In November 2023, the top ten retail sales rankings of new energy manufacturers were released, and the growth rate of independent brands was strong, accounting for half of the country. According to data from the Federation of Passengers, BYD was firmly in the sales crown with a market share of 31.3%, Tesla jumped from the 8th place in October to the second, Geely Automobile, SAIC-GM Wuling followed, and Ideal, Great Wall, Cyrus Automobile, Xiaopeng, etc. ranked among the top ten. Sales of new energy vehicle companies on the list in November were more than 20,000, and all achieved year-on-year growth. Among them, Cyrus Automobile entered the top ten with a sales volume of 20,044 units in November, an increase of 143.3% year-on-year, ranking the top three in the TOP10 car companies.
With the hot sales of AITO’s new M7, Sailis Automobile has become a dark horse in the market. Data show that the cumulative number of AITO’s new M7 has exceeded 100,000 in the past two and a half months, which is well recognized by the market and consumers. In November, a total of 18,827 AITO’s new M7 was delivered, of which 15,242 AITO’s new M7 was delivered, and more than 10,000 were delivered for two consecutive months.
The latest research report of Great Wall Securities is optimistic about the future development of Cyrus Automobile. The further deepening of cooperation with Huawei, the improvement of intelligent driving technology, product performance optimization and consumer recognition and other factors work together to promote the company’s upward development. In addition, it is expected that with the continuous delivery of the new M7 and the official listing of the new model M9 in December, the company’s operating income and operating cash flow will improve significantly in the fourth quarter.
Near the end of the year, the new energy vehicle track is starting to sprint, and the overall car market is expected to experience new pattern changes under the dual drive of new product effects and prices. This month, the upcoming Panorama Smart flagship SUV AITO will bring to the car market. What impact will it bring?