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Yamato: Orders for new energy vehicles in China rose 48% weekly, and momentum for most brands improved

Zhitongcaijing·11/04/2026 07:49:04
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The Zhitong Finance App learned that according to weekly NEV order data, China's NEV market continued to recover in the 43rd week (October 26 to November 1), with total orders increasing by 48% to 207,000 units on a weekly basis. Order momentum from most major automakers improved, and eight of the top ten tracking brands recorded weekly growth.

At the brand level, Ideal Automobile-W (02015) and Xiaopeng Group-W (09868) surged 840% and 240% on a weekly basis, significantly superior to the market; Xiaomi Group-W (01810) rose 28% weekly, Geely Auto (00175) increased 17% weekly, Tesla (TSLA.US) rose 14% weekly, and NIO SW (09866) also maintained positive growth.

Looking forward to the future, upcoming models and year-end promotions may further support demand. However, competitive pressure is still intense, and performance at the brand level is expected to continue to diverge.