Momenta H1 Revenue Jumps 75.9% as Adjusted Net Loss Narrows 97%
Momenta reported a 75.9% revenue increase in H1 2026, expanded into autonomous driving, and secured over 219 vehicle model nominations.
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China Auto Sales Account for 31.4% of Global Total in First Seven Months of 2026
Global vehicle sales rose 5% in July 2023, led by emerging markets, despite declines in China and the US.
BYD’s Overseas Revenue Surpasses Domestic Market for First Time in H1
BYD’s H1 2026 report shows revenue of RMB 344.8 billion, net profit down 20.5%, while overseas revenue surged, outperforming domestic sales significantly.
BYD Reportedly Adapts Racco X-PACK Tech for Small EVs in Global Markets
BYD plans to develop a small EV for global markets using its X-PACK battery, aiming for a future launch in Europe.
All-New IM L6 Launches in China with Standard Steer-by-Wire, Starting at $29.8K
The new IM L6 launched on Aug. 28 in China at RMB 199,900, featuring technological upgrades.
ONVO L60 Hits 110K Deliveries Two Months After 100K Milestone
ONVO announced 110,000 L60 deliveries, achieving steady sales growth and maintaining its position among China’s top three midsize electric SUVs.
Why Xiaomi Just Towed a 58-Ton Heavy Truck Using Car Seats, Not a Tow Hitch
Xiaomi’s SkyNomad N90 Max successfully demonstrated the strength of its seat rails by towing 57.8 tons, showcasing innovative engineering despite market challenges.
NIO Power, Guangzhou SOE Partner Hand Over 23 Battery-Swap Stations
NIO Power and SCI Group signed an agreement to jointly develop energy stations with battery swap technology, aiming to transform infrastructure in the Greater Bay Area.
China Auto Industry Profit Margin Falls to 2.4% in July Amid Intensifying Competition
China’s auto industry saw stable production in July, but profits declined 28%, with pressures from market competition and rising costs.
BYD Set to Complete 10,000th Flash-Charging Station, Halfway to Year-End Goal
BYD will complete its 10,000th flash-charging station on August 28, advancing its new-energy business with aggressive expansion plans.