New Energy Vehicles

9 Automakers Recall Over 4.27 Million Vehicles, Door Handle Safety Flaw Rings Industry Alarm

On August 21, 2026, China's State Administration for Market Regulation announced that Tesla, Xiaomi, Leapmotor, XPeng, Geely, Chery, Dongfeng, BAIC BJEV, and FAW recalled multiple vehicle models due to interior emergency mechanical handle safety issues, involving over 4.27 million units. Tesla accounted for approximately 2.976 million vehicles, nearly 70% of the total. Automakers mainly addressed the issue through warning label additions and OTA updates.

2159 days ago

Global Top 10 Automakers: BYD, Geely, Chery Make Historic Debut

In H1 2026, BYD, Geely, and Chery entered the global top 10 automakers for the first time, with a combined market share of 13.5%, surpassing Volkswagen Group.

3219 days ago

Dongfeng Shenlong Technology Registered with 8.2B Yuan Six-Party Joint Venture Reshaping French Auto Landscape

On August 17, 2026, Dongfeng Shenlong Technology (Wuhan) Co., Ltd. completed business registration in Wuhan Economic Development Zone with registered capital of nearly 8.2 billion yuan. Established by six parties including Dongfeng and Stellantis, the company will adopt a cooperation model where Chinese partners provide NEV and intelligent technology while Stellantis contributes brands and global sales channels, with NEV models launching from 2027 onward.

41114 days ago

NEV Penetration Breaks 60% in July, Exports Exceed 1 Million for Two Consecutive Months

CAAM data shows that in July 2026, China's automobile exports reached 1.043 million units, up 81.3% year-over-year, exceeding 1 million for the second consecutive month. New energy vehicle penetration surpassed 60% for the first time, reaching 60.4%. Leading automakers BYD, Chery, and Geely saw surging export volumes, marking China's entry into a new phase of accelerated globalization.

48315 days ago

Geely "Handover" to An Conghui: Interim Report Shows 46% Core Profit Growth

On August 17, 2026, Geely Automobile announced a major management reshuffle: Li Shufu resigned as Chairman to become Lifetime Honorary Chairman, while An Conghui succeeded him. The interim report released the same day showed H1 revenue of 173.6 billion RMB (+15% YoY) and core net profit of 9.68 billion RMB (+46% YoY), with gross margin rising to 17.9%.

52415 days ago

Leapmotor Logs 25,393 Registrations in Italy Jan-Jul, Leading Chinese EV Startups in Exports

Leapmotor released its latest overseas figures on August 12. Between January and July 2026, the automaker logged 25,393 registrations in Italy. The Lafa5 leads Italy's C-segment EV market following its debut, while the T03 remains a top-selling model. Overseas wholesale sales topped 113,000 units in the first seven months, securing Leapmotor's lead among Chinese EV startups in exports. The company now operates in over 40 countries with more than 2,000 overseas outlets.

37919 days ago

SAIC-GM Renews for 20 Years: JV 2.0 Era Begins with 30 NEV Rollout Plan

SAIC Motor and General Motors officially signed a 20-year strategic renewal on August 5, 2026, extending their joint venture to 2047. SAIC-GM plans to launch 30 new energy vehicles by 2030. In H1 2026, NEV sales reached nearly 50,000 units, up 81% year-on-year, with a 20% penetration rate ranking first among mainstream joint ventures.

35325 days ago

Haval H10 Officially Launched: Boxy SUV from 201,800 Yuan, 1,404km Range

The Haval H10 has officially launched with a limited-time price of 201,800-231,800 yuan. Positioned as a "boxy new species," it features the Hi4-G intelligent AWD architecture, 260km pure electric range, and WLTC combined range of 1,404km with consumption as low as 1.96L/100km.

37927 days ago

Foton Motor July Sales 51,800 Units: NEV 11,300, First 7 Months Up 10.38%

Foton sold 51,800 vehicles in July, with NEV sales of 11,300 units. Cumulative first-7-month sales grew 10.38% YoY, with the NEV segment surging 21.48%.

46427 days ago

CAIP and KraussMaffei Deepen Strategic Partnership on Vehicle Lightweighting

China Aviation Industry Group (CAIP) and German KraussMaffei announced deepened strategic cooperation to jointly develop lightweight automotive components, integrating CAIP's composite materials technology with KraussMaffei's injection molding expertise for the NEV lightweighting market.

54428 days ago

Deutsche Bank Backs XPeng MONA L03 for 12,500 Monthly Sales — What's the Bull Case?

Deutsche Bank issued a research report predicting that the XPeng MONA L03 SUV could achieve monthly sales of 12,500 units. The model features XPeng's second-generation VLA autonomous driving system, powered by the in-house Turing chipset delivering up to 1,500 TOPS of computing power, with VLA 2.0 improving overall driving efficiency by 23%. Deutsche Bank expects these new products to lift XPeng's nationwide monthly volume to about 60,000 units in the second half of 2026. Earlier, XPeng's flagship GX SUV secured 24,863 firm orders within 12 hours of launch, with the Ultra Flagship trim accounting for over 80% of initial orders. Whether MONA L03 can replicate this success depends on whether its autonomous driving experience can create differentiated competitiveness in the mass market.

57230 days ago

Leapmotor Targets 1 Million Sales and 5 Billion Yuan Profit in 2026 — Where Does the Confidence Come From?

Leapmotor released its 2025 financial results: annual deliveries reached 596,600 units, up 103.1% year-over-year; revenue hit 64.73 billion yuan, up 101.3%; net profit reached 540 million yuan, making Leapmotor the second Chinese EV startup after Li Auto to achieve full-year profitability. For 2026, Chairman Zhu Jiangming set more ambitious targets: break through 1 million annual sales and lift net profit to 5 billion yuan. Three pillars support these goals: product matrix expansion (four new models launching within the year), deepened globalization (overseas target of 100,000-150,000 units, covering 35 countries with 1,800+ outlets), and extreme cost control capabilities (in-house R&D covering 65% of core costs). Leapmotor is also planning a second brand above 300,000 yuan for 2027, targeting the premium market.

44330 days ago