In H1 2026, Chery Group entered the global top 10 automakers for the first time with a 4.1% market share, tying with Ford for 9th place. BYD, Geely, and Chery collectively hold 13.5% of global sales, exceeding Volkswagen Group's individual share.
3631 day ago
Volkswagen Group and Horizon Robotics are deepening their AI foundation model collaboration through CARIZON, adopting a white-box licensing model to develop a unified AI driving solution, with L3 autonomous driving targeted for delivery in China from the second half of 2027, while L2++ solutions entered mass production in Q3 2026.
27314 days ago
Despite a roughly 20% slump in China's passenger car retail sales, Indiemicro achieved solid growth. Four new product lines each exceeded 10 million yuan in revenue, with cumulative shipments surpassing 500 million units. Clients include Volkswagen, Hyundai, Ford, and GM.
30215 days ago
Volkswagen Group China is deepening AI collaboration with Horizon Robotics through CARIZON, adopting a white-box model to build a proprietary autonomous driving system and advancing L3/L4 mass production.
27115 days ago
In June 2026, pure electric vehicles became the most popular powertrain type in Germany for the first time, surpassing hybrids, gasoline, and diesel vehicles. As the birthplace of the internal combustion engine, Germany's BEV registrations reached 84,057 units, up 78.2% year-on-year, with a market share of 28.4%—the highest among all single powertrain types. This milestone marks the acceleration of the global automotive industry's electrification transition, carrying profound strategic implications for Chinese NEV exports to Europe, Central Asia, and Russia.
20419 days ago
VDA President Hildegard Müller issued a statement highlighting that high energy prices, taxes, social security burdens, and bureaucracy are eroding Germany's manufacturing competitiveness. She called for opening German production sites to foreign manufacturers including Chinese automakers. Meanwhile, Volkswagen plans to cut 100,000 jobs and close four plants as Europe's auto industry undergoes historic restructuring.
26328 days agoVolkswagen Group plans to cut approximately 19,000 jobs in Germany in 2026, with cumulative layoffs exceeding 28,000 by 2030. The massive restructuring follows a 50% plunge in operating profit and a 20% collapse in China sales. German automaking is confronting a triple squeeze of high energy costs, massive EV transition investments, and a reshaped global competitive landscape.
34352 days ago2025 global OEM financials show VW and Toyota each exceeding 2.3 trillion yuan in annual revenue. BYD became the sole Chinese OEM in the global top 10 with 804 billion yuan revenue, ranking eighth with 33.8 billion yuan profit. Chinese OEMs' share of global auto revenue has risen to 18%, though profit scale still significantly trails multinational giants.
28477 days ago
EX1000
