globalization

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.

2709 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.

35410 days ago

Chery Acquires Nissan's South Africa Plant: Another Milestone in Chinese OEMs' Africa Layout

Chery officially acquired Nissan's South Africa plant, marking an important capacity layout for Chinese OEMs in Africa. The plant will provide Chery with localized production for South Africa and southern African markets, reducing tariff and logistics costs.

33513 days ago

New Wine in Old Bottles: The Next Chapter for China's Joint Venture Automakers

In her latest column, Gasgoo senior commentator Tina provides an in-depth analysis of the transformation challenges facing China's joint venture automakers. Using SAIC-GM's renewal to 2047 as a starting point, the article argues that JVs must shift from "local adaptation" to "China-defined products," requiring fundamental changes across five dimensions: product definition, R&D, technology integration, decision speed, and reverse exports.

32422 days ago

Tina's Talk: The Next Transformation Window for the NEV Industry

In 2026, China's new energy vehicle industry stands before a new transformation window. This is not simple volume growth but systemic restructuring. From diversified powertrain competition to the commercialization tipping point of intelligent driving, from reverse exports by joint ventures to global output of Chinese standards, the industry is undergoing a deep shift from "scale expansion" to "value reshaping."

17722 days ago

Can XPENG Replicate Its China Success Overseas? 2026 Global Strategy Deep Dive

XPENG is pushing its globalization strategy with unprecedented intensity. In June 2026, XPENG achieved a record-high global delivery of 27,907 units, up 50.8% year-on-year. The company plans to launch the Mona L03 and a premium SUV in Europe from July, targeting a doubling of overseas sales in 2026. XPENG has established over 500 sales and service outlets globally, with its business model evolving from "selling cars" to a dual-track "selling cars + selling technology" approach spanning vehicle exports, component sales, flying cars, and robotics. However, the global automotive trade environment is growing increasingly complex — the EU imposes anti-subsidy tariffs on Chinese EVs, and the U.S. has levied 100% tariffs on Chinese-made EVs since 2024, creating unprecedented policy headwinds for Chinese brands going global.

50626 days ago

Baolong Automotive H1 Net Profit Surges 83%-123%, Air Suspension and Sensors Drive Dual Growth

Baolong Automotive Technology released its H1 2026 earnings forecast, projecting net profit attributable to shareholders of RMB 246-300 million, up 82.56%-122.64% year-on-year. The company's air suspension and sensor businesses continue high growth, with global operations covering 12 production parks and serving over 2,500 customers.

22928 days ago

NEV Penetration Breaks 64%, China's Auto Market Enters Post-Growth Era

In 2026, China's NEV industry has reached a critical inflection point. Penetration hit 56.9% in May and is expected to reach 64.5% in July. Yet the other side of the coin is equally stark: H1 auto industry profit margins fell to 3.8%, the lowest in a decade; purchase tax exemptions were halved; and the EU imposed anti-subsidy tariffs up to 45.3%. The competitive logic has fundamentally shifted from who runs faster to who stands firmer.

52530 days ago

China NEV Penetration to Hit 54.4% in 2026 as Smart Driving and Globalization Drive Growth

China's auto market is projected to see NEV sales reach 19 million units in 2026, up 15.2% YoY with penetration hitting 54.4%. Smart driving and globalization are emerging as the two core engines driving industry growth.

60231 days ago

China's H1 Auto Exports Hit 5.1 Million: From Scale Expansion to Deep Globalization

China's H1 2026 auto exports reached 5.096 million units with export value exceeding 630 billion yuan. BYD leads Latin America, Chery dominates Europe, and Geely深耕CIS markets. Chinese automakers are shifting from "going out" to "fitting in."

50835 days ago

Geely's H1 Sales Top 1 Million: European Factory + Full-Stack R&D Drive Growth

In H1 2026, Geely's terminal sales exceeded 1 million units, overtaking BYD. Its first European factory landed in Spain, the full-stack e-drive self-development map emerged, and the Aeroht AE200 eVTOL prototype debuted.

50335 days ago

China's Auto Globalization Enters 2.0: From "Going Out" to "Fitting In"

China's auto exports are shifting from "going out" to "fitting in." Overseas prices are 50-100% higher than domestic, and AI quality systems solve talent shortages, marking a shift from price competition to brand premium and system export.

52235 days ago