GAC Group Jan-Oct Sales 1.2849M Units, NEV Sales Up 58.94%

GAC's story is increasingly a NEV story: new energy volume crossed the half-million mark for the year and is growing far faster than the group overall, so the legacy internal-combustion base is likely doing the heavy lifting on the downside. That mix shift matters most to the group's joint-venture partners and suppliers tied to conventional powertrains, whose volumes face a shrinking share of a modestly growing pie. The open question is whether the sequential October rebound reflects genuine demand recovery or just seasonal ordering, and whether NEV growth can keep offsetting softness elsewhere as the year closes.