Southeast Asia

Geely H1 Revenue Hits Record 173.6B RMB, Core Profit Up 46%

Geely Holding reported H1 2026 revenue of 173.6B RMB, up 28% YoY, with core net profit up 46%. The group announced it will stop all pure ICE vehicle R&D.

29624 days ago

China's Auto Exports Hit 1.04 Million in July, NEV Share Exceeds 50%

In July 2026, China's auto exports reached 1.043 million units, up 81.3% year-on-year. NEV exports exceeded 50% of total exports for the first time, with Russia, Central Asia, and Southeast Asia leading destinations.

36824 days ago

SCALEFORCE Secures Tens of Millions in Funding: Embodied Intelligence Data Infrastructure Heats Up

Embodied intelligence data infrastructure company SCALEFORCE has recently closed a funding round worth tens of millions of yuan. Proceeds will go toward iterating its physical AI operating system MatrixOS, building a large-scale data production network, and expanding the team. The founding team hails from Baidu, Meta, and Huawei, and the company secured a multi-million-unit data order from Tuoshi Zhihang within its first three months.

46429 days ago

Indonesia Light-Duty Vehicle Market June Report: Chinese Brands Break 25% Share, Wuling Leads Compact MPV

In June 2026, Indonesia's light-duty vehicle market sales rose 12.3% year-over-year, with Chinese brands breaking through 25% market share for the first time. Wuling Air EV ranked first in compact MPV sales for six consecutive months, followed by BYD and Chery. Japanese brands' share fell below 70% for the first time, facing strong challenges from Chinese brands.

59337 days ago

Leapmotor Enters Indonesia, Establishing Dual ASEAN Production Bases

Leapmotor officially entered Indonesia on July 31, unveiling the B10 and C10 at GIIAS 2026. The company partnered with Indomobil Group for local KD assembly, creating a dual production base layout in ASEAN alongside its Malaysia facility.

38940 days ago

From Vehicle Export to Supply Chain Globalization: China's Auto Industry Enters Era 2.0

In H1 2026, China exported 4.059 million vehicles, but the pure export model faces trade barriers including EU anti-subsidy duties and Southeast Asia capacity requirements. Huayu Automotive's new Serbia plant and CATL's Hungary gigafactory mark China's transition from "product export" to "capability export." 2026-2027 will be the critical validation window for overseas mass production capabilities.

30843 days ago

Chery Surges 277% in Europe: Deep Dive into China's Passenger Vehicle Export Landscape

China's passenger vehicle export data for Jan-May 2026 shows Chery soaring 277.5% YoY in Europe, leading Chinese OEMs' overseas expansion. BYD, Geely, and Leapmotor each play to their strengths across Europe, Latin America, and the Middle East.

56445 days ago

BYD Thailand Cumulative Deliveries Surpass 130,000 Units, Localization Proves Effective

BYD has surpassed 130,000 cumulative new energy deliveries in Thailand, coinciding with the second anniversary of its Rayong plant. The facility has an annual capacity of 150,000 units, created over 5,000 jobs, and achieved 93% Thai workforce and 50% local parts sourcing.

69955 days ago

BYD Thailand NEV Deliveries Exceed 130,000 Units, Localization Rate Hits 50%, 93% Thai Staff

On July 12, BYD (Thailand) announced cumulative NEV deliveries in Thailand surpassed 130,000 units. The plant marks its second anniversary, with 150,000-unit annual capacity, 93% local employees, and 50% localized procurement.

28861 days ago

Malaysia Raises EV Import Barriers, Chinese OEMs Face New Challenges

Malaysia is tightening EV import policies, imposing 30% tariffs on imported CBU EVs from 2026 and requiring new EV manufacturing projects to export at least 80% of output. BYD, XPeng, and Leapmotor are accelerating local production to adapt.

57472 days ago

BYD Exports Over 160,000 Units in May, Globalization Map Takes Shape

In May 2026, BYD exported 160,644 NEVs, with cumulative January-May sales reaching 1,405,039 units. Export regional distribution data shows Central & South America at 61,000 units, the EU & UK at 30,000 units, Southeast Asia at 10,000 units, and the CIS at 6,162 units. This data marks BYD's evolution from "China's NEV leader" to a multinational automaker with global depth. Its export structure also provides an important reference sample for Chinese automakers' overseas expansion pathways.

65487 days ago

BYD Overseas Sales Surge 120%, Hard Power Beats Century-Old Brands

BYD's 2026 overseas sales skyrocketed 120% year-over-year, with Chinese hybrid technology forming a reverse-harvest trend in global markets. BYD's overseas sales not only surpassed multiple traditional European brands but also established dominance in Southeast Asia, Latin America, and Middle East markets. The cost advantage and product maturity of Chinese hybrid technology are reshaping the global automotive export landscape.

51791 days ago