MagicLab recently started construction of its headquarters factory in Wuxi Liangxi Tech City, with planned annual capacity of 10,000 robots including 9,000 small quadrupeds and 1,000 large quadrupeds. This marks the embodied intelligence industry's critical transition from proof-of-concept to scaled mass production.
25440 days ago
Leapmotor founder and Chairman Zhu Jiangming recently admitted in an interview that building cars requires at least 20 billion yuan, adding "I wouldn't have started if I had known how capital-intensive it would be." The veteran who left security giant Dahua Technology in 2015 to venture into vehicle manufacturing has taken Leapmotor from a marginal brand selling fewer than 100 units per month to a top-tier new force automaker targeting 1 million annual sales. As of June 18, 2026, Leapmotor's cumulative global deliveries surpassed 1.5 million units, with the third 500,000 achieved in just 8 months. Zhu revealed Leapmotor adheres to full-stack in-house R&D, self-developing and self-manufacturing 65% of core components, with 70% of large components sourced within a 20km radius in Jinhua, Zhejiang. The company has raised its 2026 sales target to 1 million units and plans to launch a new independent premium sub-brand positioned above RMB 300,000.
52145 days ago
Leapmotor founder Zhu Jiangming stated at the 2026 China Auto Forum that only technological innovation can break through homogenized competition. The company has surpassed 1.5 million cumulative global deliveries, with June monthly deliveries reaching 93,376 units—a new record—and first-half sales hitting 356,000 units.
50147 days ago
Geely has released the world's first 16-in-1 intelligent electric drive system, creating two Guinness World Records. The system achieves an extremely high degree of integration, significantly improving efficiency and reliability.
46462 days ago
Hongfuhan announced that its estimated net profit attributable to shareholders for the first half of 2026 is between 73 million and 83 million yuan, representing a year-on-year increase of 221.13% to 265.13%. The significant growth is mainly driven by strengthened market expansion, deepened existing customer value, and emerging segment layout, with thermal management and automation equipment businesses continuing to scale up alongside cost optimization improving profitability.
62869 days ago
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