[Market Updates] News & Updates

Yijing X9 Gets 9,157 Locked Orders in 24 Hours as Delivery Capability Faces First Test

The 奕境X9, jointly created by 东风 and 华为乾崑, launched on September 24, 2026. Positioned as a RMB 300,000-class large six-seat SUV, it surpassed 20,000 small-deposit pre-orders within 24 hours of presale and reached 9,157 firm orders within 24 hours of launch. After orders surged, material preparation and quality validation for option-equipped variants became delivery bottlenecks; 奕境 is using a daily senior-management meeting mechanism to accelerate production, logistics, and delivery, compensating users for waiting beyond the promised time with points while stressing that quality validation processes will not be compressed. Whether the new vehicle can turn order momentum into stable deliveries and reputation has become a key test during its brand-building period.

2248 days ago

1,600 Hongqi Vehicles Shipped to Iraq, FAW's Overseas Expansion Enters Batch-Order Stage

In early October, 1,600 Hongqi vehicles from China FAW were loaded and shipped to Iraq, covering models such as the HS3 and HS5. They were delivered as bulk orders, showing that FAW's Middle East dealership system is already capable of handling them. FAW's overseas expansion is shifting from single-vehicle trade to parallel bulk orders, local production and overseas channel building, with markets covering the Middle East, Eastern Europe, Africa and Latin America. In September, Hongqi entered the Italian market. At the same time, FAW released a new round of technology iteration roadmap, laying out frontier tracks such as solid-state batteries and automotive intelligent large models, and building four major safety capabilities. Overseas expansion and technological transformation are advancing in parallel.

2838 days ago

Leapmotor B10 Begins Production in Spain with Co-Line Manufacturing and Mallén Battery Assembly

On October 16, 2026, Leapmotor B10 started mass production at the Zaragoza plant in Spain; leveraging its cooperation with Stellantis, it is produced on the same lines as the Opel Corsa, Peugeot 208 and Lancia Ypsilon. The two sides are also building a battery assembly base in Malián, extending localization from complete vehicles to key components. Since 2026, Leapmotor has exceeded 100,000 monthly sales for three consecutive months, ranking fourth among global new energy vehicle brands. This dual-plant layout uses a joint venture and shared lines to reuse a mature manufacturing system, offering a reference for Chinese automakers' European localization, but capacity ramp-up, quality stability and delivery coordination still await data verification.

4478 days ago

China: Fuel Vehicle Share Falls Below One-Third as NEV Penetration Hits 67%

Data from the China Passenger Car Association (CPCA) show that in September 2026, the market share of China's fuel-powered passenger vehicles fell below one-third for the first time, while the penetration rate of new energy vehicles rose to 67% and the share of battery electric vehicles reached 47.3%. Product advances, policy orientation and young consumers' preferences are jointly driving the structural shift. Joint-venture brands and traditional dealership and repair systems are under pressure, with the number of auto repair shops falling from 382,000 to 345,000 in half a year. The industry is shifting from fuel-dominated to new-energy-dominated, but fuel vehicles will still coexist with new energy vehicles over the long term in scenarios such as long-distance travel and low temperatures, and the industrial chain needs to complete business and talent structure adjustments during the transition period.

3168 days ago

Fang Cheng Bao Reaches 600,000 Cumulative Sales in 35 Months, Expands into Sedans

BYD's Fang Cheng Bao has surpassed 600,000 cumulative sales, reaching this scale about 35 months after the brand's launch, and it took only two months to grow from 500,000 to 600,000 units. In September 2026, Fang Cheng Bao launched two sedans, the Fang Cheng S and Fang Cheng S GT, priced from RMB 189,900 to RMB 239,900, expanding from hardcore off-road vehicles to a dual-line layout of off-road and sport sedans. Its growth relies on the DMO super hybrid off-road platform and DiSus chassis technology, but competition in both hardcore off-road and sport sedan segments is intensifying simultaneously; going forward, the delivery performance of the sedan lineup and the pace of product innovation need to be observed.

2628 days ago

Tesla Roadster Flying Demo: Mass Production Not Expected Until 2028

On October 15, Tesla showcased the second-generation Roadster in Texas, using cold-gas propulsion derived from SpaceX and a chassis suction system to complete short airborne hops, mid-air steering, and driving upside down. The vehicle is equipped with roughly a 600-liter pressure vessel, 10 nozzles, up to about 2g of suction downforce, and a range target of about 480 km. Mass production is expected by 2028; analysts expect annual sales of about 2,000 units, and the demonstrated technology is still some distance from everyday mass production.

4538 days ago

Haima and Chuneng Passenger Vehicle JV R&D Company Launched in Zhengzhou, Haima Holds 51%

Zhengzhou Chujie Automotive R&D Co., Ltd. has completed registration with registered capital of RMB 1 million. It is 51% held by Haima Automobile Co., Ltd. and 49% by Wuhan Chuneng Passenger Vehicle Co., Ltd. Its legal representative is Qin Ming, and its registered address is Haima Zhengzhou Base in Zhengzhou Economic Development Zone. The company's business scope covers auto parts R&D, new energy vehicle whole-vehicle sales, and other areas, but excludes whole-vehicle manufacturing; it is positioned as an R&D, trading, and sales entity. The two parties intend to collaborate on whole-vehicle technology, parts development, and market introduction, revitalize the production capacity of Haima Zhengzhou Base, and help advance the Chuneng passenger vehicle project. Mass production remains to be advanced later.

3989 days ago

XPENG Unveils Vehicle Tech Platform in Paris, Shifting Overseas Strategy from Cars to Technology

On October 14, 2026, during the Paris Motor Show, He Xiaopeng, Chairman and CEO of XPENG Group, attended the Paris Automotive Summit, released the smart vehicle solution XPENG AI ENGINEERING, and announced progress in the physical AI ecosystem. The solution consists of a vehicle platform, modular technology, and a toolchain; the company claims it saves 41 minutes in per-vehicle inspection time and reduces annual operating costs of production-line electrical inspection by 95%. Timelines for three product lines were also disclosed: humanoid robots are planned for mass production by the end of 2026 and delivery in the first half of 2027; Robotaxi has been given the Chinese and English names “小鹏悠游” and “XPENGYOYO” and is in talks with European mobility platforms; flying cars have cumulative orders exceeding 7,000 units, and NGP is planned to be gradually delivered to global customers starting in 2027. XPENG’s role in Europe is extending from a complete-vehicle exporter to a technology supplier, while the pace of implementation and local compliance remain to be verified.

50611 days ago

极氪8X Tops Cumulative Sales in RMB 300,000–500,000 Hybrid SUV Segment

In the statistical period from April 1 to September 30, 2026, the Zeekr 8X ranked first in cumulative sales in the 300,000-500,000 yuan hybrid SUV market, based on CPCA wholesale data and average transaction price. The vehicle was launched on April 17, with a limited-time price starting at 329,800 yuan after benefits. Firm orders exceeded 10,000 within 29 minutes of sales opening, sales reached 6,103 units in its first full delivery month, and Ultra and above high-end trims accounted for 95.6% of orders. Amid intensifying competition, the difference between wholesale data and terminal retail sales, capacity ramp-up, and whether the lead can be sustained remain to be seen.

25311 days ago

Geely Holding Q1-Q3 Sales Exceed 3 Million, NEV Penetration Reaches 59.7%

Geely Holding announced sales of 3,002,640 vehicles in the first three quarters of 2026, a record high; NEV sales reached 1,792,617, up 12.6% year on year, with a penetration rate of 59.7%. Among them, Geely Auto recorded cumulative sales of 2,235,481 vehicles, including 1,326,364 NEVs, up 14% year on year. NEVs accounted for 71.5% of Lynk & Co's sales, while Zeekr delivered 288,404 vehicles, up 101% year on year. Overseas exports totaled 797,670 vehicles, up 169% year on year, of which NEV exports reached 484,086, accounting for 61% of total exports, indicating that its growth momentum is shifting from scale expansion to structural upgrading.

32411 days ago

China Passenger Car Retail Falls 24% YoY in First 11 Days of October; NEV Wholesale Turns Positive

CPCA weekly data show that from October 1 to 11, 2026, national passenger vehicle retail sales were 459,000 units, down 24% year on year and up 7% month on month; manufacturer wholesale was 385,000 units, down 18% year on year and down 15% month on month. New energy vehicles were relatively resilient: retail sales were 281,000 units, down 13% year on year, while wholesale was 301,000 units, up 6% year on year, the only major indicator to turn positive year on year; retail penetration was 61.2% and wholesale penetration was 78.1%. By week, average daily retail sales in the second week were 58,000 units, up 32% month on month. CPCA noted that high oil prices are curbing first-time purchase demand for fuel vehicles, with replacement of existing vehicles providing support, while cumulative domestic retail sales were still down 22% year on year.

32512 days ago

Chery, Bosch sign Europe ADAS nomination; production to start in 2028, over 800,000 units in five years

Chery Automobile and Bosch signed a project nomination in Paris. The two parties will cooperate on Chery's first batch of localized ADAS projects in Europe, covering Bosch's fourth-generation multi-purpose camera MPC4 and an integrated driving and parking system. The system is planned to be installed on six all-new Chery models, with mass production to start in 2028 and total output expected to exceed 800,000 units over a five-year cycle. Bosch disclosed that MPC4 series camera nominations have covered more than 50 models, with orders exceeding the ten-million-unit level; its one-stage high-level intelligent driving assistance solution has completed testing and validation in Germany, France, and Japan, and is planned to achieve road adaptation validation in multiple regions including North America, the Middle East, Southeast Asia, and the EU within 2026. This nomination reflects that Chinese automakers' going global is extending from vehicle exports to localization of the intelligent supply chain.

27412 days ago

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