growth. Overseas export sales exceeded 100,000 units for 5 consecutive months. October overseas export sales 107,153 units, year-on-year growth 158%. New energy product export sales set a new historical record, October new energy product export sales 82,565 units, surging 506% year-on-year, new energy export sales share increased to 77%.

Products, technology and overseas operating system entered a new stage of scale growth, promoting Geely to form higher quality growth with more sustainability and resilience while sales scale continued to expand. Million-level blockbuster products continued to maintain momentum, newly launched products continued to lead the market, with growth drivers in multiple areas moving forward together; Qianli Haohan moved from million installations to frequent use, methanol electric hybrid and other forward-looking technologies accelerated towards mass production applications, expanding technical capability boundaries while releasing technical application value to enhance user recognition; the three brands made a collective appearance at the Paris Motor Show and multiple regional market results mutually corroborated the development of overseas market system and operating system.

Star Products Continued Scale Growth Momentum, New Products Further Expanded Market Increment

Geely covers mainstream, high-end and luxury markets completely. Blockbuster products continued to grow, new products released growth potential, and main models continued to upgrade and refresh, jointly promoting the conversion of the three brands' product technology potential into market growth momentum.

Geely brand gasoline and electric new products launched simultaneously, further expanding the growth space of the mainstream market. October Geely brand sales 255,742 units, year-on-year growth 8%, month-on-month growth 4%.

Among them, mainstream new energy brand Geely Galaxy blockbuster model scale reached a new level, new car potential released, October sales 153,385 units, setting a single month sales record, year-on-year growth 18%, month-on-month growth 20%. Geely Xingyuan sold over 50,000 units for 5 consecutive months, October sales 71,337 units, historical cumulative sales broke through 1 million units threshold. The 1 millionth mass-produced complete vehicle was officially rolled off the line at Geely Automobile Xiangtan Manufacturing Base, refreshing the global automotive market million-unit production speed record, averaging one complete vehicle produced every 55 seconds. In addition, Geely Galaxy E5 sales 14,194 units.

While consolidating the advantages of the mainstream market, Geely Galaxy further expanded incremental sales of sub-segments. Galaxy TT C-class AI pure electric sports sedan launched in its first month, delivery exceeded 10,000 units. Geely's first new energy hardcore SUV - Galaxy Battleship 700 was officially launched on October 10, opening a new era of new energy hardcore SUVs from four dimensions of architecture, power, intelligence, and safety. With five whole-scenario capabilities, achieving the "urban and wilderness dual extreme" experience, 12 minutes after launch, firm orders broke 10,000 units.

Geely China Star took intelligence and HEV as anchor points, continuously improving fuel vehicle market competitiveness. October sales 102,357 units. Among them, Boyue family 25,075 units, China Star high-end series October sales 39,094 units, historical cumulative sales exceeded 2 million units.

Geely China Star concentrated on refreshing, achieving a comprehensive leap in classic product strength. Geely Xingrui L PLUS was built based on the most advanced CMA architecture, equipped with Geely's most advanced i-HEV intelligent hybrid system and Qianli Haohan H5 and above assisted driving systems and Flyme Auto intelligent cockpit; and achieved first-launch laser radar for fuel sedans, first-launch EVA intelligent robot, first-launch whole-scenario blowout stable driving system and many other first-launches in the same class, comprehensively leading in six dimensions of aesthetics, energy saving, intelligence, comfort, handling, and safety; Emgrand family is the first A-class sedan family of Chinese brands to break through 4 million units in sales, its heavy upgrade work - newly upgraded Emgrand Upward series launched, new car built on BMA global modular architecture, promoting comprehensive value leap of products; 2027 model Boyue comprehensively upgraded and improved in appearance, comfort, intelligence, quality, and safety around family travel scenarios, reshaping the new benchmark of household SUVs within 100,000 yuan; 2027 model Binyue Super Version comprehensively upgraded in appearance, driving experience and safety configuration.

While Geely brand continuously expanded the scale of mainstream market, Lynk & Co and Zeekr achieved breakthroughs in high-end and luxury markets respectively.

Global new energy high-end brand Lynk & Co October sales 21,958 units, month-on-month growth 19%. Among them, new energy product sales 18,521 units, month-on-month growth 9%.

Lynk & Co product strength and racing results further strengthened brand competitiveness, accumulating momentum for future growth. On the product side, Lynk & Co 07GT ranked first in Chinese wagon sales for two consecutive months since launch; 2027 model Lynk & Co 08 EM-P will be launched and released on November 5; 2027 model Lynk & Co 03 official images have been released to the public, a new round of product refreshment is preparing to start.

On the racing side, Lynk & Co,凭借 stable performance throughout the year, officially crowned the annual team, driver, and car triple grand slam at the 2026 season TCR China Championship Shaoxing final, Lynk & Co Jet Kai team defended the annual team championship; driver Zhu Daiwei defended the annual driver championship, China's first mass-produced TCR race car - Lynk & Co 03+ TCR won the annual car championship, consolidating the industry status of "China's First Automotive Sports Brand".

Global luxury technology brand Zeekr, October delivery volume 32,483 units, year-on-year growth 52%, consecutive 7 months monthly sales exceeded 30,000 units, brand potential steadily increased. Among them, Zeekr 9X one-year anniversary since launch, continued strong sales, single vehicle average transaction price above 530,000 RMB, received proactive recommendations from over 80% of owners, ranking first in sales of models above 500,000 yuan from January to September; Zeekr 8X launched nearly half a year, ranked first in sales of 300,000-500,000 yuan hybrid SUVs; Zeekr 009 topped the sales of pure electric MPVs above 400,000 yuan from January to September. While market performance continued to break through, Zeekr further expanded brand voice. 2026 Chengdu Marathon, Zeekr 001 and Zeekr 007GT served as official timing and guidance designated vehicles, in Hangzhou Marathon events, Zeekr 8X also provided full escort, continuously enhancing brand influence.

Intelligent Application Scale Growth and Frontier Energy Technology Accelerated Implementation, Systematic Innovation Consolidated Long-term Competitiveness

While Geely achieved assisted driving technology moving towards installation and application value dual release, it accelerated the mass production implementation of methanol electric hybrid and other forward-looking low-carbon technologies, further strengthening technical strength towards intelligence and green transformation, providing support for product upgrades and long-term competitiveness.

In terms of intelligence, Qianli Haohan assisted driving system not only broke through the million installation threshold, this year also led the entire industry with the double first posture of "domestic brand installation scale growth rate" and "assisted driving usage mileage growth rate". "Qianli Haohan 2026 Mid-Autumn National Day Travel Report" shows, as of October 7, 2026, Qianli Haohan cumulative owners 1.073 million people, assisted driving activation rate 93.9%, assisted driving cumulative total mileage 3.14 billion kilometers, year-on-year growth 252.6%. This indicates that Qianli Haohan has entered a stage of scale growth in installation scale and usage frequency. As the core carrier of Geely's intelligence strategy, it is accelerating to spread, relying on multi-brand, multi-price bracket product system to benefit assisted driving to a wider user group, user value continuously released and usage willingness accelerated growth, promoting "intelligent driving inclusiveness" to develop广 and deep.

In terms of green forward-looking technology, Geely Galaxy new generation methanol electric hybrid technology appeared at 2026 Sustainable Global Leaders Conference, Geely Galaxy Starlight 6 EF, the world's first methanol electric hybrid family sedan, served as the official designated vehicle of the conference, providing shuttle service for global conference guests. Geely new generation methanol electric hybrid technology will be officially released on November 3, breaking through traditional energy constraints, opening an era-defining energy revolution. Geely Galaxy Starlight 6 EF will be officially launched in the near future, marking that Geely methanol technology system moved from deep accumulation to scale mass production, allowing methanol to enter the mainstream passenger car market as a mass-produced family car for the first time.

Overseas Operating System Accelerated Rooting, Multi-Region Growth Results Continuously Delivered

Diversified product lineups, leading intelligent technology and continuously deepened localization layout support each other, promoting overseas market entering a new stage of systematic growth. October overseas export sales 107,153 units, year-on-year growth 158%. New energy product overseas export sales maintained high growth rate, October new energy product export sales 82,565 units, surging 506% year-on-year, new energy export sales share increased to 77%.

Geely Automobile products accelerated layout, further improving brand awareness and influence in overseas market. October 2026, Geely Automobile Group for the first time appeared in Paris Motor Show in group lineup, Geely, Lynk & Co, Zeekr three brands appeared together carrying multiple heavy weight models to appear together, showing diversified product matrix; SEA-S Haohan architecture, intelligent electric drive and other core technologies appeared together, comprehensively presenting hard system strength in intelligent electrification field, becoming the focus of high attention of international media. In addition, Geely Monjaro EM-i, Lynk & Co 07GT completed European premiere, Zeekr concentrated exhibited luxury technology product matrix, planned to start Zeekr 9X European market delivery in January 2027.

Geely deeply cultivated European market and achieved scale breakthroughs, September Geely, Lynk & Co, Zeekr three brands European single month sales first broke through 10,000 units. At the same time, Geely Automobile UK local channel construction entered phase node, laying a foundation for scale growth. Geely Automobile UK 100th retail outlet successfully signed with UK's second largest automotive dealer Lithia Group, this means Geely Automobile has preliminarily completed channel layout in UK. Geely Automobile UK cumulative vehicle registrations broke through 10,000 units only 11 months after entering the market, and achieved single month registrations exceeding 5,000 units in September 2026.

Geely Automobile overseas market achieved a leap from single point breakthrough to multi-region synergy, from single model to full series flowering, formally entering a new stage of "multiple countries, multiple products, multiple capabilities" comprehensive growth. Zeekr global luxury pure electric market continued to break through, third quarter ranked first in Australian luxury brand sales, September Malaysia electric brand ranking rose to second. Geely mainstream market continued to expand, September won Panama Chinese brand passenger car sales first and January-September Chinese brand first, and in Tunisia September PHEV market full brand sales second, pure electric market full brand sales third.

New map continued to expand, Geely Automobile announced on October 9 officially entered Canadian market. Currently, Geely Automobile Canada subsidiary team is in place, local operation and sales and service network construction is advancing in synchrony, first batch of models planned to meet Canadian consumers in 2027.

Geely Automobile will continue to use "One Geely" as strategic guidance, accelerating globalization, high-endization, intelligence-driven, comprehensively releasing "Global AI Intelligent Automobile Leader" growth potential, will continue to convert multi-brand, technology and global operating advantages into more stable scale growth and higher value creation, promoting high-quality development to take a new step.

November 1, Geely Automobile Holdings Limited (0175.HK) announced the latest sales data: October sales reached 310,183 vehicles, breaking the 300,000-vehicle threshold for the first time this year, with consecutive double-digit growth in both year-on-year and month-on-month terms for 8 months, marking a 6% month-on-month increase. October sales of New Energy Vehicles (including Geely, Lynk & Co, and Zeekr) totaled 214,996 vehicles, representing a 21% year-on-year increase, surpassing 200,000 units in a single month for the first time, setting a new historical record; the proportion of New Energy Vehicle sales reached 69%, also setting a new historical record.

Brand influence and channel coverage synergistically improved overseas sales, with the overseas market entering a new stage of multi-point and multi-product growth. Overseas export sales exceeded 100,000 vehicles for five consecutive months. October overseas export sales were 107,153 vehicles, a 158% year-on-year increase. New Energy Vehicle export sales reached a new historical high, with October New Energy Vehicle export sales at 82,565 vehicles, a staggering 506% surge compared to the same period last year, and the proportion of New Energy Vehicle export sales increased to 77%.

Products, technology, and overseas operating systems have entered a new stage of scale growth, promoting Geely to continue expanding its sales volume while forming high-quality growth with greater sustainability and resilience. Momentum of million-level blockbuster products continued, newly launched models kept leading, and market growth momentum advanced from multiple sources; Hanxiao Pilot moved from million-level installations to high-frequency usage, and advanced technologies such as Methanol-Electric Hybrid accelerated towards mass production, expanding technology capability boundaries while releasing technology application value to enhance user recognition; the collective appearance of three brands at the Paris Auto Show and the performance results in multiple regional markets verified the deepening development of the overseas market system operation system.

Star Products Continue to Grow at Scale, New Products Further Expand Market Growth Potential

Geely covers mainstream, high-end, and luxury markets comprehensively. Continuous growth of blockbuster products, release of new product growth momentum, and continuous upgrade of mainstream models jointly promote the conversion of product technology momentum from the three brands into market growth momentum.

Geely brand oil-electric new products were launched simultaneously, further expanding the growth space of the mainstream market. October Geely brand sales volume was 255,742 vehicles, an 8% year-on-year increase and a 4% month-on-month increase.

Among them, the flagship model scale of the mainstream New Energy brand Geely Galaxy increased to a new level, and the momentum of new cars was released. October sales were 153,385 vehicles, setting a new monthly sales record, an 18% year-on-year increase, and a 20% month-on-month increase. Geely Star Wish sales exceeded 50,000 vehicles for five consecutive months, with October sales reaching 71,337 vehicles, and cumulative historical sales volume breaking the 1 million vehicle milestone. The 1 millionth mass-produced vehicle officially rolled off the line at the Geely Automobile Xiangtan Manufacturing Base, refreshing the global automotive market's million-vehicle roll-off speed record, with one complete vehicle rolling off every 55 seconds on average. In addition, Geely Galaxy E5 sales were 14,194 vehicles.

While consolidating the advantages of the mainstream market, Geely Galaxy further expanded incremental growth in the niche market. In its first month on the market, the C-level AI Pure Electric Sports Sedan Galaxy TT deliveries already exceeded 10,000 units. Geely's first New Energy Rugged SUV — Galaxy Battleship 700 officially launched on October 10, opening a new era of New Energy Rugged SUVs from four dimensions of architecture, power, intelligence, and safety. With five major full-scenario strength capabilities, it achieves a dual-peak experience in "City and Wild", with over 10,000 large orders in the first 12 minutes of launch.

With intelligence and HEVization as anchor points, Geely China Star continued to enhance the competitiveness of the fuel market. October sales volume was 102,357 vehicles. Among them, Binyue family sales were 25,075 vehicles, and Geely China Star high-end series October sales were 39,094 vehicles, with historical cumulative sales exceeding 2 million vehicles.

Geely China Star underwent intensive renewal, achieving a comprehensive leap in classic product strength. Geely Xingrui L PLUS was built based on the most advanced CMA architecture, equipped with Geely's most advanced i-HEV Intelligent Hybrid system, Hanxiao Pilot H5 and above assistance driving systems, and Flyme Auto intelligent cockpit; it also achieved several first-in-class launches including the first Laser Radar in fuel sedans, the first EVA Intelligent Robot, and the first Full-Scenario Blow-out Tire Stability System, leading comprehensively in six dimensions of aesthetics, energy saving, intelligence, comfort, handling, and safety; the Emgrand family is the first A-class sedan family in China with a sales volume exceeding 4 million vehicles. Its major upgrade — the new Emgrand Rising series launched. The new car was built based on the BMA Global Modular Architecture, promoting a comprehensive leap in product value; the 2027 Binyue comprehensively upgraded in appearance, comfort, intelligence, quality, and safety around family travel scenarios, reshaping a new benchmark for home SUVs within the 100,000 price range; the 2027 Bin Yue Super Power version comprehensively upgraded in appearance, driving experience, and safety configurations.

While the Geely brand continues to expand the mainstream market scale, Lynk & Co and Zeekr achieved breakthroughs in the high-end and luxury markets respectively.

Global New Energy High-end Brand Lynk & Co October sales volume was 21,958 vehicles, with a 19% month-on-month increase. Among them, New Energy product sales were 18,521 vehicles, with a 9% month-on-month increase.

Lynk & Co product strength and race results further strengthened brand competitiveness, accumulating momentum for subsequent growth. In terms of products, Lynk 07GT sales topped the Chinese Travel Car sales list for two consecutive months after its launch; the 2027 Lynk 08 EM-P will be launched and released on November 5; the official images of the 2027 Lynk 03 have been released to the public, kicking off a new round of product renewal.

In terms of racing, Lynk & Co, with stable performance throughout the year, officially crowned the annual team, driver, and model triple grand slam in the final race of the 2026 season TCR China Championship in Shaoxing. The Lynk & Co JetKai team defended the annual team championship title; driver Zhu Daiwei defended the annual driver championship title, and Lynk & Co 03+ TCR, China's first independent mass-produced TCR racing car, won the annual model championship title, consolidating its industry status as "China's Number One Automotive Sports Brand".

Global Luxury Tech Brand Zeekr, October deliveries were 32,483 vehicles, a 52% year-on-year increase, with monthly sales exceeding 30,000 vehicles for 7 consecutive months, brand momentum steadily improved. Among them, Zeekr 9X's first anniversary on the market continued to sell well, with an average transaction price of over 530,000 yuan per vehicle, recommended by more than 80% of owners proactively, ranking first in sales of models above 500,000 yuan from January to September;  Zeekr 8X sales near half a year, ranked first in sales of hybrid SUVs between 300,000 and 500,000 yuan; Zeekr 009 topped the sales of pure electric MPVs above 400,000 yuan from January to September. While market performance continues to break through, Zeekr further expanded brand volume. At the 2026 Chengdu Marathon, Zeekr 001 and Zeekr 007GT served as official timekeeper designated vehicles. In the Hangzhou Marathon event, Zeekr 8X also provided full-course escort, continuously enhancing brand influence.

Intelligent Application Scale Growth and Frontier Energy Technology Accelerated Implementation, System Innovation Consolidates Long-term Competitiveness

While achieving the value release of auxiliary driving technology towards installation and application, Geely accelerated the mass production implementation of frontier low-carbon technologies such as Methanol-Electric Hybrid, further strengthening its technical strength facing intelligent and green transformation, providing support for product upgrades and long-term competitiveness.

In terms of intelligence, Hanxiao Pilot not only broke through the 1 million installation milestone, but also led the entire industry with the dual firsts of "Scale Growth of Independent Brand Installations" and "Mileage Growth of Auxiliary Driving Usage" this year. The "Hanxiao 2026 Mid-Autumn Festival and National Day Travel Report" showed that as of October 7, 2026, cumulative Hanxiao owners reached 1.073 million, auxiliary driving activation rate was 93.9%, cumulative auxiliary driving total mileage was 3.14 billion kilometers, year-on-year growth of 252.6%. This indicates that Hanxiao has entered a stage of scale growth in installation scale and usage frequency. As the core carrier of Geely's intelligent strategy, it is accelerating its layout, relying on a multi-brand, multi-price product system to benefit a wider user group with auxiliary driving. User value continues to be released and usage willingness accelerates growth, promoting "Intelligent Driving Inclusiveness" to develop widely and deeply.

In terms of green frontier technology, Geely Galaxy's new generation Methanol-Electric Hybrid technology appeared at the 2026 Global Sustainable Leaders Conference. The world's first Methanol-Electric Hybrid Family Sedan Geely Galaxy Star Shine 6 EF served as the conference's official designated vehicle to provide shuttle services for global attending guests. Geely's new generation Methanol-Electric Hybrid technology will be officially released on November 3, breaking traditional energy constraints and opening a revolutionary era of energy. Geely Galaxy Star Shine 6 EF is about to officially launch recently, marking that Geely's Methanol Technology System has moved from deep accumulation to mass production scale, allowing Methanol to enter the mainstream passenger car market as a mass-produced family vehicle for the first time.

Overseas Operation System Accelerates Rooting, Multi-Region Growth Results Continuously Realized

Diversified product lineup, leading intelligent technology, and continuously deepened localization layout support each other, promoting the overseas market to enter a new stage of systematic growth. October overseas export sales were 107,153 vehicles, a 158% year-on-year increase. New Energy Vehicle overseas export sales maintained high growth rates, with October New Energy Vehicle export sales at 82,565 vehicles, a staggering 506% surge compared to the same period last year, and the proportion of New Energy Vehicle export sales increased to 77%.

Geely Automobile products accelerated layout, further enhancing brand awareness and influence in the overseas market. In October 2026, Geely Automobile Group appeared for the first time at the Paris Auto Show with a group lineup. Geely, Lynk & Co, and Zeekr, the three brands, appeared together with multiple heavyweight models to show a diversified product matrix; core technologies such as SEA-S Hanxiao Architecture and Intelligent Electric Drive appeared together, comprehensively presenting hard-core system strength in the field of intelligent electrification, becoming a highly focused point of international media. In addition, Geely Monjaro EM-i and Lynk 07GT completed their European debut, Zeekr concentratedly exhibited luxury technology product matrix, planning to start Zeekr 9X European market deliveries in January 2027.

Geely deepened cultivation in the European market and achieved scale breakthroughs. In September, single-month sales of Geely, Lynk & Co, and Zeekr brands in Europe broke through 10,000 vehicles for the first time. Meanwhile, Geely Automobile UK local channel construction entered a stage node, consolidating the foundation for scale growth. Geely Automobile UK's 100th retail outlet successfully signed with UK's second-largest auto dealer Lithia Group, which means Geely Automobile has preliminarily completed channel layout in the UK. Geely Automobile UK cumulative vehicle registration volume broke 10,000 vehicles only 11 months after entering the market, and realized monthly registration volume exceeding 5,000 vehicles in September 2026.

Geely Automobile's overseas market achieved a leap from single-point breakthrough to multi-region synergy, from single-model to full-system flowering, officially entering a new stage of "Multi-country, Multi-product, Multi-capability" comprehensive growth. Zeekr continued to break through in the global luxury pure electric market, ranking first in Australian luxury brand sales in the third quarter, and Malaysia electric brand ranking rose to second in September. Geely mainstream market continued to expand, achieving first place in China brand passenger car sales in Panama in September and first place in China brand overall sales from January to September, and also achieving second place in full-brand PHEV market sales and third place in full-brand pure electric market sales in Tunisia in September.

New territory continues to expand. On October 9, Geely Automobile announced formally entering the Canadian market. Currently, Geely Automobile Canada subsidiary team is in place, and local operations and sales and service network construction are advancing simultaneously. The first batch of models are planned to meet Canadian consumers in 2027.

Geely Automobile will continue to take "One Geely" as strategic guidance, accelerate globalization, high-endification, and intelligence driving, comprehensively release the growth momentum of "Global Domain AI Intelligent Automobile Leader", and will continue to transform multi-brand, technology, and global operating advantages into more stable scale growth and higher value creation, promoting high-quality development to reach a new level.

October has traditionally been a peak season for the auto market, but this year, affected by market pressure and a high base from the previous year, the "Golden September and Silver October" luster was significantly lacking. Data estimated by the CPCA showed that October terminal sales dropped significantly by 28% year-on-year. Against the backdrop of an overall downward trend in the market, Hyper Aion delivered a bright report: October sales reached 42,357 units, surging 56.79% year-on-year, not only creating a record of "eight consecutive months of year-on-year growth" but also setting a new high for the year.

This score report moving against the trend did not rely on short-term price wars to boost volume, but depended on technological accumulation and continuous product evolution to precisely respond to user needs, ultimately winning market trust, and turning the industry winter into a window for its own accelerated overtaking.

Reject "Speedy Cars", Use Hardcore Technology to Solve User Pain Points

Behind this score report is the user's genuine choice of spending money, and the user's recognition of Hyper Aion's technology. This powerfully counters the current industry chaos where market share grabs lead to continuously compressed new car development cycles, resulting in frequent "speedy cars". Speedy cars rely on marketing gimmicks derived from "configuration stacking", while Hyper Aion offers trust brought by long-termism. Relying on GAC's full-stack self-research system, it achieves full-stack self-research for core tri-electric systems, putting effort where users can see and cannot see.

When users purchase new energy vehicles, the primary concern is the safety and durability of the battery. The GAC self-research battery equipped by Hyper Aion — Yinpai Battery, officially rolled off the production line for the 300,000th unit recently, marking a key leap for GAC self-research batteries from technological confidence to market trust. At the same time, Yinpai Battery took a key step in "manufacturing going global", with its Thailand factory officially opening and producing the first set of power batteries. Yinpai Battery, through scaling and overseas application, has powerfully validated its own safety, reliability, and advanced technology.

Its supporting Snap Pack battery safety technology was the first to pioneer "No Fire on Gunshot", and even if the battery is twisted like a twist, it can still be used normally. To date, it has accumulated 1.62 million vehicles loaded and safely driven 162.7 billion kilometers, thoroughly eliminating user safety concerns with hardcore strength.

Range anxiety is another major pain point for users purchasing cars. A common practice in the industry is to simply stack large capacity batteries to push up range numbers, but this not only increases purchase costs, but batteries that are too heavy also directly affect vehicle handling and energy consumption performance. Hyper Aion chooses the route with higher technical difficulty — solidifying long range through technical optimization.

Electric drive is a key breakthrough for reducing energy consumption. Hyper Aion pushed amorphous alloy electric drive from the laboratory to the market, with the core adopting amorphous alloy strips with a thickness of only 0.025 mm, jointly tackled by GAC and the Dongguan Institute of Materials of the Chinese Academy of Sciences, successfully breaking through mass production barriers at the automotive standard; relevant processes have been listed in the national "Catalog of Technologies Prohibited or Restricted from Export", and won the highest award at the 51st Geneva International Exhibition of Inventions — "Special Commendation Gold Award of the Jury", an award known as "Gold within Gold". Certified by China Automotive Engineering Research Institute, the peak efficiency of amorphous alloy electric drive reaches 99.03%, and the CLTC working condition efficiency is as high as 94.184%, with both indicators ranking at the forefront of the industry. For consumers, this means that under the same battery capacity, the vehicle can run 30 to 50 kilometers further. Recently, the 500,000th Quark Electric Drive is also about to roll off the production line, fully demonstrating the market's widespread recognition of high-efficiency electric drive technology.

Besides the foundation of self-research tri-electric technology, Hyper Aion deeply partners with leading tech enterprises such as Huawei, CATL, WeRide, etc., to make good technology accessible to a broader range of users. Taking Ray7, loved by young people, as an example, it comprehensively considers multiple dimensions such as purchase cost, usage scenarios, durability, range, and performance, and achieves longer range with smaller capacity batteries through six innovation super additions, truly allowing users to obtain better experiences at lower costs.

Its core R&D logic can be summarized as "Improving Utilization Efficiency" and "Reducing Energy Loss". The former relies on the new generation Huawei DriveONE multi-in-one electric drive, with a comprehensive CLTC efficiency of up to 92.5%, and is paired with the all-new intelligent thermal management system to ensure the vehicle maintains efficient output under various working conditions; the latter exerts force from the driving resistance end, reducing caliper drag torque by 80% through the globally launched EMB full wire-controlled braking, combined with the class-leading 0.22Cd ultra-low drag coefficient, making the vehicle run more effortlessly. Energy consumption optimization extends to every power usage detail: the intelligent low-voltage electronic control scheme carries out refined allocation of vehicle electricity, allowing components such as headlights and intelligent driving sensors to further reduce energy consumption under the premise of ensuring performance; the high-strength steel-aluminum mixed lightweight body reduces weight from a structural level, reducing weight by more than 150 kilograms compared to pure electric sedans of the same size.

Under the superposition of six innovation technologies, Ray7 not only achieved a maximum CLTC pure electric range of 702 kilometers, but also became the world's first model to bring the energy consumption of a large 5-meter pure electric sedan into the "digit 9 range" with the excellent achievement of 9.7 kWh per 100 km in CLTC, breaking Tesla's long-term monopoly in this field.

For users, this means the purchase cost can be directly reduced by about 10,000 yuan under the same range conditions, while avoiding the increase in vehicle weight and deterioration of driving control caused by blindly stacking large capacity batteries. Aion Ray7 officially started pre-sale recently, with a pre-sale price of 128,800 yuan to 158,800 yuan. The number of orders exceeded 6,817 units within just 2 hours of pre-sale, and it will officially launch on November 12. Its "Four Super" crossover experience is deeply sought after by young users, and Ray7 will also provide sufficient development momentum for Hyper Aion.

Good Technology Wins Good Market, Product Matrix Blossoms Both Domestically and Internationally

Solid technical foundation must ultimately be converted into product values perceivable by users. In a market environment of information overload, user car purchase decisions are accelerating back to the essence — not looking at traffic volume, but seeing who can precisely meet their own needs. And the Hyper Aion product matrix equipped with the above core technologies has continued to gain market recognition this month.

Among them, the "Cultivation-style Best-seller" Aion i60 welcomed the delivery of the 100,000th unit recently, creating a new record for the fastest dual-power SUV to reach 100,000 deliveries. With the achievement of continuous monthly sales exceeding 10,000, it validates the correctness of the route of "driving product iteration with user feedback". i60 has always continuously evolved around users' real needs, firmly occupying the preferred positioning for Chinese family new energy SUVs.

While the domestic market is blooming in multiple points, the overseas market has also become an important growth pole for Hyper Aion. As the vanguard and main force of GAC going global, Hyper Aion products such as Aion UT and AION V continue to land in Singapore, Thailand, Colombia, Saudi Arabia, UAE and other countries and regions, with market rankings firmly standing at the forefront locally. In the first three quarters of this year, GAC's cumulative export volume has reached 197,701 units, up 138.9% year-on-year, fully attacking the 300,000 unit annual goal — the growth pattern of domestic and overseas two-way pulling has already taken shape.

The sales high of October is not accidental. From attacking underlying technologies such as Yinpai Battery and amorphous alloy electric drive, to i60 continuously exceeding 10,000 monthly sales, Ray7 pre-selling and selling hot, to the overseas market contributing strong increments, a positive cycle of technology driving products, products winning reputation, and reputation feeding sales is accelerating operation within the Hyper Aion system. When the frenzied price war recedes, what truly determines the competition pattern is the strategic patience and solid foundation. Guided by the "Panyu Action", Hyper Aion proves a simple market logic with the fact of continuous eight-month counter-trend growth: The industry can decline, but good products always have their own upward channel.

On the evening of October 29, BYD released its 2026 Q3 report: Third quarter revenue was 221.488 billion yuan, up 13.59% year-on-year; net profit attributable to the parent company was 10.02 billion yuan, up 28.08% year-on-year, with single-quarter profit returning to the 10-billion yuan mark. Looking at the longer term, it is even more obvious: global sales for the first three quarters were 3.1316 million vehicles, of which overseas passenger cars and pickups sold 1.338 million, a surge of 92% year-on-year, with the overseas sales ratio rising to 42.7% — roughly one out of every two cars sold is exported overseas.

Three Numbers Behind the 10 Billion

Looking solely at the third quarter, the profit growth rate (28.08%) clearly outpaced the revenue growth rate (13.59%), indicating that the ability to generate revenue per vehicle is strengthening. September single-month sales surged to 463,600 vehicles, breaking the annual record, up about 17% year-on-year; overseas sales for that month were 179,900, surging 153.9% year-on-year, with the export ratio nearing 40%. Among them, September new energy exports exceeded 180,000 vehicles, up about 154% year-on-year, making it the single automaker with the fastest overseas expansion pace in the entire industry.

The profit structure is also optimizing simultaneously. Fang Cheng Bao, Denza, and Yangwang, the three high-end brands, had a combined sales volume of 410,000 vehicles for the first three quarters, up 75% year-on-year, accounting for over 13% of total sales. The proportion of high-end vehicles rising, combined with overseas market per-vehicle profit generally being better than domestic, jointly pushed the third-quarter gross margin up. Institutional research reports generally believe that overseas sales volume continues to expand, and profit elasticity is still ahead.

European Factory Starts Operations

Supporting overseas growth is not just the export fleet, but also local manufacturing. The Szeged, Hungary factory officially entered the mass production phase in October; this is BYD's first new energy passenger vehicle base in Europe, with Phase I having an annual capacity of 150,000 vehicles, the first models coming off the line being Dolphin Surf (Seagull) and others. Against the backdrop of the EU levying additional tariffs on imported electric vehicles, local production means tariff costs go directly to zero, and cars bought by European users will be cheaper and delivered faster.

Tailwinds from the broader environment are also blowing. Market research institution data shows that in the first half of 2026, sales volume of Chinese brands in Europe was 531,900 vehicles, up 90.6% year-on-year, with growth far exceeding the overall European auto market, and BYD's cumulative registrations in Europe have caught up with Tesla. Overseas factories in Thailand, Brazil, Uzbekistan, and Indonesia had previously commenced production successively. Adding this key move in Hungary, "Chinese Export" is turning into "Global Manufacturing".

Overseas Markets are the Deciding Factor in the Second Half

Wang Chuanfu's previously set overseas annual sales target of 1.5 million vehicles, judging by the pace of 1.338 million in the first three quarters, will likely be exceeded. For an automaker selling millions of vehicles annually, the overseas proportion climbing from over 20% to over 40% means revenue structure, risk resistance ability, and brand premium have all changed a level of magnitude. The quality of this 10-billion-yuan profit report from the third quarter mainly comes from here.

Conclusion

To measure the globalization quality of an automaker, export volume is just the pass line, and overseas capacity landing is the bonus item. The highlight of BYD this quarter is not just single-quarter net profit breaking 10 billion, but the sound of machines turning at the Hungary factory — when overseas sales account for over 40% and European production lines start ramping up, this company earns not just the money from "China manufacturing cost advantage", but the money from the global market in the true sense. This path from selling cars to making cars is being verified with real money.

Cumulative sales have surpassed 2 million vehicles. Placing this number within the entire Chinese automotive industry's coordinate system carries enough weight: On October 28, SAIC-GM-Wuling announced that the cumulative sales of the Wuling Hongguang MINIEV family have officially exceeded 2 million! Furthermore, the Wuling Hongguang MINIEV family has secured the domestic A00-class pure electric sales champion title for 74 consecutive months, topped the cumulative sales list for Chinese brand pure electric single models, and has firmly held the number one position globally for micro new energy vehicle cumulative sales.

It can be said that the sales figures are merely the performance. Behind the Wuling Hongguang MINIEV family lies a complete leap spanning six years with five generations, from pioneering a category to setting standards, and finally leading the industry.

In July 2020, the Hongguang MINIEV emerged, establishing the product power of "Good looking, easy to drive, easy to park, easy to save." Among them, the Classic Edition was responsible for breaking the ice, making new energy travel within reach; the Macaron and GAMEBOY editions pioneered the trendy modification trend; the subsequent Third Generation Wuling Hongguang MINIEV strengthened configuration and driving quality; the Four-Door Edition, as the first four-door four-seat A00-class new energy commuter car, directly opened the era of four-door commuter cars; the Fifth Generation continued the practical advantages of the four-door design, using long-range capabilities to expand the travel radius.

It can be said that every iteration of the Wuling Hongguang MINIEV family is not about upgrading specs for the sake of specs, but rather upgrading based on users' real pain points. The Wuling Hongguang MINIEV family changed the stereotype that A00-class small cars are merely commuter tools, becoming young people's first car and families' second car.

It is worth mentioning that in the commuter small car market, excellent contenders are not just the Hongguang MINIEV, but many hit cars only flash in the pan. The reason lies in the lack of system support behind them.

However, the Wuling Hongguang MINIEV family aims to build systemic strength: You know, the Wuling Hongguang MINIEV family participated in formulating 2 international standards, 202 national standards, and 50 industry standards, releasing five new standards for micro new energy commuter vehicles. Behind this is the technical support from the Guangxi New Energy Vehicle Laboratory and the Academician Team, as well as the underlying support of the Wuling "Heaven-Spirit-God" technology system. It doesn't stop there; in the manufacturing end of the Wuling Hongguang MINIEV family, SAIC-GM-Wuling's globally首创 Smart Island Manufacturing System (I²MS) is quite impressive. It was selected for the 2025 National "Navigator-level Smart Factory" Cultivation List, achieving 0.1mm level part assembly precision, 98% chassis consistency, and an installation error rate approaching zero.

As a result, at the user end, it brings owners a stable, reliable, and worry-free actual experience. It can be said that commuter cars are not synonymous with cheap cars; they also need a high-standard manufacturing system to support them. This point has been fully implemented by SAIC-GM-Wuling.

Moreover,凭借过硬的实力和良好的口碑，the Wuling Hongguang MINIEV family also secured the 2025 New Energy Micro Car China Automotive Quality Award, the top Pure Electric Micro Car Resale Value Rate, the highest China New Energy Vehicle User Satisfaction, and other honors, receiving high recognition from the market and authoritative institutions.

At the same time, the Wuling Hongguang MINIEV family has formed a huge owner culture circle. From car decals and cockpits to styling, owners use creativity to decorate their beloved cars; from user festivals to trunk markets, people from all corners of the world come together because of the Hongguang MINIEV. The Wuling Hongguang MINIEV family has always played together with users. From Yili Ranch to Nailong and Weilong, cross-over co-branding repeatedly breaks boundaries, making this small car exceed the category of a commuter tool and become a social card for displaying personality.

While the domestic market is developing vigorously, the Wuling Hongguang MINIEV family has also entered Indonesia, Vietnam, Laos, Myanmar, Cambodia, Honduras in Latin America, and other ten countries and regions, providing a Chinese solution for global new energy travel.

Conclusion:

It must be said that the moat of the Wuling Hongguang MINIEV family is the iteration speed brought by over 2 million real owner feedbacks, the excellent cost control of Wuling, the quality baseline supported by the Smart Island Manufacturing System, and also the execution capability of the concept "If the people need it, Wuling makes it" landing into reality.

From pioneering a category to leading standards, the Wuling Hongguang MINIEV family will surely continue to bring us more surprises.

Among countries where car sales statistics were available in September 2026, a few nations including China, South Korea, and Russia saw a year-over-year decline, while the US, India, Brazil, UK, and most Western European nations generally achieved positive growth.

China continued to firmly hold the top spot globally, with September sales at 2.956 million, approaching the combined total of the US (1.31 million), India (458,000), and Japan (434,000). However, due to pressure on domestic demand, it fell 8.4% year-over-year for the month. The cumulative sales situation for the first three quarters was similar, with a slight year-over-year drop of 4.5%. It is worth mentioning that Chinese new energy brands surged against the trend in multiple overseas markets, becoming the largest structural highlight in the global car market.

The US (1.31 million) September sales rose, up 4.3% year-over-year, but cumulative sales for the year (12.026 million) dipped 2%, with high fuel prices and overall costs being the main factors for the decline.

India (458,000) September sales hit a record high for the same period, surging nearly 21% year-over-year. Cumulative sales for the year (3.958 million) set a new record, up 22% year-over-year.

The recovery trend in the Western European market is obvious. The UK (350,000) September sales were up 12% year-over-year, setting a nine-year high for the same period, with cumulative sales up 10.2% year-over-year; Germany, France, Italy, Spain September growth was around 10%; North American countries such as the US, Canada, and Mexico all achieved positive growth, with Canada growing for four consecutive months; Brazil (269,000) September sales surged 21.5%, setting a record high for the same period since 2014, with cumulative growth nearing 20%.

Asia-Pacific countries show sales divergence. Countries such as India, Indonesia, Vietnam, Thailand, and Malaysia generally grew around 10%, while China, South Korea, Russia, Turkey, and Argentina sales contracted significantly, with Turkey down over 20%. South Korea faced pressure due to declining domestic car sales; Russia's September sales dropped 6.2%, but cumulative growth for the year was 7.2%.

The global car market will continue to diverge in the fourth quarter. The US, Europe, and other parts of the market will grow moderately. China's domestic demand repair awaits alignment between policy and consumer sentiment. However, the globalization process of Chinese new energy brands will become an important strand in reshaping the global automotive industry landscape.

On October 22, 2026, SAIC-GM-Wuling announced that the cumulative sales of the Bingo Family surpassed 800,000 units. This milestone data proves that it has transcended the limitations of a single hit product and matured into a user-oriented product family in the A0-class new energy commuting segment. Since the first Bingo went on sale in 2023, within three years, the Bingo, Bingo Plus, Bingo S, and Bingo Pro four models were launched successively, forming a product matrix with clear gradients. In August and September of this year, the Bingo Family's monthly sales exceeded 20,000 units for two consecutive months, stably ranking in the first tier of small pure electric sedans.

Under the matrix stratification, each vehicle model has its own focus. Bingo Pro focuses on entry-level full configuration, starting at 56,800, with 80+ standard configurations. The five-door five-seater design paired with high space efficiency, the 403km version supports 15-minute 30%-80% fast charging, lowering the entry threshold for premium commuting. The Bingo S targets higher quality needs, with up to 525km range, featuring liquid-cooled batteries, 74.5% high-strength steel content, standard four airbags, and smart infotainment with wireless fast charging, catering to family travel needs.

A series of industry awards form an endorsement of the product's technical strength. Bingo won the Silver Award for Design at the China Patent Awards, Bingo S won the International CMF Design Award and China Top 10 Car Bodies, and the 12-in-1 electric drive of Bingo Pro received the domestic first five-star quality electric drive certification, pulling the evaluation standard of A0-class vehicles from low price, easy to drive and park, up to the dimension of overall vehicle quality.

While establishing a foothold in the domestic market, the Bingo Family continues to expand overseas, with products landing in markets such as Indonesia, Thailand, and Pakistan. Wuling is not simply exporting modified models, but exporting the mature premium commuting model verified domestically. 800,000 units represents the market's recognition of the trend of premium commuting consumption upgrade, and also establishes the Bingo Family's leading position in the A0-class pure electric market.