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Seres NEV Sales Plunge 43.96% in August, AITO Slowdown Sparks Concern

Seres NEV Sales Plunge 43.96% in August, AITO Slowdown Sparks Concern

In August 2026, Seres Group reported NEV sales of 24,244 units, a steep year-on-year decline of 43.96% — a sharp contrast to the overall growth trajectory of China's NEV market. The core AITO brand saw an even more severe drop of 49.68%, while cumulative NEV sales for January-August fell 12.58%. Against the backdrop of BYD exceeding 440,000 units and Leapmotor surpassing 100,000 in August, Seres' correction has triggered deep discussion about its product cycle timing and competitive strategy.

3209 days ago
NIO H1 Revenue Hits $57.67B, Overtaking Li Auto in EV Race

NIO H1 Revenue Hits $57.67B, Overtaking Li Auto in EV Race

In the first half of 2026, Chinese EV startups delivered sharply divergent financial results. NIO posted total revenue of 576.7 billion yuan, surging 85.8% year-over-year and overtaking Li Auto for the first time in half-year revenue scale. Li Auto reported 486.5 billion yuan, down 13.4% YoY, while Xiaomi Auto generated 44.76 billion yuan, up 12.3%. The contrasting performances reflect distinct strategic choices in pricing, product positioning, and market targeting.

2669 days ago
China NEV Sales Rankings: Leapmotor Overtakes Tesla, BYD Dominates

China NEV Sales Rankings: Leapmotor Overtakes Tesla, BYD Dominates

According to data from the China Passenger Car Association (CPCA), August 2026 new energy vehicle (NEV) wholesale sales reached an estimated 1.51 million units, up 16% year-on-year and 4% month-on-month, indicating continued robust market expansion. BYD secured the top position with an overwhelming 433,384 units, creating a gap of nearly 260,000 vehicles against second-place Geely (173,675 units). The most eye-catching development was Leapmotor delivering 103,129 units, surpassing Tesla China (86,166 units) for the second consecutive month above the 100,000-unit threshold. XPeng delivered 39,107 units, Li Auto 37,679 units, NIO 35,836 units, and Xiaomi Auto maintained its position above 30,000 units. Cumulative NEV retail sales from January to August 2026 reached approximately 8.869 million units, with a penetration rate of 52%, confirming NEVs as the market mainstream.

6849 days ago
Xiaomi SkyNomad N90 Max Debuts as First with RoboSense All-Solid-State LiDAR

Xiaomi SkyNomad N90 Max Debuts as First with RoboSense All-Solid-State LiDAR

Xiaomi Auto officially unveiled its second product series, the SkyNomad intelligent large-space SUV lineup, on July 30, 2026. The flagship N90 Max becomes the first mass-produced Xiaomi model equipped with a rear-facing all-solid-state digital LiDAR, exclusively supplied by RoboSense. Based on RoboSense's automotive-grade E Platform, the solid-state sensor integrates proprietary SPAD-SoC and 2D VCSEL chips, delivering a 140° horizontal and 105° vertical field of view with 2cm ranging accuracy. This marks the E Platform's first deployment in mainstream L2+ passenger vehicles.

45545 days ago