Automotive Industry
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BYD and CATL Lead China's Top 500 Automakers
Ten Chinese automotive and auto parts firms made the 2026 Fortune Global 500, with BYD at #91 and CATL surging to #260. CATL’s profitability now exceeds most automakers, signaling a shift in EV value chains toward battery dominance.
Nie Qiang Appointed CEO of FAW Hongqi to Spearhead Premium EV Strategy
Nie Qiang returns to FAW Hongqi as CEO, bringing deep joint-venture marketing expertise to accelerate the brand’s NEV transformation and achieve ambitious 2026 sales goals.
Xiaomi Pengcheng N90/N70 Scheduled for Launch on July 30
Xiaomi Auto will debut its extended-range SUVs—the Pengcheng N90 Max and N70 Max—on July 30, built on the new Kunlun Technical Architecture featuring a super extended-range system, holistic safety, and intelligent cabin flexibility.
BYD Dynasty Flagship Sedan 'Han' Official Images Released
BYD has unveiled official images of its flagship Han sedan ahead of its global debut at the Chengdu Auto Show. The D-segment luxury PHEV boasts a 5256mm length, 315kW hybrid powertrain, 370km WLTC all-electric range, and advanced driver-assistance features including LiDAR.
MIIT Invites Media to Monitor Automakers' Payment Terms
The Chinese Ministry of Industry and Information Technology (MIIT) has enlisted 20 media organizations as independent supervisors to enforce a new 60-day payment term commitment among 17 major automakers, aiming to protect SME suppliers and promote a healthier EV industry ecosystem.
Chery Fulwin A9 Launches Starting at RMB 109,900
Chery has launched the Fulwin A9, a mid-to-large pure electric fastback coupe priced from RMB 109,900. All trims offer a 655 km CLTC range, 70.11 kWh LFP battery, and standard high-end features including L2+ driver assistance. Limited-time incentives include interest-free financing, custom paint, and a lifetime vehicle warranty.
An Qingheng Analyzes Downward Pressure on the Automotive Market
Amid a 24.3% year-on-year drop in passenger vehicle sales in H1, industry veteran An Qingheng highlights unsustainable growth models and calls for strategic shifts in China's saturated EV market.
Zunjie Flagship MPV Launches on August 5: V800 Ultra-Luxury Model Drives Strong Pre-Sales
The Huawei-JAC co-developed Zunjie flagship MPV launches August 5, with the ultra-luxury V800 model accounting for 80% of over 10,000 pre-orders in just 23 days. Priced from RMB 800,000 to 1.2 million, the V800 targets premium business hospitality with a 5,495 mm body and 3,430 mm wheelbase.
Mercedes-Benz Q2 Sales in China Plunge by 30% Amid Major Profit Warning
Mercedes-Benz reports a 30% year-over-year drop in China sales for Q2 2026, leading to a €7.52 billion impairment charge and a sharp decline in profitability. The automaker cites intense competition, weak consumer sentiment, and a model transition phase as key factors.
Porsche Announces Additional 5,000 Job Cuts by 2035
Porsche will cut an additional 5,000 jobs in Germany by 2035, bringing total reductions to 8,900, as the automaker restructures to address challenges from electrification and digital transformation.
Ten Chinese Automakers Ranked Among Fortune Global 500 in 2026
Ten Chinese automakers, including BYD and CATL, secured spots on the 2026 Fortune Global 500 list—marking China’s growing dominance in the global EV and auto industry. While NEV leaders thrive, traditional automakers face mounting pressure to adapt.
Zeekr 9X Five-Seater Launched
The new Zeekr 9X five-seater SUV offers best-in-class second-row space with up to 1.4m of legroom, advanced driver assistance as standard, and a starting price of RMB 451,900 after benefits. Available in Ultra, Hyper, and Yao Black trims.