On July 7, 2026, the EU-China Automotive Industry Cooperation Salon was held in Stuttgart, Germany. Gasgoo CEO Zhou Xiaoying delivered a keynote speech analyzing China's auto industry transition from scale advantages to system-level innovation, exploring new opportunities for collaboration between China and Europe in new energy, intelligent technology, and supply chain synergy.
4381 day ago
In June 2026, China's NEV penetration reached 63.6% for the first time. CPCA predicts July passenger car retail at 1.52 million units. Guangdong's NEV output grew 48.4% in H1.
5109 days ago
Luxury fuel vehicle used car prices have fallen sharply, with market transactions continuing to shrink. As new energy vehicle penetration continues to rise, the resale value of traditional luxury fuel vehicles continues to decline.
48117 days ago
A Mercedes executive reportedly stated that the electric AMG GT "shouldn't exist," but the project has already been launched and cannot be stopped. This reflects internal division and anxiety about electrification at Mercedes.
13917 days ago
FAW-Volkswagen's JETTA brand has completed MIIT regulatory filing for its first all-electric sedan, the M6. Built on VW's CMP platform with proprietary Jiesi architecture, it offers 113kW and 145kW single-motor variants and is expected to launch later this year.
25319 days ago
Morocco's established automotive supply chain is creating new gaps through electrification that existing suppliers cannot fill alone. Stellantis announced an additional €1.2 billion investment, targeting local sourcing rate increases from 69% to 75%.
24619 days ago
The 23rd Changchun International Auto Expo opened with the theme "Moving Forward Together," showcasing seven decades of the city's automotive evolution from the first Jiefang CA10 truck in 1956 to today's electrified and intelligent vehicles.
32220 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.
24125 days ago
In the first week of June 2026, China's passenger vehicle market reached a historic milestone: NEV retail penetration rate hit 66.7% for the first time, meaning two of every three new cars sold were new energy vehicles. From breaking 50% in 2024 to exceeding 66% in 2026, China's auto electrification is accelerating.
43032 days agoBloombergNEF's June 17 report projects global NEV passenger vehicle sales will exceed 23 million units in 2026, up 11% year-over-year. NEVs will account for over one-quarter of global passenger vehicle sales. China remains the world's largest market with nearly two-thirds domestic penetration.
55633 days ago
Data from the Society of Motor Manufacturers and Traders reveals that UK pure-electric vehicle cumulative sales have surpassed gasoline cars for the first time in history. This milestone marks a new phase in Britain's automotive electrification and creates significant opportunities for Chinese new energy vehicle exports to the UK market.
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Multiple African nations are accelerating their electrification efforts. Kenya's electric motorcycle sales jumped 40% year-over-year, while Ethiopia announced a ban on fossil fuel vehicle imports. Chinese investors committed $550 million to Spiro, and Yadea partnered with Kenyan firms to build battery swap stations. Chinese industry chains are participating across batteries, vehicles, and infrastructure.
59339 days ago
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