SAIC August Sales Reach 357K Units as Overseas Sales Jump 57.7%
In August 2026, SAIC Motor sold 357,000 vehicles, with self-owned brands and NEVs showing significant growth, driving cumulative sales higher year-on-year.
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NIO Q2 Earnings: Non-GAAP Profit, but GAAP Loss Remains
NIO posted RMB 26 million in Q2 non-GAAP net profit but a RMB 528 million GAAP net loss. Vehicle margin reached 18.5% as costs remain a challenge.
China EV Sales in August: Leapmotor Logs Record as NIO, XPeng Extend Gains
China’s new-energy vehicle market was subdued in August, yet key brands like BYD and XPeng experienced notable growth amid cautious conditions.
Geely August Sales Hit 270,194 as Exports Jump 205%
Geely Group sold 270,194 vehicles in August, up 8%. Exports exceeded 110,000, up 205%, while new energy vehicles made up 65.1% of sales.
Chery Group August Sales Top 280K Units, Driven by NEVs and Exports
Chery Group’s August 2026 sales increased 15.4% YoY, driven by strong NEV growth and significant overseas expansion, exceeding 7 million exports.
Tesla Model Y L Owners Report Rear-Suspension Sag in China
Model Y L owners in China report reduced rear ride height and tire wear. Some received replacement springs; Tesla had not publicly explained the issue.
Horizon Robotics H1 Revenue Rises 32.9% as Adjusted Net Loss Widens 25.4%
Horizon Robotics reported a 32.9% revenue increase to RMB 2.055 billion in H1 2026, but adjusted net losses widened 25.4%.
MG 07 Tops 31,000 Firm Orders After RMB 105,900 Launch
MG says its 07 sedan has passed 31,000 firm orders. Limited-time prices start at RMB 105,900, with battery-electric and plug-in hybrid versions.
VW China Probes Into Xingyu Lighting Supply Chain After Graduate Layoffs
Volkswagen China initiated an investigation into Xingyu Lighting’s mass layoffs of new graduates amid labor rights concerns.
China Solar Capacity Overtakes Coal Power as Largest Installed Power Source
China’s solar power capacity reached 1.286 billion kW, surpassing coal for the first time, marking a significant renewable energy milestone.