According to data from industry associations, overall new and used passenger vehicle sales in China grew by approximately 11.0% year-on-year for the third quarter of 2025. Electric vehicle sales showed a year-on-year increase of about 11.8% during the same period.
Yixin Group Limited (2858) reported a year-on-year vehicle transaction increase of roughly 22.6% to about 235 thousand units. Total financing reached approximately RMB21.2 billion, with the used vehicle financing amount up by around 51.3% year-on-year to RMB12.1 billion, accounting for approximately 56.9% of total vehicle financing. Financing of used electric vehicles was around RMB1.5 billion, representing approximately 22.5% of the Group’s total new energy vehicle financing during the quarter, a rise from about 13.1% in the same period last year.
The FinTech (SaaS) business recorded financing of roughly RMB11.4 billion, up about 102.0% year-on-year, and contributed approximately 53.7% of the Group’s total financing. Additionally, partnerships with two new financial institutions and two well-known electric vehicle brands were established, reinforcing the Group’s market coverage.
The Group’s battery GAP product reached approximately 22.4 thousand transactions in the third quarter, marking a year-on-year increase of around 48.8%. Meanwhile, the AI strategy progressed, including the launch of “X Call,” aimed at enhancing pre-financing efficiency in marketing, document processing, and customer interactions. Full implementation of these AI-driven solutions is expected by the end of 2025.
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