Overview
- Official CPCA data show October NEV retail at 1.282 million units, retail penetration at 57.2%, NEV exports at 251,000, and year‑to‑date NEV retail at 10.151 million up 21.9%.
- Product cycle intensifies: Dongfeng Yipai eπ007+ launched with standard lidar and SA8295P chip from 139,900 yuan, Changan Qiyuan Q05 will list on November 21 in Guangzhou with 405/506 km CLTC ranges, and Huawei’s Hongmeng Zhixing Xingjie S9 logged over 8,000 small deposits in 72 hours with a 318,000‑yuan pre‑sale.
- Regulatory filings reveal more entries, with Volkswagen Anhui’s Yuzhong 08 mid‑large EV SUV (5,000 mm length, dual‑motor, 800 V fast charge, 700+ km CLTC) and FAW Bestune’s Yueyi 08 mid‑large electric sedan appearing on MIIT lists; separate spy photos suggest Nissan’s unannounced N8 electric SUV under testing.
- Strategic capital deepens: Newstone confirmed a D round exceeding $600 million with China Mobile’s fund participating and both sides forming plans for city‑logistics AV co‑development, while Shanghai XDream raised tens of millions of RMB to build cognitive companionship robots; OpenAI’s Sam Altman also outlined a plan to sell compute and described an about $1.4 trillion eight‑year data‑center buildout.
- Ecosystem performance strengthens, with Huawei QianKun cooperation brands reporting over 100,000 October sales and a roundup citing CPCA data reporting Xiaomi Auto retail at 48,654 units with YU7 at 33,662, a figure reported as exceeding Tesla Model Y for the month.