The automotive industry is undergoing a profound shift from horsepower to computing power, with AI chips transforming into the new engine of vehicles as the software-defined era accelerates.
29921 days ago
Xiaomi's Q2 2026 financial report shows auto revenue of 23.9 billion yuan with 104,199 deliveries, but segment operating losses expanded to 2.6 billion yuan and gross margin fell to 19.2%.
63336 days ago
Xiaomi Group reported Q2 2026 earnings with smart EV and AI innovation business revenue of $3.5B, including $3.3B from EV sales. Quarterly deliveries reached 104,199 units, up 28.2% YoY. However, auto business gross margin fell to 19.2% with operating losses of $360M, and the annual 550K delivery target is only ~33% complete.
51539 days ago
On August 8, Avatr VP Yong Jun stated at a media event that cooperation with Huawei is not a "necessary item," triggering widespread market concern. On August 10, Avatr urgently responded that the statement was misinterpreted and emphasized that the partnership with Huawei remains solid. The incident reflects the delicate balance between automakers and tech companies in the smart EV era.
55845 days ago
The Leapmotor A05 officially launched on August 11 in Hangzhou, positioned as a "smart, agile boutique sedan" priced from 63,900 to 90,900 yuan. All trims feature the Qualcomm 8295 cockpit chip, while the 510 LiDAR version adds LiDAR and a Qualcomm 8650 autonomous driving chip, achieving the only gate-to-gate full-scenario assisted driving in its class. Dimensions are 4200×1800×1560 mm with a 2605 mm wheelbase, offering 405 km and 510 km range options.
45646 days ago
Nio's first fifth-generation battery swap station will go into operation on August 7 in Quanzhou, becoming the 4,000th swap station in China. The new station supports Nio, Onvo and Firefly brands, with rebuilt architecture accommodating wheelbases from 4.003m to 5.3m.
24456 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.
35467 days ago
XPENG launched the MONA L03 globally on July 16, 2026, in Munich. Priced from 123,800 yuan in China and 35,600 EUR in Germany, the model is expected to achieve 30-40% overseas sales ratio, making it a key pillar of XPENG's international expansion strategy.
63371 days ago
EX1000
