BYD's fleet of vehicles equipped with assisted driving features has surpassed 3.52 million units, with the God's Eye system generating over 220 million kilometers of data daily. Xiaomi EV's patent for a retractable dual-logo mechanism has also been revealed.
25015 days ago
Seres Group Director Kang Bo stated AI has evolved from an efficiency tool into a business reconstruction engine covering the entire chain from R&D to service. As of June 30, 2026, over 970,000 AITO owners use intelligent driving assistance daily, with assisted driving accounting for half of total mileage and cumulative distance surpassing 8.3 billion kilometers. Seres' super factory deploys over 3,000 robots and adopts a "factory-within-factory" model embedding CATL production lines.
45017 days ago
CPCA data shows July 2026 NEV passenger vehicle wholesale reached 1.47 million units, up 23% YoY. BYD led with 411K units, Geely 158K, Chery 122K (doubled YoY). Leapmotor's 101K units surpassed Tesla China, becoming the month's biggest highlight.
23823 days ago
Active equity funds allocated just 1.9% to the auto sector in Q2 2026, a five-year low. The market has largely digested negatives like sluggish demand and intensifying competition, with fundamentals beginning to diverge.
22229 days ago
On July 31, 2026, Seres confirmed that its subsidiary Saidou Technology (formerly Landian Technology) completed a capital expansion of approximately 6.67 billion yuan and has been removed from Seres' consolidated financial statements. Chongqing state-backed investors became the largest shareholder with 34.5%, while Seres' stake diluted to 32.96%. AIVA's first mass-produced model, the ME7, is expected to debut within 2026.
51732 days ago
Fortune's 2026 China 500 list features 36 automotive firms with $940.2B combined revenue. New forces surged in rankings while Li Auto was the only startup to see a decline.
59638 days ago
H1 2026 automaker earnings forecasts reveal significant profit declines due to cost surges, FX losses, and intensifying price wars. Seres swung to a loss of 1.5-1.8 billion yuan.
27939 days ago
In the first half of 2026, memory chip manufacturers and automakers are experiencing extreme profit divergence. Shenzhen Longsys Electronics saw net profit surge over 740-fold year-on-year, while GigaDevice's quarterly earnings exceeded three times its entire previous year total. Meanwhile, SERES, GAC, and JAC have issued profit warnings. The explosive demand for high-bandwidth memory from AI servers is squeezing the automotive industry's memory chip supply space.
44147 days ago
In the first half of 2026, AI computing demand triggered a surge in memory chip prices, with storage chip makers delivering explosive profit growth while automakers including SERES, GAC, and JAC issued profit warnings due to rising costs, fundamentally reshaping the auto supply chain profit landscape.
26547 days ago
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.
55149 days ago
Seres disclosed its H1 2026 earnings guidance, projecting a net loss of RMB 1.5-1.8 billion, swinging from profit a year ago. Rising raw material costs and asset impairment weighed on margins, yet AITO brand deliveries grew 10.2% year-on-year.
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The 4th China International Supply Chain Expo opened in Beijing on June 22. Seres showcased the full AITO lineup and created a supply chain partner zone, demonstrating the globalization capabilities of China's smart vehicle industry chain. The smart vehicle chain exhibition area expanded by 40% compared to the previous edition, with 186 enterprises covering chips, batteries, sensors, and connected vehicle technologies.
39269 days ago
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