According to the securities times app, CICC released a research report stating that in September of this year, major electric vehicle companies saw a month-on-month growth in sales. Among them, BYD Company (01211) set a record with sales exceeding 0.4 million units for the first time; li auto inc-W (02015) reached a historical high of 0.0537 million units; xpeng-W (09868) benefited from the significant contribution of its "MONA M03" model, with delivery volume exceeding 0.02 million units.

The bank expects that Xiaomi Corporation-W (01810) will achieve a new record of 0.015 million to 0.016 million units in sales in September, with weekly delivery volume reaching 6,000 to 7,000 units by the end of September. Taking into account the accelerated pace of capacity release ahead of schedule, the bank expects Xiaomi's annual delivery volume to reach 0.13 million units or higher and exceed previous expectations.

CICC points out that benefited by favorable stimulus policies, continued recovery of consumer confidence, and the manifestation of the bull market wealth effect, it is expected that the Chinese auto market will continue its peak season features in the fourth quarter and is expected to achieve growth beyond expectations. In the medium term, the bank is bullish on Xiaomi, li auto inc, and Fuyao Glass (03606). The bank also recommends paying attention to Nio Inc and Geely Auto (00175).