Hesai Posts First Full-Year Profit, Targets Up to 3.5 Million Lidar Units in 2026
Hesai Technology reported significant financial growth in 2025, achieving profitability and increasing lidar shipments to 1.6 million units.
March 24, 2026
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China Power Battery Output Rises 19% to 142 GWh in Feb, Installation Rate Slips to 19%
China’s battery output surged 19% in February 2026, but installation rates and consumer demand significantly declined.
Europe Auto Sales Edge Up 1.7% in Feb, BYD Surges Over 160%
Europe’s auto market is mildly recovering, with increased HEV registrations and significant growth from Chinese automakers.
NIO-Backed Weineng Lists Holding-Type ABS on Shanghai Bourse
It is the world’s first REITs-like product backed by power batteries.
BMW Recalls 180K Vehicles in China Over Fire Risks
BMW Brilliance Automotive Ltd. and BMW (China) Trading Co., Ltd. have filed a recall plan with China’s State Administration for…
China Auto OTA Updates Hit 1,229 in Feb as Pace Moderates
February 2026 saw a decline in OTA updates, focusing on intelligent driving as industry adjustments occur.
WeRide Q4 Robotaxi Users Surge 900%, Annual Revenue Hits $96 Million
Robotaxi revenue reached $7.0 million in Q4 and $20.6 million for the full year.
Leapmotor Completes Global Design Trio in Munich
Leapmotor opened its European Innovation Center in Munich, aiming for growth and success in Germany’s EV market.
Land Rover Freelander Reborn: Is It Just a Rebadged Chery?
Land Rover Freelander, which was gradually discontinued in 2014, made a high-profile “revival” in Suzhou in late March—not as a…