On August 17, 2026, Geely Automobile announced a major management reshuffle: Li Shufu resigned as Chairman to become Lifetime Honorary Chairman, while An Conghui succeeded him. The interim report released the same day showed H1 revenue of 173.6 billion RMB (+15% YoY) and core net profit of 9.68 billion RMB (+46% YoY), with gross margin rising to 17.9%.
54730 days ago
In July 2026, China's auto exports reached 1.043 million units, breaking the one-million mark for two consecutive months, with NEV exports exceeding 50% of total exports for the first time.
44133 days ago
On August 5, 2026, SAIC-GM announced a 20-year joint venture extension to 2047. 2025 sales recovered to 535,000 units, and Zhijing E7 became the fastest JV NEV to reach 20,000 deliveries.
35934 days ago
According to the Gasgoo Automotive Research Institute, China's passenger vehicle exports in H1 2026 showed clear regional divergence. Central and South America recorded the strongest growth, Europe continued rapid penetration, and Southeast Asia remained highly competitive. Chery led the European market with 262,331 units and a year-on-year increase of 274.1%, while Leapmotor and Changan also posted impressive growth rates. Chinese automakers are shifting from scale-driven expansion toward region-specific overseas strategies.
24035 days ago
In late July 2026, SAIC Group and its core divisions including Volkswagen, GM, Passenger Vehicle, and IM Motors simultaneously released personnel appointment and removal information, involving 27 executive positions and CEO changes at 4 vehicle companies. Wu Bing, former General Manager of SAIC Passenger Vehicle and CEO of Rising Auto, was appointed General Manager of SAIC Volkswagen, marking the largest personnel adjustment in SAIC Group in recent years.
60541 days ago
In her latest column, Gasgoo senior commentator Tina provides an in-depth analysis of the transformation challenges facing China's joint venture automakers. Using SAIC-GM's renewal to 2047 as a starting point, the article argues that JVs must shift from "local adaptation" to "China-defined products," requiring fundamental changes across five dimensions: product definition, R&D, technology integration, decision speed, and reverse exports.
33841 days ago
In 2026, China's new energy vehicle industry stands before a new transformation window. This is not simple volume growth but systemic restructuring. From diversified powertrain competition to the commercialization tipping point of intelligent driving, from reverse exports by joint ventures to global output of Chinese standards, the industry is undergoing a deep shift from "scale expansion" to "value reshaping."
18941 days ago
In the first half of 2026, China's cumulative automobile exports reached 5.096 million units, up 65.3% year-over-year, marking the first time half-year exports exceeded 5 million units. Chery Group's July overseas exports hit 202,533 units, surging 70.1% year-over-year, becoming the first Chinese automaker to break the 200,000-unit monthly export threshold. BYD's July overseas sales reached 174,900 units, up 124.3%, with a full-year export target of 1.8 million units. Chinese automakers have led Japanese brands in European market share for two consecutive months, while NEV export share surpassed 50% for the first time. Meanwhile, overseas factory production capacity exceeds 2 million units annually, and Chery has established 28 production bases globally, as China's auto industry transitions from "product exports" to "capacity globalization."
57645 days ago
The MG 07, MG's first pure-electric coupe, will open for pre-sales on July 29, positioned in the 150,000-200,000 yuan segment. It is the first MG model equipped with LiDAR and the Momenta R7 world-model ADAS solution, offering both BEV and PHEV powertrain options.
40850 days ago
In June 2026, IM Motors sold 8,000 vehicles, up 81.3% year-over-year. The LS6 model contributed 3,698 units, surging 128.7% YoY. SAIC's NEV sales reached 201,049 units in June, up 66.61% YoY, with H1 cumulative NEV sales nearing 800,000 units.
34455 days ago
Starting June 2026, China's new energy vehicle market has welcomed a new wave of product launches. BYD, Xpeng, SAIC, NIO and other leading automakers have densely launched new models covering price ranges from 150,000 to 500,000+ yuan, signaling the industry's competitive focus shifting from "price wars" to "product wars."
34755 days ago
SAIC Mobility announced at the 2026 World Artificial Intelligence Conference the launch of a purpose-built Robotaxi mass-production program, with the new vehicle scheduled to debut in 2027. This will be Shanghai's first mass-produced Robotaxi with factory-integrated high-level autonomous driving, marking SAIC's formal transition from "post-production retrofit" to "native design."
34058 days ago
EX1000
