On July 12, BYD (Thailand) announced cumulative NEV deliveries in Thailand surpassed 130,000 units. The plant marks its second anniversary, with 150,000-unit annual capacity, 93% local employees, and 50% localized procurement.
1404 days ago
From July 1, Russia raised scrap tax by 30% and Brazil restored EV import tariffs to 35%. Under dual tariff barriers, Chinese auto exports to Russia fell nearly two-thirds, while Brazil offers CKD low-rate and zero-tariff quotas for localization.
4905 days ago
GigaDevice released its H1 2026 earnings forecast, expecting revenue of approximately 11.5 billion CNY, up 177% year-on-year; attributable net profit is expected to rise 1,099%. The surge is driven by strong recovery in memory chip and MCU demand, as well as rapid growth in automotive electronics business.
2557 days ago
June 2026 data reveals a historic milestone: Chinese passenger car brands have surpassed Japanese manufacturers in European sales volume for the first time. BYD, SAIC MG and Geely Lynk & Co continue to expand market share while Toyota and Honda struggle with slow electrification. Chinese NEVs are accelerating penetration through technology leadership and cost advantages, complemented by local production and KD assembly strategies that effectively navigate tariff barriers.
26111 days ago
Chery Group sold 256,612 vehicles in June 2026 (+9.8% YoY), with exports reaching 191,062 units (+79.7% YoY)—the first time monthly exports exceeded 190,000 and the fourth consecutive month breaking China's auto export record. Chery's export-to-sales ratio has surpassed 73%, the highest among leading domestic automakers. Its dual strategy of "stable domestic, aggressive overseas" provides a replicable globalization path for Chinese automakers.
44812 days ago
Malaysia is tightening EV import policies, imposing 30% tariffs on imported CBU EVs from 2026 and requiring new EV manufacturing projects to export at least 80% of output. BYD, XPeng, and Leapmotor are accelerating local production to adapt.
39215 days ago
In the second half of 2026, China's NEV exports face new trade policy variables. Russia increased recycling fees on non-locally produced vehicles from July 1, raising Chinese automakers' export costs by approximately 10%. Taking Geely Monjaro as an example, retail prices rose by about 500,000 rubles. Brazil plans to increase NEV import tariffs to 35%, further raising barriers to the South American market. Meanwhile, Central Asian markets' acceptance of Chinese new energy brands continues to climb, with Hallgós customs data showing Chinese brands maintaining strong sales locally.
43515 days ago
Chery Automobile's Tiggo 4 model has officially launched in Kazakhstan, with a starting price of 9.99 million tenge (approximately RMB 138,000). The vehicle features adaptive upgrades for the Central Asian market, including a winter package (seat heating, steering wheel heating, windshield heating) and intelligent driving assistance systems. This marks a new phase in Chery's localization strategy in Central Asia, laying groundwork for further expansion into Russia, Uzbekistan, and neighboring markets.
33018 days ago
Great Wall Motors recently announced that its hardcore off-road model TANK 300 has started local production at the AVTOTOR plant in Kaliningrad, Russia. This is a significant move for Chinese automakers to deepen localization in the Russian market.
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Data from Russian statistical agency PPK JSC shows that in January-April 2026, Chinese vehicles were the largest source of imported new cars in Russia, with monthly shares of 78.0%, 67.2%, 60%, and 71.6%. Total imports reached approximately 77,000 new vehicles plus nearly 28,900 used vehicles. CKD assembly has become the mainstream localization strategy for Chinese automakers in Russia.
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In April 2026, Chinese indigenous brands reached a 54.2% market share in Russia's new car market for the first time, crossing the 50% threshold. Haval operates a fully-owned manufacturing plant, while Chery and Geely have pursued lighter asset models. Localization, after-sales networks, and pricing strategy are identified as the key success factors.
53423 days agoGotion High-Tech officially became a core battery supplier for AITO M6, entering the Harmony Intelligent Driving ecosystem. Seres Chairman Zhang Xinghai warned that memory chip and lithium carbonate prices continue soaring, pushing per-vehicle cost increases beyond 15,000 yuan. Supply chain cost pressure and localization are becoming central contradictions in China's NEV industry.
41735 days ago
EX1000
