Geely Auto Founder Eric Li Steps Down as Chairman of the Board
Geely Automobile announced a management reshuffle, featuring Eric Li’s departure, as it reported strong first-half 2026 financial results.
August 17, 2026
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All-New BYD Seagull Interior Leaked
The redesigned BYD Seagull features a spacious interior, upgraded performance, and improved driving range to compete in the entry-level EV market.
Xiaomi SU7 Series Crosses 500K Deliveries After 28.5 Months on Market
Xiaomi’s SU7 series surpassed 500,000 deliveries in 28.5 months, becoming a key player in the electric vehicle market.
Geely 2026 H1 Revenue Hits $25.8B, Core Net Profit Surges 46% to $1.43B
Geely Automobile Holdings reported record 2026 H1 revenue of RMB 173.6B, with significant growth in profit and electric vehicle sales amid market challenges.
SAIC Overseas Sales Surge 72.5% in July as MG Expands in Europe
SAIC Motor’s overseas sales surged 72.5% in July, driven by new models and localized operations, with MG as a key growth driver.
China Unifies Chip Testing as NIO, XPeng, and Li Auto Eye External Sales
China has introduced the world’s first national qualification evaluation system for automotive chip testing and certification bodies.
China’s NEV Average Price Rises to $24.9K in July as Market Moves Upmarket
In July, China’s passenger vehicle market shifted towards higher price segments, with increasing demand for new energy vehicles and declining lower-priced models.
Chery-JLR’s Freelander 8 Tops 10K Pre-Orders in 48 Hours
The Freelander 8, developed by Chery and Jaguar Land Rover, received over 10,000 pre-orders in 48 hours, focusing on electrified vehicles.