YIXIN (02858) announced that based on the latest data from China's automotive industry associations, total sales of new and used passenger vehicles in China grew approximately 11.0% year-over-year in Q3 2025. Meanwhile, new energy vehicle sales rose about 11.8% YoY during the same period.
The group achieved accelerated growth, with total auto transactions (including new and used vehicles) reaching approximately 235,000 units in Q3 2025, representing a 22.6% YoY increase that significantly exceeded market growth rates. Total financing volume reached RMB 21.2 billion during the quarter.
Notably, YIXIN's used car financing business expanded 51.3% YoY to RMB 12.1 billion, accounting for 56.9% of total auto financing. This growth reflects the success of the company's refined risk pricing strategies and profitable used vehicle products. Used EV financing reached RMB 1.5 billion, representing 22.5% of new energy vehicle financing (up from 13.1% in Q3 2024).
The fintech (SaaS) business maintained rapid expansion, facilitating RMB 11.4 billion in financing (up 102.0% YoY) and contributing 53.7% to total financing volume. Two new financial institution partnerships were launched in Q3 to enhance platform network effects.
YIXIN continues strengthening collaborations with automakers, establishing partnerships with two prominent EV brands in Q3 to broaden service offerings. The battery GAP product launched in 2023 saw 22,400 transactions (up 48.8% YoY).
AI strategy implementation remains on track, with steady deployment of "X Call" - a new pre-financing stage product expected to significantly improve efficiency in credit applications, document processing, and customer management through automated interactions. Full deployment of AI-powered pre-financing solutions (including X Call) is expected by year-end 2025.
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