The report card of china's electric vehicles market in 'Golden September and Silver October' is out. On November 1st, major domestic vehicle companies focusing on new energy vehicles production and sales successively released the sales data for October 2024, with many companies achieving record highs. Byd's monthly sales of electric vehicles reached 0.5 million vehicles, setting a new record. Xiaomi Motors' monthly sales surpassed 0.02 million vehicles for the first time, reaching its goal. Li Auto Inc.'s delivery volume in October continued to exceed 0.05 million vehicles, leading the new forces in vehicle production. Vice chairman and secretary general Zhang Yongwei of China Electric Vehicle One Hundred People's Association stated in Shanghai on November 1st that the region globally with the fastest growth in new energy vehicles is mainly focused on emerging markets represented by China. Chinese electric vehicle companies such as byd and li auto inc have started to make profits, crossing the profitability inflection point.
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