
ThinkerCar | Real-time China NEV data & insights | Empowering 200+ global clients with intelligence & consulting | [email protected]
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Joined February 2023
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• #BYD leads with RMB 66.5B in revenue, despite its main brand's ATP being just RMB 123k. FCB (RMB 206k) and Denza (RMB 354k) complete its brand hierarchy.
• In the RMB 400k+ ATP segment, #NIO (RMB 449k), Luxeed (RMB 424k), and Aito (RMB 419k) lead. Notably, NIO and Aito each generate around RMB 28B in revenue, while Luxeed stands at RMB 10.6B.
• #Xiaomi posted RMB 27.4B in revenue at an ATP of RMB 271k, carving a strong niche in the RMB 200k–300k segment. Leapmotor took a volume-driven approach: an ATP of RMB 120k yielded RMB 25.7B in revenue.
• #BYD leads revenue by a wide margin with RMB 22.4B total and an ATP of RMB 123k; within the group, FCB sits at RMB 207k and Denza at RMB 361k, anchoring the mid-to-high-end segment.
• Top 3 by ATP: AITO RMB 459k, #NIO RMB 447k, Luxeed RMB 432k. #Huawei-affiliated brands show strong pricing power, while NIO’s pricing base remains solid.
• The RMB 250k–300k band is highly competitive, with Tesla at RMB 282k, #Xiaomi at RMB 276k, LiAuto at RMB 289k and others clustered in this range.
Yangwang HU is being shipped to the Middle East for its global debut in the UAE (Dubai and Abu Dhabi) this November.
Expected to measure between 5.4 m and 5.5 m, it sits in the D+ executive sedan segment.
The model is rumoured to feature BYD’s e4 four-motor powertrain with a combined output of over 1,300 hp, paired with DiSus-M intelligent suspension and rear-wheel steering.
There are also speculations that it could be the first vehicle fitted with BYD’s in-house solid-state battery, targeting a CLTC range of over 1,200 km.
#Yangwang #BYD #LuxuryEV
A new spy shot reveals the front fascia of #BYD's Yangwang all-new executive flagship sedan.
It is expected to measure around 5.5 meters, could be priced over RMB 2 million, and is tipped to be BYD's first model to pack a solid-state battery.
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Average Transaction Price of New Car-making Brands in China, Q3 2026
• #NIO (RMB 449k), Luxeed (RMB 424k), and Aito (RMB 419k) lead in average transaction price. However, #LiAuto takes the revenue crown at RMB 30.1B, with its average price sitting mid-tier at RMB 305k.
• #Xiaomi proves its volume with RMB 27.4B revenue at a RMB 271k average, while #Leapmotor rakes in RMB 25.7B at just RMB 120k.
• #Huawei HIMA AITO: Average Transaction Price (ATP) surged by RMB 64k MoM, with the brand ranking first in both ATP and revenue among the brands.
• #NIO: ATP held at RMB 447k, flat MoM, showing a solid pricing base in the premium market.
• #LiAuto: A sharp contrast — ATP fell notably MoM, but a large sales base kept monthly revenue at No. 2.
• #Leapmotor: Low ATP but top-tier total revenue, driven by high volume.
Two NIO AI innovations have been selected for the "Top 10 Automotive AI Application Cases of 2026", unveiled Oct 23 at the closing of WICV 2026 in Beijing, co-hosted by MIIT, the Ministry of Transport and Beijing Municipal Government.
The honorees are "NIO World Model (NWM)" and the edge-cloud collaborative Tiantong-Tiantan vehicle AI inspection platform, representing AI for driving automation and smart manufacturing.
- NWM leverages world models and closed-loop reinforcement learning for industry-leading assisted driving.
- Tiantong-Tiantan enables vehicle self-checks of over 1,000 functions in 3 minutes, lifting efficiency by 10.3x.
#NIO #WICV #AutomotiveAI
Confirmed: The third-gen BYD Qin PLUS DM-i is set for its official launch on Oct 27.
The new sedan has grown in overall size, boasting a wheelbase of 2,800 mm.
It is fitted with a 1.5L plug-in hybrid system and two LFP battery options: 16.227 kWh and 24.337 kWh, delivering WLTC pure electric ranges of 107 km and 160 km respectively.
#BYD #QinPLUSDMI #PHEV
The 3rd-gen #BYD Qin PLUS has arrived at dealerships, with real-life photos now emerging. Sources indicate it will officially launch soon.
#BYD's Denza Z is set to launch in the Chinese market in Q4 2026.
Pre-sales are now open for 3 trims, priced at RMB 680,000 / 780,000 / 1,180,000.
PV Brands Export Volume Rankings by Price Range – Jan-Sep 2026
➡️0-100k RMB: #Chery (377.4k) and MG (357.4k) lead, followed by #Geely (272.8k) and Galaxy (150.2k), highlighting Geely's multi-brand success in the entry-level market.
➡️100-200k RMB: #BYD dominates with 777.6k units. Chery (635.4k) and Jetour (264.1k) take 2nd and 3rd, reinforcing Chery Group's strong presence.
➡️200-300k RMB: Tesla leads with 362.0k units, largely driven by its Shanghai Gigafactory.
➡️300k+ RMB Top 3: Polestar (34.3k), Lincoln (31.2k), and Volvo (16.8k).
Jan-Sep 2026, Export Volume Rankings for China's NEVs by Destination Country
➡️Brazil led with 379k units (+168%). Belgium (351k) and the UK (314k) followed closely, forming the top tier.
➡️Europe saw explosive growth, with Italy (+223%), Germany (+131%), and Slovenia (+148%) posting staggering growth.
➡️Asia-Pacific stayed strong: Australia (271k, +148%) and Thailand (213k, +119%) both topped 200k units, while South Korea (125k) and Malaysia (73k) doubled.
#ChinaNEV #EVExports #AutoIndustry
The 3rd-gen #BYD Qin PLUS has arrived at dealerships, with real-life photos now emerging. Sources indicate it will officially launch soon.
The 3rd-gen #BYD Qin PLUS cabin is getting a much more refined and youthful look.
It adopts a minimalist new design language, featuring a two-spoke multi-function steering wheel, semi-concealed air vents, and soft ambient lighting.
BYD's 1,500kW megawatt flash charging is one step closer to Malaysia.
BYD Malaysia and Gentari just signed an MoU to explore deploying ultra-fast DC charging networks, including at highway R&R stops.
To prepare for large-scale deployment, the study will evaluate:
• Power infrastructure & BESS capacity
• Technical/commercial feasibility & development opportunities
• Future operating models
They will also explore the possibility of integrating renewable energy generation and storage technologies, leveraging Gentari's clean energy expertise.
#BYD #Gentari #FlashCharging #Malaysia
A new spy shot reveals the front fascia of #BYD's Yangwang all-new executive flagship sedan.
It is expected to measure around 5.5 meters, could be priced over RMB 2 million, and is tipped to be BYD's first model to pack a solid-state battery.
It's official: #BYD's Yangwang ultra-luxury executive sedan, codenamed HU, is confirmed to debut in the UAE.
It will pack unprecedented, disruptive tech.
What kind of game-changing tech are you expecting to see?
Firefly adds a 60-kWh battery variant, raising its max CLTC range to 560 km.
It starts at RMB 136,800 (~$20,360) for a full vehicle purchase, or RMB 79,800 (~$11,880) under BaaS with a monthly battery rental service fee of RMB 599 (~$89).
The current 42-kWh pack offers 420 km of range.
With the growing rollout of 5th-gen swap stations, long-distance travel is no longer a concern.
#NIO #Firefly
#BYD FCB's roadmap for two upcoming models:
➡️Tai 9: Officially launches after Nov 15. Display and test-drive units arrive at dealerships by late Oct, and inventory will be pre-stocked to minimize delivery waits.
➡️SHARK pickup: Follows immediately, with a simultaneous launch and delivery scheduled for late Nov to early Dec.
#BYD FCB officially released a set of official images of the Tai 9 in a black exterior color.












































