Xiaomi Group reported Q2 2026 earnings with smart EV and AI innovation business revenue of $3.5B, including $3.3B from EV sales. Quarterly deliveries reached 104,199 units, up 28.2% YoY. However, auto business gross margin fell to 19.2% with operating losses of $360M, and the annual 550K delivery target is only ~33% complete.
3579 days ago
Chinese automakers are accelerating local production in Europe through four pathways: greenfield investment, controlled European assets, joint ventures, and contract manufacturing. Their footprint now spans Hungary, Sweden, Belgium, the UK, Spain, Austria, and Slovakia. In H1 2026, Chinese brand registrations reached 792,000 units, capturing nearly 11% of the European market.
26811 days ago
This week's global auto industry highlights: Changan deepens strategic cooperation with Huawei in AI and computing power; Bosch's fourth-gen MPC4 camera lands 200+ projects across 40+ models; Porsche plans to form a 2026-2027 emissions pool with XPENG to avoid EU carbon fines.
39912 days ago
Gasgoo Group CEO Zhou Xiaoying attended a reading session at Auto Innovation Park, sharing core concepts from her co-authored book "Going Global." She argues China's automotive export is shifting from product sales to full-chain "ecosystem expansion" covering R&D, manufacturing, supply chain, branding, and services, with 2026 exports projected to exceed 10 million units.
38612 days ago
CPCA data shows China exported 5.31 million vehicles in H1 2026, up 53% YoY. Russia led with 433K units, followed by Brazil at 394K. For NEV exports, Brazil was the top destination at 293K units. BYD's Hungary plant begins Q4 production; Geely acquired Ford's Spain plant; XPeng produces locally via Magna Austria.
36713 days ago
Leapmotor released its latest overseas figures on August 12. Between January and July 2026, the automaker logged 25,393 registrations in Italy. The Lafa5 leads Italy's C-segment EV market following its debut, while the T03 remains a top-selling model. Overseas wholesale sales topped 113,000 units in the first seven months, securing Leapmotor's lead among Chinese EV startups in exports. The company now operates in over 40 countries with more than 2,000 overseas outlets.
36116 days ago
WeRide has partnered with Danish mobility platform GreenMobility to launch Denmark's first commercial autonomous ride-hailing service. This marks the first Chinese Robotaxi firm's entry into Northern Europe and WeRide's sixth European country.
23826 days ago
XPENG is pushing its globalization strategy with unprecedented intensity. In June 2026, XPENG achieved a record-high global delivery of 27,907 units, up 50.8% year-on-year. The company plans to launch the Mona L03 and a premium SUV in Europe from July, targeting a doubling of overseas sales in 2026. XPENG has established over 500 sales and service outlets globally, with its business model evolving from "selling cars" to a dual-track "selling cars + selling technology" approach spanning vehicle exports, component sales, flying cars, and robotics. However, the global automotive trade environment is growing increasingly complex — the EU imposes anti-subsidy tariffs on Chinese EVs, and the U.S. has levied 100% tariffs on Chinese-made EVs since 2024, creating unprecedented policy headwinds for Chinese brands going global.
50626 days ago
On July 29, 2026, Momenta announced it received approval from Germany's Federal Motor Transport Authority (KBA) to conduct Level 4 autonomous driving tests on urban roads across Germany. This marks a major breakthrough for Momenta's European expansion.
44930 days ago
Xpeng's first SUV in the MONA series, the L03, has begun initial deliveries in China with plans for nationwide ramp-up in August. Deutsche Bank forecasts monthly deliveries of approximately 15,000 units, positioning it as Xpeng's most important sales growth engine in the second half of 2026.
48436 days ago
BYD exported 370,000 passenger vehicles in Jan.-May 2026, with Brazil leading at 186,921 units. Four European countries, Australia, and Middle Eastern markets expanded simultaneously, supported by a dual-powertrain strategy.
49538 days ago
At the 2026 International Symposium on Automotive and Powertrain Technology in Stuttgart, a panel on combining China's automotive momentum with German engineering precision revealed the deep challenges Chinese automakers face entering Europe—companies racing to transform, governments preserving stability, and ordinary people fearing job losses.
41539 days ago
EX1000
