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.
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