BYD

The Bao 5 is aimed at the market where Great Wall Motor's Tank brand is present. The Tank brand sold a record 22,105 vehicles in October.

CATL's share of the Chinese EV battery market increased by 3.4 percentage points in October compared to September, while BYD's share decreased by 0.77 percentage points.

In the January-October period, BYD was No. 1 with a 36 percent share, Tesla was No. 2 with 7.8 percent and Nio was No. 9 with 2.1 percent.

On October 20, a local media outlet reported that orders for the Yangwang U8, which was officially launched on September 20, exceeded 30,000 units.

The Bao 5 SUV is available in three variants with a starting price of RMB 289,800 and can accelerate from 0 to 100 km/h in 4.8 seconds.

BYD is aiming to sell at least 3 million NEVs in 2023, with nearly 2.4 million sold this year through the end of October.

Guangzhou Shipyard has begun construction on the first of 2 vehicle carriers for BYD, capable of carrying up to 7,000 vehicles.

CATL and BYD's shares in January-September both declined slightly from January-August.

Fang Cheng Bao began pre-sales of the Bao 5 on August 25, with a price range of RMB 300,000 to RMB 400,000.

The Qin family was the third best-selling BYD model in October with 42,767 units sold.