China Targets 70% NEV Share by 2030, Scaled Autonomous Driving Deployment
China’s 15th Five-Year Plan aims for significant NEV adoption in vehicles, targeting 70% sales for passenger cars by 2030.
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BYD Targets 1.9-2 Million Overseas Sales in 2026
BYD targets 1.9-2 million overseas sales in 2026 and over 2.5 million in 2027, with shipping capacity and battery supply limiting growth.
William Li’s Math, and a Market’s Narrow Lens on NIO
NIO’s recent media briefing highlighted its growth and financial performance, emphasizing operating profit over vehicle sales, while discussing future strategies.
Li Auto Cuts New MEGA Price to $75.9K to Reignite Demand
Li Auto launched the new-generation MEGA at RMB 509,800, marking its first major all-electric model with significant upgrades and comfort features.
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 Rolls Out Dual Auto Standards, Clearing Path for L3 Automated Driving
China will implement two new vehicle standards in July 2024, enhancing safety while loosening size restrictions for intelligent vehicles and commercial EVs.
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.
NIO Hits its 90th Power Journey Route, Targets 100 for 2026
NIO opened its 90th Power Journey route, enhancing long-distance travel with battery-swap stations and cultural landmark access.
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.
China Ramps Yearlong Auto Production Compliance Campaign
China launches a yearlong auto sector campaign, emphasizing production consistency and strict oversight on quality and new technologies.