Chinese automakers overseas

Evergrande Auto Confirms Exit from Vehicle Manufacturing: RMB182M Assets, RMB32.722B Liabilities

Evergrande Auto announced on September 17 that it confirmed the termination of vehicle manufacturing, completed its asset-light transformation, and that its domestic production bases have been disposed of or entered bankruptcy liquidation, with the entity at the Tianjin base receiving a court bankruptcy ruling. As of June 30, 2026, the company had assets of approximately RMB 182 million and liabilities of RMB 32.722 billion, and its shares remain suspended from trading. Its business retains Swedish NEVS automotive technical services and has added lithium-ion battery trading. This case shows that exiting heavy assets does not equal clearing debt risks, providing a reference for Chinese automakers' overseas plant construction and technology export.

41940 days ago

EU Advances Two Auto Trade Tracks: Chinese Hybrid Limits, UK-EU EV Tariffs Delayed Three Years

In September 2026, the EU combined pressure and buffering in its auto trade with China. The EU asked China to voluntarily limit hybrid vehicle exports, aiming to cap their European share at about 15%, while the share of Chinese-brand PHEVs has already exceeded one-third. The EU said last year's goods trade deficit with China reached 360.6 billion euros and widened by another 9% in the first half of this year. Due to insufficient domestic battery capacity, the EU proposed postponing UK-EU electric vehicle tariffs and rules of origin until 2027 and investing 3 billion euros to boost battery capacity. Neither track has yet been implemented, and Chinese automakers in Europe face constraints from share management and tightening localization rules.

78440 days ago

BYD May Join China-U.S. Summit Business Delegation; Overseas Signals Awaited

People familiar with the matter say BYD may be included in the Chinese corporate delegation for the China-US summit, but this has not yet been officially confirmed. In the European market, BEV registrations in 16 core markets reached 202,800 in August, up 54.2% year on year, with market share rising to 30.5%; cumulative registrations in the first eight months exceeded 1.67 million. Leapmotor is pre-producing the B10 at Stellantis's Zaragoza plant in Spain, using local content to circumvent EU tariffs; BYD plans to build three vehicle assembly plants and one battery plant in Europe, with trade policies and export channels adjusted in tandem.

42141 days ago

Europe BEV Penetration Rises to 30.5%, BYD Plans Three Vehicle and One Battery Plant in Europe

In August, BEV registrations in 16 core European markets reached 202,833 units, up 54.2% year on year, with a 30.5% share; cumulative registrations in the first eight months exceeded 1.67 million units, up 33.1% year on year. BYD has made clear that in the long term it needs to build three vehicle plants and one battery plant in Europe, is starting its Hungarian plant and plans to finalize a second site by the end of the year, preferring acquisition and conversion, with Spain and France as priorities. Leapmotor is pre-producing the B10 at Stellantis's Spanish plant and has pushed down to 19,900 euros with the B03X, as Chinese automakers advance localized production while jockeying over tariff rules in parallel.

37141 days ago

Global Automotive Chip Market to Reach $96.9B by 2029; Cockpit-Driving Integration Enters Mass Production Validation

On September 16, the 2026 Sixth Intelligent Vehicle Chip Industry Ecosystem Conference was held in Shanghai. Gu Xiaoying of Gasgoo predicted that the global automotive chip market will grow from USD 67.7 billion in 2024 to USD 96.9 billion in 2029, a compound annual growth rate of 7.4%. E'erte of Black Sesame Technologies introduced the Wudang C1296 cross-domain fusion chip, which has been mass-produced on the Dongfeng Tianyuan intelligent driving platform, focusing on cost reduction through cockpit-driving integration for volume models. The conference showed that cockpit-driving integration has entered a mass-production validation phase, chip growth is shifting from unit count to value per chip, and overseas supply chains need to balance cost and ecosystem collaboration.

30142 days ago

Renault-Geely Expand Brazil Investment as Maserati Weighs Huawei, JAC Tie-Up

In September 2025, Renault and Geely announced an additional EUR 319 million investment in Brazil through a joint venture, with their total investment in Brazil from 2025 to 2027 reaching EUR 899 million, giving Geely access to Renault's existing plants and dealer network. In the same period, reports said Maserati planned to cooperate with Huawei and JAC to develop two electric vehicles, adopting an SKD model with body-in-white from Hefei and assembly in Italy; the brand's global shipments in 2025 were less than 8,000 units, with an adjusted operating loss of EUR 198 million. Both paths point to a combination of technology export and localized production capacity.

35042 days ago

Arcfox Alpha T7 Launches, Galaxy Cruiser 700 Opens Pre-Sales

From September 15 to 16, Geely Galaxy's hardcore off-road SUV Zhanjian 700 opened presales, while BAIC Arcfox's mid-to-large SUV Alpha T7 was officially launched. The Alpha T7 is priced from 137,800 to 174,800 yuan after subsidies, with over 30,000 orders in the first 72 hours of presales, a maximum pure electric range of 715 km, and a combined extended-range range of 1,315 km. The Zhanjian 700 uses a tri-motor four-wheel-drive plug-in hybrid system, with a combined output of 830 kW and a pure electric range of 165 to 185 km. The two vehicles show that Chinese brands are increasing their bets on the mid-to-large SUV and hardcore off-road markets with 800V platforms, lidar, and electrified off-road features. Overseas sales arrangements have not yet been disclosed.

30045 days ago

Li Auto's first European model, Li 6, to debut at Paris Motor Show; sales start Q4 2026

Li Auto announced that its pure electric SUV i6 will be named Li 6 overseas, and will make its European debut at the Paris Motor Show in October 2026. It plans to start sales in the fourth quarter of 2026, with specific markets, pricing, and channels not yet announced. In Europe it will focus on pure electric vehicles, while selling extended-range SUVs in the Middle East and Central Asia, and is considering launching the L6 in the UK due to tariff differences between the UK and the EU. Domestic deliveries in August were 37,679 units, up 32.1% year-on-year.

61548 days ago

Chinese automakers overseas

Evergrande Auto Confirms Exit from Vehicle Manufacturing: RMB182M Assets, RMB32.722B Liabilities

EU Advances Two Auto Trade Tracks: Chinese Hybrid Limits, UK-EU EV Tariffs Delayed Three Years

BYD May Join China-U.S. Summit Business Delegation; Overseas Signals Awaited

Europe BEV Penetration Rises to 30.5%, BYD Plans Three Vehicle and One Battery Plant in Europe

Global Automotive Chip Market to Reach $96.9B by 2029; Cockpit-Driving Integration Enters Mass Production Validation

Renault-Geely Expand Brazil Investment as Maserati Weighs Huawei, JAC Tie-Up

Arcfox Alpha T7 Launches, Galaxy Cruiser 700 Opens Pre-Sales

Li Auto's first European model, Li 6, to debut at Paris Motor Show; sales start Q4 2026

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