China's passenger vehicle (PV) market achieved another retail sales record of 2.241 million PVs in September, up 6.3% YoY or 11% MoM, surpassing the previous historical peak of 2.19 million PVs hit in September 2017 by 50,000 PVs, according to data released by the China Passenger Car Association (CPCA).
A total of 17.005 million PVs have been retailed YTD, up 9.2% YoY. Specifically, the cumulative retail growth rate in China's car market has risen from 1.2% in 2M25 to 11% in 1H25. The 3Q25 growth rate hovered around 6%, which indicated a deceleration characteristic of a high base, in line with the early-year forecast of an "ascending then stable" pattern.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
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21041 |
24.77 (-) |
0.180 |
4.2 X |
| GEELY (C) |
17185 |
22.05 (-) |
0.119 |
6.5 X |
| GEELY (Bull) |
58465 |
17.8 (18.3) |
0.046 |
8.6 X |
| GEELY (Bull) |
67894 |
17 (17.5) |
0.060 |
6.6 X |
| GEELY (Bear) |
56696 |
24.5 (24) |
0.087 |
4.6 X |
| GEELY (Bear) |
56088 |
22.5 (22) |
0.051 |
7.8 X |
| BYD (C) |
20173 |
133.98 (-) |
0.040 |
8.9 X |
| BYD (C) |
19097 |
131.98 (-) |
0.077 |
4.6 X |
| BYD (C) |
18941 |
128.433 (-) |
0.068 |
3.8 X |
| BYD (P) |
17863 |
100.78 (-) |
0.235 |
3.8 X |
| BYD (Bull) |
66055 |
97.6 (99) |
0.073 |
14.2 X |
| BYD (Bull) |
55270 |
96.1 (97.5) |
0.017 |
12.2 X |
| BYD (Bear) |
54812 |
117.4 (116) |
0.118 |
8.8 X |
| BYD (Bear) |
65951 |
113.4 (112) |
0.089 |
11.7 X |
| XIAOMI (C) |
15669 |
60.93 (-) |
0.042 |
5.8 X |
| XIAOMI (C) |
14590 |
56.04 (-) |
0.107 |
3.8 X |
| XIAOMI (C) |
15792 |
55.93 (-) |
0.108 |
3.8 X |
| XIAOMI (P) |
14219 |
46.45 (-) |
0.122 |
3.1 X |
| XIAOMI (P) |
16080 |
38.53 (-) |
0.054 |
4.0 X |
| XIAOMI (Bull) |
56314 |
44.6 (45) |
0.023 |
20.2 X |
| XIAOMI (Bull) |
58670 |
43.1 (43.5) |
0.038 |
12.2 X |
| XIAOMI (Bear) |
69644 |
52.4 (52) |
0.049 |
9.5 X |
| XIAOMI (Bear) |
56394 |
50.4 (50) |
0.034 |
13.7 X |
| LI (Bull) |
57722 |
79.8 (83.8) |
0.074 |
11.7 X |
| LI (Bull) |
62637 |
74.8 (78.8) |
0.028 |
6.2 X |
| LI (Bear) |
57730 |
109 (105) |
0.200 |
4.3 X |
| GWMC (C) |
14653 |
21.52 (-) |
0.150 |
3.8 X |
| NIO (C) |
14657 |
77.827 (-) |
0.188 |
2.6 X |
| NIO (C) |
19837 |
61 (-) |
0.171 |
3.2 X |
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17964 |
108.78 (-) |
0.138 |
2.9 X |
| XPENG (Bull) |
55873 |
73.5 (75) |
0.120 |
7.0 X |
| XPENG (Bull) |
64592 |
70 (71.5) |
0.154 |
5.5 X |
| TSLA (C) |
10010 |
530 (-) |
0.750 |
4.0 X |
| TSLA (P) |
10011 |
370 (-) |
0.580 |
3.0 X |
