Physix Frontier · News Briefing Card (Leiphone · Nov 9, 2026)

Oct EREV wholesale hits 152K, up 31.3% MoM; Xiaomi Pengcheng tops 50K in debut month

KEY FACTS

China Passenger Car Association data shows October EREV wholesale volume reached 152,000 units, up 31.3% month-over-month and 19.9% year-over-year.
Nationwide passenger vehicle retail sales totaled 1.643 million units in October, down 27.1% year-over-year, making EREVs the only segment to grow both month-over-month and year-over-year.
The Xiaomi Pengcheng launched on September 7, and its first full delivery month in October exceeded 50,000 units.
Xiaomi Auto's total deliveries across all models surpassed 50,000 units in October, a new brand record.
EREVs accounted for 8.6% of October's NEV wholesale mix, up 1.6 percentage points month-over-month.

KEY DATA

152,000 unitsOctober EREV wholesale volume

+31.3%October EREV wholesale MoM change

Over 50,000 unitsXiaomi Pengcheng October sales

Over 50,000 unitsXiaomi Auto October total deliveries

PHYSIX OBSERVATION

With the overall market down 27%, EREVs growing on both a monthly and yearly basis shows users still have genuine demand for the gas-or-electric, large-battery approach. The Xiaomi Pengcheng's 50,000 units in a single month almost single-handedly drove the incremental growth, but that also means the EREV recovery depends heavily on one hit model; whether this rebound can last is an open question if follow-up models fail to keep pace.

Source: Leiphone report