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 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 H1 Core Profit Jumps 46% as Revenue Hits Record $25.8B
Geely posted record H1 2026 revenue of $25.8B and core net profit of $1.44B, up 46%, supported by EV sales and exports.
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 Freelander 8 Gets 10K Orders in 48 Hours From $50,400
The Chery-JLR Freelander 8 drew over 10,000 pre-orders in 48 hours. Five-seat pricing starts at RMB 339,900 ($50,400).
Denza N8 Packs 130 kWh Battery, Clears 1,000 km Range for BYD’s First Large SUV
The Denza N8 features a 130.15 kWh battery, providing 1,003 km range, marking BYD’s largest SUV accomplishment.
Tesla Model Y Performance Filed in China with 78.4 kWh Battery, 635 PS
Tesla’s Model Y Performance has finalized its regulatory filings in China, featuring impressive specs and aiming to boost sales amid intense competition.