Toyota

GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

GAC Group announced on the evening of September 14 that it plans to acquire, through the issuance of shares, part of the equity in a vehicle joint venture held by FAW Co., with the market speculating the target is FAW Toyota; after the transaction, FAW Co. may become GAC's second-largest shareholder. On September 15, GAC's H shares resumed trading and rose more than 12% in the call auction to HK$2.62, giving it a market value of HK$51.034 billion. Experts estimate that the consideration for roughly 25% of FAW Toyota's equity is about 20 billion yuan, requiring GAC to issue more than 4 billion shares. From January to August 2026, FAW Toyota's retail sales totaled 379,000 vehicles, down 26.4% year on year, while GAC Toyota sold 447,000 vehicles, down 10% year on year.

35723 hours ago

GAC to Acquire FAW Joint-Venture Assets via Share Issue; FAW to Become Second-Largest Shareholder

On September 14, 2026, GAC Group announced that it had signed a letter of intent with China FAW to acquire, by issuing shares, part of FAW's equity in an automobile manufacturing joint venture, while concurrently raising supporting funds. After the transaction is completed, FAW is expected to become GAC's second-largest shareholder, GAC's control will remain unchanged, and the transaction will constitute a major asset restructuring and a related-party transaction. GAC A-shares have been suspended from September 14, expected for no more than 10 trading days; before the suspension, they were quoted at RMB 5.09, down 37.85% year-to-date. The target's name has not yet been disclosed, and market speculation points to FAW Toyota.

5131 day ago

U.S. New-Vehicle Inventory at 2.91 Million, Days' Supply Down Nearly Three Weeks YoY

According to Catalyst IQ data, U.S. new-vehicle inventory stood at 2.91 million units in early September, down about 30,000 month over month and up about 40,000 year over year, with 73 days' supply, down 5 days month over month and nearly three weeks less year over year. Hybrids had the fastest turnover for the fifth consecutive month, with inventory at only 64 days; battery electric vehicles fell to 72 days, while diesel vehicles rose to 114 days as oil prices hit new highs. Midsize SUVs and crossovers had inventory of more than 600,000 units, and full-size pickups 358,000. Among six automakers that disclosed figures, inventory days rose for Ford and Mazda and fell for Toyota, Honda, Subaru, and Hyundai. Inventory of lower-priced models contracted.

4585 days ago

Hybrids Fastest-Turning for Fifth Straight Month, Yet Add Most Inventory: U.S. Auto Market Reallocates

Catalyst IQ data shows that in early September, U.S. new-vehicle inventory fell to 2.91 million units, down about 30,000 month over month and up about 40,000 year over year, with 73 days' supply, down 5 days month over month and nearly three weeks less year over year. Hybrids were the fastest-turning for the fifth consecutive month, with 64 days' supply and the largest increase; battery-electric vehicles fell to 72 days, while diesel vehicles rose to 114 days. Models priced from $35,000 to $50,000 accounted for about 36% of available inventory, while lower-priced vehicle inventory contracted. Midsize SUV inventory exceeded 600,000 units, and full-size pickups stood at 358,000. Ford and Mazda saw their days' supply rise, while Toyota, Honda, Subaru, and Hyundai declined.

4875 days ago

Global Top 10 Automakers: BYD, Geely, Chery Make Historic Debut

In H1 2026, BYD, Geely, and Chery entered the global top 10 automakers for the first time, with a combined market share of 13.5%, surpassing Volkswagen Group.

42425 days ago

2027 Toyota Camry Launched: 8155 Chip + 15.6-inch Screen as Standard, from $13,180

On August 19, 2026, GAC Toyota officially launched the 2027 Camry with four variants. Official MSRP ranges from 171,800 to 209,800 yuan, with launch benefit pricing from 131,800 to 169,800 yuan. All variants come standard with a 15.6-inch center display and Qualcomm 8155 automotive-grade chip, featuring the AI Xiaoyue voice large model. Higher trims add rear-seat entertainment screen ports compatible with Xiaomi ecosystem accessories. Powertrain options remain unchanged.

47128 days ago

NEV Penetration Breaks 65% as ICE Vehicle Sales Plunge 47%

In July 2026, China's passenger NEV retail penetration exceeded 65% for the first time, while gasoline vehicle sales plummeted 47.2% YoY. NEVs claimed 9 of the top 10 sales spots, leaving only one ICE model. Despite 31 ICE models cutting prices by an average of 14.1% in H1, the decline proved unstoppable.

23330 days ago

China's Passenger Car Retail Hits 1.46M Units in July; Domestic Brands Break 71% Share

China's passenger car retail sales reached 1.461 million units in July 2026, down 20.9% year-on-year. Domestic brands captured 71% market share, while NEV penetration hit a historic high of 65.1%. Joint venture NEV sales grew 36% against the trend, with exports accelerating to 143,000 units, becoming a new variable in the industry reshuffle.

51535 days ago

89% of Drivers Prefer Physical Buttons: Mercedes CEO Admits Mistake

In 2026, global mainstream automakers collectively reversed the "all-touch, no-button" design trend. Mercedes CEO admitted canceling physical buttons "went too far," Volkswagen confirmed all new cars from 2026 will have physical buttons, and Audi's next-gen interiors return to knobs.

33438 days ago

BBA Profit Margins Collapse: Mercedes Passenger Car Profits Plunge 66%

Volkswagen, Mercedes-Benz, and BMW all reported disappointing H1 2026 results. Mercedes passenger car EBIT plummeted 66.2%, BMW's vehicle margin dropped to just 3.2%, and Audi's revenue fell 10.4%. Weak Chinese demand was the key factor behind the synchronized decline.

53638 days ago

Chery Enters Global Top 10 for First Time: 4.1% Global Share, Three Chinese OEMs in Top 10

In H1 2026, Chery entered the global top 10 automakers for the first time with 4.1% global market share. This follows BYD (7th) and Geely (9th), making three Chinese OEMs in the top 10 simultaneously for the first time. Chery's exports account for 45% of total sales, with overseas presence in 80+ countries.

41741 days ago

All-Solid-State Battery Packs: Smaller, Lighter, Safer

2026 is widely recognized as a pivotal year for solid-state battery industrialization. CATL's semi-solid-state batteries have achieved energy density exceeding 500Wh/kg, Sunwoda has announced its first-generation all-solid-state battery for 2026, and BYD's sulfide all-solid-state battery has passed vehicle-grade certification. With advantages of smaller volume, lighter weight, and higher safety, solid-state batteries are moving from laboratories to production lines, poised to fundamentally rewrite the competitive rules of electric vehicles.

55741 days ago