Key facts
- Deliveries from the Huawei-led new energy vehicle alliance fell 50% year-on-year in October, Nikkei Asia reported.
- Member brands of the Huawei-led alliance are operating with increasing independence, according to Nikkei Asia.
- China Passenger Car Association data showed domestic passenger vehicle sales fell 27.3% year-on-year to 1.65 million units in October, the 12th straight monthly decline.
- Passenger vehicle exports rose 68.2% year-on-year to 932,000 units in October, CLB.org.hk reported, citing the association.
- BYD's third-quarter profit growth missed estimates as competition at home spread overseas, CLB.org.hk reported.
- Li Auto and Nio deliveries declined in October while Leapmotor, Xpeng and Xiaomi set monthly sales records, CLB.org.hk reported.
Deliveries from the new energy vehicle alliance led by Huawei Technologies fell 50% year-on-year in October, Nikkei Asia reported on November 10, 2026, and member brands are operating with increasing independence.
The alliance's stress comes as China's domestic passenger vehicle market weakens. China Passenger Car Association data showed domestic sales fell 27.3% year-on-year to 1.65 million units in October, the twelfth consecutive monthly decline, while passenger vehicle exports rose 68.2% to 932,000 units, according to CLB.org.hk.
BYD's third-quarter profit growth missed estimates and its global sales growth slowed in October as competition at home spread overseas, CLB.org.hk reported. Deliveries at Li Auto and Nio declined in October, while Leapmotor, Xpeng and Xiaomi posted record monthly sales.