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August NEV Exports Up ~130%; 15th Five-Year Plan Targets 70% Passenger Vehicles

August NEV Exports Up ~130%; 15th Five-Year Plan Targets 70% Passenger Vehicles

Data from CAAM show that in August 2026, China's new energy vehicle sales reached 1.643 million units, up 17.8% year on year, accounting for 60.6% of total vehicle sales. Of these, exports were 526,000 units, up about 130% year on year, while domestic sales were 1.118 million units, down 4.6% year on year, intensifying the divergence between domestic and external demand. During the same period, the Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for intelligent connected new energy vehicles, proposing that by 2030 new energy vehicles account for 70% of new passenger vehicle sales and 40% of new commercial vehicle sales, and strengthening capacity monitoring, mergers and reorganizations, and supervision of competitive order, which will continue to affect the pace of domestic consolidation and overseas expansion in the industry.

43743 days ago
GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

GAC Group announced on the evening of September 14 that it plans to acquire, through the issuance of shares, part of the equity in a vehicle joint venture held by FAW Co., with the market speculating the target is FAW Toyota; after the transaction, FAW Co. may become GAC's second-largest shareholder. On September 15, GAC's H shares resumed trading and rose more than 12% in the call auction to HK$2.62, giving it a market value of HK$51.034 billion. Experts estimate that the consideration for roughly 25% of FAW Toyota's equity is about 20 billion yuan, requiring GAC to issue more than 4 billion shares. From January to August 2026, FAW Toyota's retail sales totaled 379,000 vehicles, down 26.4% year on year, while GAC Toyota sold 447,000 vehicles, down 10% year on year.

47143 days ago

XPeng Lands First Megawatt Flash Charging Station in Hong Kong, Co-Built and Open to All Brands

On September 15, XPeng Group's first global megawatt flash-charging station was put into operation in Hong Kong. Jointly built by XPeng and Halo and open to owners of all brands, it has become a new example of Chinese automakers' overseas charging network layout. On the same day, the China EV100 Research Institute said that during the 15th Five-Year Plan period, exports plus overseas production should shift from speed to quality, with a reasonable target of 10 million to 15 million vehicles per year. It forecast that NEV sales in 2026 will be about 18.4 million units, with a penetration rate of about 55%. The charging network needs to match the pace of exports and local power and site conditions.

46843 days ago
BMW iX3 Long-Wheelbase 30L Enters MIIT Notice, Priced from 269,900 Yuan, November Delivery

BMW iX3 Long-Wheelbase 30L Enters MIIT Notice, Priced from 269,900 Yuan, November Delivery

The entry-level model of BMW's Neue Klasse iX3 long-wheelbase version, the iX3 30L, has entered the Ministry of Industry and Information Technology's 411th batch of new product public notice catalog. It is produced at BMW Brilliance's Shenyang plant and has opened pre-sales at the Chengdu Auto Show. The three models are priced from RMB 269,900 to RMB 339,900 and will be delivered in November. Regulatory filing information shows it is equipped with a 235 kW motor and a lithium iron phosphate battery from CATL's Yibin base, has a wheelbase of 3,005 mm, and adopts localized configurations such as Momenta end-to-end intelligent driving, Huawei HiCar, and Alibaba's large model. This case shows that Chinese battery and intelligent driving capabilities are deeply entering the core models of multinational automakers.

53743 days ago
Four Departments Launch One-Year Special Action on Vehicle Quality; GAC Responds That It Will Not Build "Rushed Cars"

Four Departments Launch One-Year Special Action on Vehicle Quality; GAC Responds That It Will Not Build "Rushed Cars"

On August 27, four departments including the Ministry of Industry and Information Technology launched a one-year special action on production consistency and quality improvement for road motor vehicles, focusing on production consistency, reliability, durability and the testing and validation of new technologies; on the same day, CAAM called for an end to "pseudo-innovation." GAC responded by stating that it insists on not building "rushed cars," opposes compressing validation cycles, and safeguards quality and safety through full-process quality control, extreme testing and 360 bottom-line quality and safety criteria.

41148 days ago
GB44721 National Standard Takes Effect: Unified Safety Baseline for Autonomous Driving

GB44721 National Standard Takes Effect: Unified Safety Baseline for Autonomous Driving

The "Safety Requirements for Intelligent Connected Vehicle Automated Driving Systems" (GB 44721—2026), developed by China's Ministry of Industry and Information Technology, has been officially released and will take effect on July 1, 2027. This mandatory national standard applies to L3 and L4 autonomous driving systems, establishing a comprehensive safety framework across four dimensions: full-lifecycle security, dynamic driving task execution, human-machine interaction, and testing methods. It marks China's shift from "concept competition" to "compliance-based market access" for autonomous driving.

44971 days ago