Financial Union, October 12th News (Reporter Xu Hao) On October 12th, China Association of Automobile Manufacturers released data showing that the automobile sales volume in September was 2.809 million vehicles, an increase of 14.5% month-on-month, and a decrease of 1.7% year-on-year. Among them, new energy vehicles continued their rapid growth trend, with sales of 1.287 million vehicles, a 17% increase month-on-month, and a 42.3% increase year-on-year. The sales of new energy vehicles accounted for 45.8% of the total sales of new vehicles.

"In the third quarter, with the strengthening of national-level subsidies for car scrappage and renewal, local replacement and renewal policies are gradually taking effect. Coupled with car companies launching autumn new products one after another, the passenger vehicle market is gradually warming up, especially with continuous strength in the terminal retail market, and the 'Golden September' effect continues to show," said Chen Shihua, Deputy Secretary General of the China Association of Automobile Manufacturers.

Financial Union reporters have compiled the September sales of 14 A/H-listed automotive companies, all achieving month-on-month growth; among them, 9 companies achieved year-on-year growth, accounting for more than 60%, showing the traditional peak season consumer enthusiasm.

In September, BYD continued to dominate, with sales exceeding 0.4 million vehicles for the first time, a 45.91% year-on-year increase; from January to September, cumulative sales reached 2.7479 million vehicles, a 32.13% increase. BYD's key technology released this year, the fifth-generation DM hybrid system, and models equipped with the fifth-generation DM hybrid system successively launched, are important reasons for its sales growth.

Geely Auto sold 0.2019 million vehicles in September, a 20.96% increase year-on-year, with new energy sector sales of 0.0911 million vehicles, accounting for 45.13% of total sales. In terms of brands, Geely brand sold 0.1548 million vehicles, Lynk & Co brand sold 0.0258 million vehicles, while Zeekr brand's September sales reached 0.0213 million vehicles, achieving a new monthly sales record for the brand. According to the plan, Geely will also launch models such as Geely Starwish, Zeekr MIX, Lynk & Co Z20, and Galaxy Starchaser 7 within the year.

With the performance of the Seres series, Sokon Industry Group Stock achieved a 148.3% year-on-year growth in September, with sales reaching 0.0446 million vehicles; cumulative sales from January to September were 0.3694 million vehicles, a 170.07% year-on-year increase. According to Hongmeng Intelligent Travel disclosed data, AITO Seres series delivered 35,560 new vehicles in September. In terms of individual models, Seres M9 series delivered 15,496 units, and the new Seres M7 series delivered 16,805 units.

In September, new forces in the automotive industry also achieved 'breakthroughs.' Li Auto, Leapmotor, and Xpeng all set new delivery records, with Nio also achieving over 20,000 deliveries for the fifth consecutive month. In September, Li Auto delivered 0.0537 million new vehicles, a 48.94% year-on-year increase, setting a new delivery record. Leapmotor delivered 0.0338 million vehicles in September, a 113.72% year-on-year increase, achieving a new monthly delivery record and exceeding 0.03 million deliveries for two consecutive months. With the contribution of the first model MONA M03 under the second brand MONA achieving over ten thousand deliveries in the first complete delivery month, Xpeng achieved over 0.02 million deliveries again after an 8-month interval, surpassing Nio. Nio delivered 0.0212 million new vehicles in September, of which Nio brand delivered 0.0203 million new vehicles, a 30.1% year-on-year increase.

In September, the gasoline car market and the new energy car market still showed a differentiated trend. Among the 5 car companies with year-on-year decline, except for saic motor corporation, guangzhou, chongqing changan automobile, dongfeng, and great wall motor all had a new energy product sales ratio of less than 30%.

saic motor corporation sold 0.3132 million vehicles in September, a year-on-year decrease of 35.03%. In terms of brands, including Saic Volkswagen, and Saic-Gm joint venture brands, all brands under saic motor corporation experienced a steep decline, with only the new energy brand ZEEKR showing growth.

Similarly, guangzhou automobile group sold 0.1826 million vehicles in September, a year-on-year decrease of 25.03%. All four major brands under them fell, with their new energy vehicle sales in September at 0.0469 million vehicles, also showing a rare 19.11% year-on-year decline in the new energy market for September.

Additionally, chongqing changan automobile, affected by joint venture brands, sold 0.2132 million vehicles in September, a year-on-year decrease of 9.98%. Great wall motor sold 0.1084 million vehicles in September, a year-on-year decrease of 10.88%, trailing behind old competitors Byd and Geely.

"With the weather turning cold and the completion of the autumn harvest, the buying enthusiasm in rural areas will gradually increase, and the market for new energy vehicles and mid-to-low-end gasoline vehicles will also gradually heat up." Cui Dongshu, the Secretary General of the China Passenger Car Association, has repeatedly emphasized that only with "strengthened hybrid power" can the overall situation of the automotive industry continue to be stable and improve.

Regarding the performance of the automobile market in the fourth quarter, Cui Dongshu predicts that the overall Chinese automobile market will strengthen, especially with policies like "trade-in for new" helping to boost consumer spending. The fourth quarter automobile market is expected to show a strong growth trend towards the end of the year. "We look forward to the stock market presenting stable and sustainable growth, providing better growth momentum for the automotive market," said Cui Dongshu.