China Jan-Apr Auto Industry Revenue at $488 Billion, Profit Margin Slips to 3.4%
China’s automotive industry faces declining profit margins, with a record low of 3.4% in 2026.
May 2026
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China NEV Retail Sales Fall 11% in May 1–24, Penetration Hits 62.5%
China’s passenger vehicle retail sales decreased by 24% year-on-year in May, with NEVs showing relative resilience in sales growth.
What to Expect From BYD’s Upcoming Smart Strategy Event
BYD holds its “Dare to Lead” smart strategy event on May 28, following its March Blade Battery launch. Speculation centers on a self-developed Xuanji chip, an AI model, and possibly solid-state battery details.
Europe’s Auto Market Grows 7% in April as Chinese Brands Gain Share
In April 2026, EU vehicle registrations rose 5.1%, driven by Chinese EV growth and a shift towards new-energy vehicles amid rising oil prices.
Geely Launches EX2 EV in Morocco After EX5 EM-i Rollout
Geely launched the EX2 electric city car and EX5 EM-i hybrid SUV in Morocco, expanding its market presence significantly.
CATL’s 601 MWh Battery Storage Project Goes Live in Bulgaria
A new energy storage project in Bulgaria enhances renewable capacity and strengthens European partnerships for CATL.
Xiaomi EV Q1 Revenue Slips as Deliveries Halve, Annual Sales Goal Holds
Xiaomi’s Q1 automotive earnings showed 80,856 units delivered, declining revenue, and uncertainty about profitability despite strong market momentum.
China Imports 27K Cars in April, Down 33% YoY
China’s auto imports fell 33% in April to 27K units, extending a long-term decline, while NEV imports dropped sharply to just 2% share. Japan remained the top source, with Lexus leading the luxury segment as demand shifts toward domestic models.
BYD Delivers 23 Electric Buses to Spain’s EMT Palma
BYD has delivered 23 electric buses to EMT Palma, part of a project to electrify Palma’s public transit by 2027.
Mercedes Hit by Battery Lock Backlash From 400+ EQC Owners in China
Mercedes faces strong backlash in China due to software updates reducing EQC battery capacity and driving range, prompting legal action from owners.