China's auto imports totaled just 200,000 units in H1 2026, down 11% YoY, an 86% contraction from the 2014 peak of 1.43 million. The imported luxury segment is polarizing, with Lexus holding top spot but under mounting pressure as domestic premium NEVs accelerate substitution.
47210 hours ago
BMW Group delivered approximately 591,000 vehicles globally in Q2 2026, down 4.9% year-over-year. China market sales reached 117,817 units, plummeting 30.2% YoY, becoming the biggest drag on global performance. Europe and Americas maintained growth but could not offset Asia-Pacific decline. The Group slashed full-year guidance in June, with EBIT margin expectations lowered from 4%-6% to 1%-3%.
23517 days ago
VDA President Hildegard Müller issued a statement highlighting that high energy prices, taxes, social security burdens, and bureaucracy are eroding Germany's manufacturing competitiveness. She called for opening German production sites to foreign manufacturers including Chinese automakers. Meanwhile, Volkswagen plans to cut 100,000 jobs and close four plants as Europe's auto industry undergoes historic restructuring.
24720 days agoIn H1 2026, the German luxury trio (BBA) continued to underperform in the Chinese market. Hit by intensifying NEV competition, price wars, and declining brand premium power, BBA's sales and profits in China saw significant declines. Audi's depreciation rate surged over 10% from the beginning of the year, with some models seeing dealer quotes 100,000-150,000 yuan below MSRP. Mercedes and BMW face similar pressures of halved profits and declining sales. BBA is transforming from a "profit cash cow" to a "strategic burden," entering a full retrenchment cycle in China.
23421 days ago
Multiple automotive media confirmed that BMW Brilliance will stop production of China-made i3, i5, and iX1 in July 2026. These three models, based on the CLAR platform shared with combustion vehicles, represent BMW's electric 1.0 era. The brand's future EV strategy shifts to the dedicated Neue Klasse platform, with the new iX3 debuting at the 2026 Chengdu Auto Show.
49128 days ago
The all-new BMW iX3 long wheelbase version will begin pre-sales at the 2026 Chengdu Auto Show and officially deliver in Q4 2026. Featuring BMW's new-generation design language, dual-motor AWD, CLTC range exceeding 900km, 10-minute fast charging for 400km range, and Momenta assisted driving system. The Chengdu Auto Show opens August 21.
21329 days ago
EX1000
