CONNECT WITH US
EV & Mobility

EV & Mobility

Huawei HIMA October deliveries halve, pushing year-to-date total into decline

CnEVPost logo

Published on

Add as a preferred source on Google
Huawei HIMA October deliveries halve, pushing year-to-date total into decline

Huawei-led Harmony Intelligent Mobility Alliance (HIMA) saw deliveries fall more than 50% year-on-year in October, pushing its cumulative deliveries this year below the year-earlier level for the first time.

HIMA delivered 33,537 vehicles in October, down 50.84% year-on-year and 10.54% from September, according to figures released on Sunday.

This marked the alliance's fifth consecutive month of year-on-year declines and its fourth straight month of sequential declines.

October deliveries fell to their lowest level since April, with the year-on-year decline widening from September's 29.15%.

In the first 10 months of this year, HIMA delivered 400,766 vehicles, down 3.91% year-on-year. By comparison, deliveries in the first 9 months were still up 5.27%.

HIMA said in its announcement that the average transaction price across its lineup exceeded 400,000 yuan ($59,580), while cumulative deliveries surpassed 1.6 million vehicles. The announcement did not provide an October delivery breakdown by brand or model.

The decline followed a recent wave of product launches across the alliance. In September, HIMA launched the the Luxeed RX and the updated Luxeed R7, opened reservations for the Stelato V8 and began pre-sales of the updated Aito M8.

Meanwhile, Huawei is adjusting its cooperation arrangements with Seres (HKEX: 9927) for the Aito brand. Aito was HIMA's first brand and remains among the alliance's most important sources of sales.

The companies announced on September 15 that Aito would explore a new cooperation model within the HIMA framework, led by Seres with support from Huawei. The arrangement covers product definition, design, marketing, retail and service operations.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.