# China auto market
Latest news and articles about China auto market
Total: 20 articles found
Xiaomi’s Lei Jun Confirms Next‑Gen SU7 Will Be Priced Higher as Company Pushes Upmarket
Xiaomi founder Lei Jun announced that the next‑generation SU7 will carry a higher price tag to reflect substantial upgrades in safety, driving, intelligence and luxury. The model is slated for launch this month and Xiaomi is preparing mass production and deliveries. The price increase signals Xiaomi’s intent to move the SU7 upmarket, balancing improved product quality against the risk of alienating value‑oriented buyers.
China’s Car Market Stumbles in February as Exports and Finance Deals Cushion the Blow
February retail sales of passenger cars in China plunged 25.4% year‑on‑year to about 1.034 million units, with domestic independent brands hardest hit. Automakers have responded with long‑tenor, low‑interest financing to boost demand, while exports—especially of new energy vehicles—hit record highs and provided an offset to the domestic slowdown.
NIO Posts First Quarterly Profit, Touts New 5nm Chip and Battery‑Swap Bet as It Hunts Annual Profitability
NIO reported its first profitable quarter in Q4 2025 and narrowed its full‑year loss, while announcing the successful tape‑out of a second 5nm automotive chip and reiterating a strategic focus on battery swapping. Management set ambitious 2026 volume and revenue targets but warned of supply‑side cost pressures and acknowledged liquidity and margin risks that make annual profitability contingent on execution.
Domestic Upset: AITO M9 Tops China’s EV Resale Rankings as Low Residuals Shadow Market
China’s February 2026 NEV residual-value report shows domestic models leading short-term resale charts: AITO’s M9 tops both one-year pure-electric and plug-in hybrid lists. Yet the sector faces a wider headache as three-year retention for NEVs remains well below that of petrol cars, driven by fast tech obsolescence, high battery costs and aggressive new-car pricing.
China’s EV Arms Race Deepens: BYD’s Megawatt SUV Debuts as Xpeng and Others Sharpen Price and Range Bets
China’s automakers used fresh product launches this week to underscore two converging trends: technological escalation around ultra-fast charging and battery systems, and intensified price segmentation across EV and range-extended lineups. BYD’s new Datang flagship showcases megawatt-class fast charging and high-performance electric powertrains, while Xpeng, GAC Aion and GAC Toyota expand their ranges to compete on price, range and smart-cabin features.
China Pushes Auto Demand with Provincial Trade‑In Schemes as New EV Makers Rack Up Deliveries and Xiaomi Unveils Supercar Concept
Provincial rollouts of China’s 2026 vehicle subsidy and trade‑in rules aim to stabilise car demand and accelerate fleet renewal, with Shenzhen offering significant purchase rebates for NEVs and small petrol cars. February delivery figures show strong volumes from several new EV makers and mixed results among incumbents, while Xiaomi’s Vision GT concept and ADAS usage data underscore the sector’s technological pivot and intensifying competition.
Li Auto Keeps Up Momentum — February Deliveries Reach 26,421 as Cumulative Sales Top 1.59 Million
Li Auto reported 26,421 vehicle deliveries in February 2026, lifting its cumulative deliveries to 1,594,304. The figure signals continued demand for the company’s family‑oriented new‑energy vehicles, even as it contends with safety concerns and intensifying competition in China’s EV market.
Xiaomi Auto Grows Its Retail Footprint — Six New Stores Added in February as the EV Push Deepens
Xiaomi Auto added six new retail outlets in February as it deepens its move into China’s electric-vehicle market. The openings accompany the company’s emphasis on active-safety performance, large assisted-driving mileage and heavy staffing for safety work, signalling a shift toward a hybrid online-offline sales and service model.
Xiaomi Closes Chapter on First‑Gen SU7 as Final Unit Is Delivered — A Pivot to the Next Generation
Xiaomi delivered the final first‑generation SU7 and has ceased that model’s production while promising long‑term maintenance and spare‑parts support. The company says it will focus on domestic consolidation and product upgrades rather than immediate U.S. expansion.
NIO’s Long Shot: Profitability This Year and a 5‑Million‑Unit Dream by 2035
NIO’s CEO Li Bin has set bold targets: achieve non‑GAAP profitability in 2026 and sustain 40–50% annual growth toward a 2035 ambition of 5 million vehicles. To reach these goals the company will sharpen R&D spending, expand its battery‑swap and retail footprint, and reorganise around customer‑centric business units to improve efficiency and resource allocation.
GAC’s Trumpchi M8 Hybrid Goes on Pre‑Sale — Big MPV Push Below ¥250,000
GAC has launched pre‑sales for the 2026 Trumpchi M8 HEV with two trims priced at ¥229,800 and ¥249,800, targeting family and executive MPV buyers seeking fuel efficiency without charging. The move reflects a broader strategy by Chinese automakers to expand hybrid offerings as a practical complement to plug‑in and pure electric models.
GAC’s Trumpchi M8 HEV Goes on Pre‑Sale in China — Hybrid MPV Targets Upmarket Families at Competitive Prices
GAC Motor has launched pre-sales for the 2026 Trumpchi M8 HEV with two trims priced at ¥229,800 and ¥249,800, signaling a hybrid‑first strategy for its flagship MPV. The move reflects broader market dynamics in China where hybrids provide a practical bridge between conventional cars and fully electric models amid shifting incentives and consumer preferences.