# China auto market
Latest news and articles about China auto market
Total: 12 articles found
Xiaomi Closes Chapter on First‑Gen SU7 as Final Unit Is Delivered — A Pivot to the Next Generation
Xiaomi delivered the final first‑generation SU7 and has ceased that model’s production while promising long‑term maintenance and spare‑parts support. The company says it will focus on domestic consolidation and product upgrades rather than immediate U.S. expansion.
NIO’s Long Shot: Profitability This Year and a 5‑Million‑Unit Dream by 2035
NIO’s CEO Li Bin has set bold targets: achieve non‑GAAP profitability in 2026 and sustain 40–50% annual growth toward a 2035 ambition of 5 million vehicles. To reach these goals the company will sharpen R&D spending, expand its battery‑swap and retail footprint, and reorganise around customer‑centric business units to improve efficiency and resource allocation.
GAC’s Trumpchi M8 Hybrid Goes on Pre‑Sale — Big MPV Push Below ¥250,000
GAC has launched pre‑sales for the 2026 Trumpchi M8 HEV with two trims priced at ¥229,800 and ¥249,800, targeting family and executive MPV buyers seeking fuel efficiency without charging. The move reflects a broader strategy by Chinese automakers to expand hybrid offerings as a practical complement to plug‑in and pure electric models.
GAC’s Trumpchi M8 HEV Goes on Pre‑Sale in China — Hybrid MPV Targets Upmarket Families at Competitive Prices
GAC Motor has launched pre-sales for the 2026 Trumpchi M8 HEV with two trims priced at ¥229,800 and ¥249,800, signaling a hybrid‑first strategy for its flagship MPV. The move reflects broader market dynamics in China where hybrids provide a practical bridge between conventional cars and fully electric models amid shifting incentives and consumer preferences.
China’s January Auto Scorecard: Xiaomi Tops the EV Upstarts as the Industry Shifts to a ‘Financial War’
January 2026 sales data show Xiaomi Auto leading China’s electric‑vehicle upstarts with over 39,000 deliveries while BYD retained dominance with roughly 210,000 NEV sales. Facing soft seasonality and fading tax incentives, automakers have shifted from price cuts to long‑tenor, low‑interest finance offers — a developing “financial war” that stimulates demand but raises credit and regulatory risks.
Leapmotor Posts 27% Year‑on‑Year Rise in January Deliveries as China EV Demand Shows Early Momentum
Leapmotor delivered 32,059 vehicles in January, a 27% year‑on‑year increase, signaling early‑year demand momentum for the Chinese EV maker. The rise is encouraging for a smaller independent rival, but sustaining growth while protecting margins will be the key challenge amid intense domestic competition.
Xiaomi Auto Clears More Than 39,000 Deliveries in January — A Rapid Rise for the Tech Giant’s EV Push
Xiaomi Auto said it delivered over 39,000 vehicles in January 2026, a substantial monthly volume for a recent entrant to China’s EV market. The result suggests Xiaomi has achieved meaningful scale, but sustaining profitable growth will hinge on product quality, after-sales operations and market positioning amid fierce competition.
Xiaomi’s SU7 Gets Its First Facelift — A Test of Whether the EV Hype Can Become Durable Growth
Xiaomi is refreshing the SU7 sedan 21 months after its launch, raising prices slightly while adding advanced sensors and compute to catch up with rivals. The facelift reflects a strategic shift from single‑model blitzes to a broader, systemised approach amid internal product cannibalisation, production mismatches and a more discerning Chinese EV market.
Chery Enters Electric Pickup Race with RELY R08 EV, Backed by an Energy-and-Services Alliance
Chery’s RELY brand launched its first pure‑electric pickup, the R08 EV, priced at RMB 127,800–158,800 and offered in two trims. The company also formed a “Qilin Power Ecological Alliance” to integrate energy supply, smart‑agriculture tools and engineering equipment, underscoring a shift toward vehicle‑plus‑services strategies in the electric pickup market.
China’s January Car Retail Slumps Month-on-Month but EVs Now Nearly Half the Market
January retail sales of China’s narrow passenger-car market are estimated at about 1.8 million units, down 20.4% from December but roughly flat year-on-year. NEVs made up around 800,000 of those sales, reaching a 44.4% retail penetration and underscoring the swift structural shift toward electrified vehicles.
Two Troubled Chinese Automakers Double Down on Huawei, Pledging R&D After a Combined ¥60bn Loss
BAIC BluePark and Anhui Jianghuai expect a combined net loss of at least ¥60 billion for 2025 but are responding by committing over ¥113 billion to joint projects with Huawei’s automotive software and solutions. The strategy mirrors the profitable Huawei partnership seen at Seres, but risks include dependence on a shared platform and dilution of differentiation as more OEMs adopt Huawei’s stack.
Lei Jun Rolls Out 7‑Year Low‑Interest Plan for Xiaomi’s YU7 as He Pushes Back on Negative Headlines
Lei Jun used a livestream to announce a seven‑year low‑interest financing option for Xiaomi’s YU7, enabling down payments under RMB 50,000, and urged against negative media coverage after a spate of critical stories about Xiaomi’s cars. The move aims to lower purchase barriers and counter second‑hand market narratives but carries margin and financing risks for the company as it scales in the competitive Chinese EV market.