New Energy Vehicles

Deutsche Bank Backs XPeng MONA L03 for 12,500 Monthly Sales — What's the Bull Case?

Deutsche Bank issued a research report predicting that the XPeng MONA L03 SUV could achieve monthly sales of 12,500 units. The model features XPeng's second-generation VLA autonomous driving system, powered by the in-house Turing chipset delivering up to 1,500 TOPS of computing power, with VLA 2.0 improving overall driving efficiency by 23%. Deutsche Bank expects these new products to lift XPeng's nationwide monthly volume to about 60,000 units in the second half of 2026. Earlier, XPeng's flagship GX SUV secured 24,863 firm orders within 12 hours of launch, with the Ultra Flagship trim accounting for over 80% of initial orders. Whether MONA L03 can replicate this success depends on whether its autonomous driving experience can create differentiated competitiveness in the mass market.

47712 hours ago

Leapmotor Targets 1 Million Sales and 5 Billion Yuan Profit in 2026 — Where Does the Confidence Come From?

Leapmotor released its 2025 financial results: annual deliveries reached 596,600 units, up 103.1% year-over-year; revenue hit 64.73 billion yuan, up 101.3%; net profit reached 540 million yuan, making Leapmotor the second Chinese EV startup after Li Auto to achieve full-year profitability. For 2026, Chairman Zhu Jiangming set more ambitious targets: break through 1 million annual sales and lift net profit to 5 billion yuan. Three pillars support these goals: product matrix expansion (four new models launching within the year), deepened globalization (overseas target of 100,000-150,000 units, covering 35 countries with 1,800+ outlets), and extreme cost control capabilities (in-house R&D covering 65% of core costs). Leapmotor is also planning a second brand above 300,000 yuan for 2027, targeting the premium market.

35617 hours ago

Ford and Geely Form Joint Venture in Spain, Multi-Energy Vehicles from 2028

On July 23, 2026, Ford Motor Company and Geely Automobile Holdings announced a manufacturing joint venture at Ford's Valencia, Spain plant. Ford holds 66% and Geely 34% of the JV, which will share a facility with annual capacity of approximately 500,000 units to produce multi-energy vehicles for both brands. Operations are expected to begin in H1 2027, with the first new models rolling off the line in 2028. The move accelerates Geely's European localization strategy while supporting Ford's product offensive in Europe.

1458 days ago

Dongfeng's You Zheng: China's Auto Market Leads for 17 Years with Three Core Advantages

At the 2026 China Auto Forum opening on July 22 in Shanghai, Dongfeng Motor Group VP You Zheng delivered a keynote speech systematically outlining China's historic leap from follower to leader in the automotive sector.

30611 days ago

2026 China Auto Forum Opens in Shanghai with 15 Topics Mapping Industry Future

The 2026 China Auto Forum officially opened on July 21 in Shanghai's Jiading district. Hosted by CAAM, the event runs through July 23 under the theme "A New Start, New Opportunities, New Journey."

49511 days ago

FIREFLY Debuts Halo Series: Four Green Shades Redefine Personalized EVs

NIO's FIREFLY brand launched the first Halo series model "Habitat" on July 20, featuring an "inner glow" design theme with four green shades, a seven-layer metallic paint process, and 25 interior modifications.

19412 days ago

Leapmotor Leads with 356K Units in H1, New Force Landscape Accelerates Divergence

In the first half of 2026, China's passenger vehicle market saw a 20.2% year-on-year decline, yet Leapmotor delivered 356,500 units to top the new force rankings with 60.8% growth. June single-month deliveries hit a record 93,376 units, with overseas exports nearing 100K units — exceeding full-year 2025 exports.

53313 days ago

NEV Startup Mid-Year Report: Leapmotor Tops with 356,500 Units, Li Auto Declines

In the first half of 2026, Chinese NEV startup rankings were significantly reshuffled. Leapmotor delivered 356,500 units to claim first place, up 60.8% year-on-year. Li Auto delivered 193,500 units, down 5.1%. NIO, Zeekr, and Xiaomi all achieved high growth.

26214 days ago

RMB 150M-300M Share Purchase! Seres Controlling Shareholder Boosts 22.99% Stake, Confident in Long-Term Value

On July 13, Seres announced controlling shareholder Chongqing Sokon Holding plans to purchase RMB 150M-300M of A-shares within 6 months through centralized bidding, using own funds. Sokon Holding currently holds 401 million shares, representing 22.99% of total equity. Meanwhile, Seres' new brand AIVA's first mass-production model AIVA ME7 is slated for release this year, targeting the 100,000 to 200,000 yuan range.

50619 days ago

Hongfuhan's H1 Net Profit Surges Over 220%, Thermal Management Business Becomes Core Growth Engine

Hongfuhan announced that its estimated net profit attributable to shareholders for the first half of 2026 is between 73 million and 83 million yuan, representing a year-on-year increase of 221.13% to 265.13%. The significant growth is mainly driven by strengthened market expansion, deepened existing customer value, and emerging segment layout, with thermal management and automation equipment businesses continuing to scale up alongside cost optimization improving profitability.

54224 days ago

Gansu Launches NEV Charging Infrastructure Supervision, Covering Five Dimensions from Planning to Safety

Gansu Energy Regulatory Office issued a supervision notice, officially launching the 2026 supervision of new energy vehicle charging infrastructure construction and operation in Gansu Province. This supervision covers five areas including planning formulation, charging capacity assurance, operation service optimization, safety responsibility implementation, and power supply service guarantee. It adopts a combination of research and supervision methods, advancing in four phases: deployment, on-site supervision, reporting, and rectification, aiming to improve provincial charging service capabilities.

29424 days ago

Leapmotor Delivers Over 81K Units in May, Solidifying NEV Leadership

In May 2026, Leapmotor delivered 81,569 vehicles, reaching a new high and maintaining its position at the top of China's NEV makers for the third consecutive month. CNEV Post data shows Li Auto ranked second with 33,350 deliveries and Xpeng third with 32,158 units.

48933 days ago