The performance of the automotive market's 'Silver October' this year is very outstanding!

As of the evening of November 1st, most new energy vehicle companies have released their October automobile delivery data. In terms of overall sales volume, Leapmotor, Xpeng, DeepBlue, Zeekr, Xiaomi, Lantu, Avita, Zhiji, Jihoo and other nine major new energy brands have all set historical highs in delivery volume.

It is worth noting that LI Auto Inc. has surpassed the 0.05 million mark in delivery volume for two consecutive months, ranking first among new energy brands; with the three popular models C10, C11, and C16, Leapmotor's delivery in October is approaching 0.04 million units, exceeding that of Byd Company Limited (expected around 35,000 units).

Additionally, benefiting from the successful market launches of M03, Zeekr X, and S05, Xpeng, Zeekr, and DeepBlue have all reached record-high delivery volumes, with DeepBlue approaching 0.03 million units.

LI Auto Inc. again exceeded 0.05 million, Xiaomi first surpassed 0.02 million units.

Specifically, in October, the sales data of new energy vehicle companies are as follows:

LI Auto Inc. delivered 51,443 new vehicles in October, a year-on-year increase of 27.3%.

As of October 31, 2024, Li Auto Inc delivered a total of 393,255 vehicles in 2024, with a cumulative delivery volume of 1,026,619 vehicles.

In October, Xpeng delivered 23,917 smart electric vehicles, a 20% year-on-year increase, and a 12% increase month-on-month, setting a new record for monthly delivery volume.

Among them, Xpeng MONA M03 has delivered over ten thousand vehicles in the two months since its launch. From January to October 2024, Xpeng delivered a total of 122,478 new vehicles, an increase of 21% year-on-year.

In October, NIO Inc delivered 0.021 million vehicles, a 30.5% year-on-year increase.

Among them, NIO brand delivered 0.0167 million vehicles, and Levee brand delivered 4319 vehicles. As of October 31, 2024, the cumulative delivery volume of vehicles reached 0.6199 million. Levee brand production and delivery volumes have steadily increased, operating in 166 Levee centers and experience stores in 60 cities in China, seamlessly connected to 584 NIO power swapping stations.

In October, BYD's sales of electric vehicles reached 502,657 units, compared to 301,833 units in the same period last year.

Among them, pure electric passenger vehicles were 189,614 units, and plug-in hybrid vehicles were 310,912 units. The sales of new energy vehicles in the first 10 months reached 3,250,532 units, an increase of 36.49% year-on-year.

Xiaomi SU7 delivered over 20,000 units in October, with a single-month delivery exceeding 0.02 million units for the first time, and is expected to reach the annual delivery target of 0.1 million units ahead of schedule this month.

Leapmotor delivered 38,177 vehicles in October, a year-on-year increase of 109.7%, setting a new monthly delivery record for consecutive months.

In October, Leapmotor also set a new record for order volume, with monthly orders exceeding 42,000 vehicles. Orders for the C10, C11, and C16 models all exceeded 10,000. At the same time, the first model of the all-new B series, Leapmotor B10, will make its domestic debut at the Guangzhou Auto Show in November.

Chongqing Sokon Industry Group Stock's new energy vehicle sales in October were 0.036 million units, a year-on-year increase of 104.61%.

Among them, Chongqing Sokon Industry Group Stock's vehicle sales were 0.0339 million units, a year-on-year increase of 133.84%. Sales of other models were 7460 units, a year-on-year decrease of 32.08%.

Zeekr delivered 25,049 vehicles in October, a year-on-year increase of 92%, and a month-on-month increase of 17%, reaching another historical high.

A total of 167,922 vehicles were delivered in the first 10 months, an 82% year-on-year increase. At the same time, Zeekr announced limited-time purchase benefits for November, introducing the first cross-model joint action of the year across all models, saving up to 0.11 million yuan.

Hongmeng Zhihang delivered a total of 41,643 new vehicles in October.

Among them, the WENJIE M9 delivered 16,004 units, with a cumulative order of over 0.16 million units in 10 months; the WENJIE M7 series delivered 15,836 units, with a monthly order of over 0.02 million units, and this year, the new WENJIE M7 deliveries have exceeded 0.17 million units; the ZHIJIE R7 delivered 4,730 units, with an order of over 0.03 million units in 33 days since its release.

Blue October delivery volume was 27,862 vehicles, with a total system order of 36,277 vehicles. In addition, the Blue S05 was launched with over 10,000 orders in the first 10 days, and began large-scale deliveries.

EA sold a total of 40,052 new cars in October, a slight increase compared to September, with a total of 323,946 new cars sold from January to October. EA has been firmly in the top three positions in the new energy list.

In October, Smart sold 10,001 units, a year-on-year increase of 149% and a month-on-month increase of 121%, reaching a historical high.

In October, Lantu Auto delivered 10,157 new cars, breaking the ten thousand mark for two consecutive months. From January to October, Lantu Auto delivered a total of 62,705 new cars, an 87% increase year-on-year, achieving a six-month consecutive increase in monthly sales.

"Golden September" has achieved remarkable results, and automotive consumption is expected to continue to recover.

Recently, the China Association of Automobile Manufacturers released the September 2024 automotive production and sales data, as well as the economic operation situation. Among them, the new energy vehicle sector is thriving.

In September, the production and sales of new energy vehicles reached 1.307 million units and 1.287 million units respectively, with year-on-year increases of 48.8% and 42.3% respectively. The sales volume of new energy vehicles accounted for 45.8% of the total new vehicle sales. From January to September, the production and sales of new energy vehicles reached 8.316 million units and 8.32 million units respectively, with year-on-year increases of 31.7% and 32.5% respectively. The sales volume of new energy vehicles accounted for 38.6% of the total new vehicle sales.

Looking ahead, Wanlian Securities pointed out that in the domestic market, the National Development and Reform Commission and the Ministry of Finance issued "Several Measures to Support Large-scale Equipment Renewal and Trade-In of Consumer Goods", proposing to support the scrapping and renewal of old operating trucks, increase subsidies for new energy buses and power battery upgrades, and raise the subsidy standards for scrapping and renewal of vehicles. The strong policy support at the policy level will further unleash the replacement demand in the existing market, and the automotive industry is expected to usher in a new round of growth opportunities; in terms of exports, China's automotive cost-effectiveness advantage is obvious, with the continuous improvement of domestic automotive technology and the continued improvement of supporting services, the momentum of export growth is expected to continue. The resonance of domestic and foreign demand is expected to drive the stable development of the automotive industry, and the institution recommends focusing on high-quality automotive companies with brand, market advantages, and active deployment in overseas markets.

Dongguan Securities also stated that the trade-in policy continues to advance, coupled with the peak season for consumption and promotional discounts, is expected to continue to stimulate the consumption potential of the auto market, continuing the strong trend of "Golden September" consumption, and the performance of domestic independent brands continues to strengthen. The export of automotive independent brands continues to grow, combined with capacity going abroad, is expected to enhance international competitiveness to cope with the uncertainty of overseas tariff policies and changes in import and export regulations.