CPCA data shows Skyworth Auto's domestic cumulative sales in H1 2026 were only 387 units, with May sales as low as 38 units—less than two per day. Founder Huang Hongsheng had loudly proclaimed a goal of "1 million annual sales by 2030," but that now seems remote. Product lag, low brand recognition, and poor channel conversion are the three root causes of Skyworth's predicament.
40818 hours agoOn July 15, 2026, China's auto market witnessed a rare phenomenon: seven new models launched simultaneously in a single day. Deeper data from BYD Executive Vice President He Zhiqi reveals that Chinese automakers released 542 new models in the first five months of 2026 — an average of 3.6 per day — while the domestic market contracted by 20%. New vehicle lifecycles have shrunk dramatically, and industry competition has escalated from "fierce" to "brutal."
45611 days ago
On July 15, 2026, Gasgoo published an industry news roundup covering EHang's response to layoff rumors, Xiaomi EV's approval for an underwater thruster patent, and a BYD executive's candid assessment that market competition has entered a "brutal" phase.
32413 days ago
JAC Motors released its 2026 semi-annual performance forecast, estimating net loss attributable to parent company owners at approximately 740 million yuan, with loss narrowing by approximately 32.81 million yuan year-on-year. Recurring net loss is expected at approximately 986 million yuan. The performance change is impacted by intensified market competition, operating losses of affiliated companies, and foreign exchange fluctuations, with short-term turnaround pressure remaining.
54620 days ago
EX1000
