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HIMA Adjusts AITO Partnership: Seres Takes Lead, Huawei Returns as Tech Supplier

HIMA Adjusts AITO Partnership: Seres Takes Lead, Huawei Returns as Tech Supplier

On September 16, 2026, HIMA adjusted the AITO cooperation model: Seres took over product definition, design, production, marketing, channels, and after-sales, while Huawei returned to being a technology supplier. The adjustment is limited to AITO; Luxeed and other brands remain led by Huawei. The context is that Seres expects its profit in the first half of 2026 to drop by about 60%, and a third party said Huawei's old agreement took a commission of about 50,000 yuan per vehicle. The new arrangement may ease profit pressure and create two collaboration paths within HIMA, providing a reference for cooperation in the auto industry and the division of responsibilities for going overseas.

48114 hours ago

BBA Reassesses China Market: German Luxury Brands See Profits Plunge, Strategic Retrenchment Accelerates

In H1 2026, the German luxury trio (BBA) continued to underperform in the Chinese market. Hit by intensifying NEV competition, price wars, and declining brand premium power, BBA's sales and profits in China saw significant declines. Audi's depreciation rate surged over 10% from the beginning of the year, with some models seeing dealer quotes 100,000-150,000 yuan below MSRP. Mercedes and BMW face similar pressures of halved profits and declining sales. BBA is transforming from a "profit cash cow" to a "strategic burden," entering a full retrenchment cycle in China.

33370 days ago
Japanese Automakers' Profits Plunge 48% as Global Auto Landscape Shifts to China

Japanese Automakers' Profits Plunge 48% as Global Auto Landscape Shifts to China

Japanese eight major automakers reported a combined 48% year-over-year decline in operating profit for FY2026, the steepest drop since the 2009 financial crisis. Meanwhile, Chinese brands' global sales share surpassed 35%, with an absolute dominance in the NEV segment. The global automotive industry's power center is accelerating its shift from traditional manufacturing giants to China—a structural transformation that carries significant implications for car buyers in Central Asia and Russia.

638114 days ago