TREE NEWS update: Qianli Technology reported September vehicle sales of 6,252 units, down 50.25% year-on-year, with production at 5,703 units, down 52.7%. New energy vehicle sales for the month totaled 235 units, a 94.69% decline. For January-September, cumulative vehicle sales fell 7.83% to 66,903 units, while cumulative production rose 11.22% to 64,122 units.
Qianli Technology September Vehicle Sales Fall 50.25% to 6,252 Units
The scale of the September drop — halving overall and a near-total collapse in NEV volumes — points to a demand problem rather than a production constraint, since output fell in tandem. That the cumulative production figure still exceeds cumulative sales despite the monthly slump suggests inventory has been building through the year, which is the more telling signal than any single month. Whether the NEV segment stabilizes or continues to erode is the open question, given how sharply it has diverged from the broader business.
Generated by AI for reference only.
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