Li Xiang forwards the New Forces’ October sales rankings. We all know who’s in first place.

Li Xiang Reveals October Sales Rankings for New Forces - Guess Who Takes the Top Spot!

[PhoneAuto News] Recently, a monthly sales ranking of new forces based on October insurance volume and average price has attracted widespread attention. PhoneAuto noticed that Li Xiang, CEO of Li Xiang Automobile, also forwarded this set of data.

Li Xiang

According to the ranking, Li Xiang Automobile ranked first with a monthly sales amount of 14.216 billion yuan, based on an average price of 359,000 yuan and insurance volume of 39,598 vehicles. Tesla followed closely behind with an average price of 265,000 yuan, insurance volume of 30,684 vehicles, and a monthly sales amount of 8.131 billion yuan. NIO, Xiaopeng, Tencent, Wenjie, and Jike were ranked third to seventh respectively.

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In terms of monthly sales amount, Li Xiang Automobile has a strong momentum, and the blogger predicts that its sales revenue will surpass Great Wall by 2024. Tesla’s annual sales amount in China has also exceeded 100 billion yuan, which is currently a goal that many Chinese domestic brands are challenging. Only top domestic brands such as BYD, Changan, Geely, Chery, and Great Wall are able to achieve this.

In terms of sales average price, Tencent’s average price reached 398,000 yuan, even exceeding BMW, making it the best-selling brand among new domestic forces. NIO and Li Xiang ranked second and third, both surpassing the 350,000 yuan level, representing the current new luxury brands in the domestic market.

The emergence of this ranking undoubtedly brings new thinking to the automotive industry. On the one hand, the rise of new forces such as Li Xiang Automobile has broken the pattern of the traditional automotive market and injected new vitality into the Chinese automotive industry. On the other hand, this also reflects the increasing acceptance of consumers towards new energy vehicles, and the demand for high-end new energy vehicles is also continuously growing.

However, with the intensification of market competition, new forces also face greater challenges. How to maintain high-speed growth while improving product quality and service levels will be an important issue they need to address.

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