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[Gasgoo Briefing] Xiaomi YU7 GT Scheduled for Launch This Month
Xiaomi’s EV arm announced the YU7 GT, a high‑performance SUV, will debut on May 21. The model, unveiled at the Beijing Auto Show, features a dual‑motor AWD system delivering 1,003 hp, a top speed of 300 km/h (186 mph) and a CLTC range of 705 km (438 mi). Its launch follows a wave of Chinese EV announcements, including Luxeed’s V9 orders and NIO’s ES8 milestone. Xiaomi aims to compete directly with premium EV makers by leveraging its brand and technology ecosystem.
E-Week Highlights | BYD Is in Talks with Stellantis and Other Automakers to Acquire European Factories; Li Xiang Says Li...
Chinese EV makers are accelerating global expansion and domestic growth. BYD is in talks with Stellantis and other European automakers to acquire idle factories, while XPENG is negotiating for a Volkswagen plant to bypass tariffs and speed localization. In China,...
![[Gasgoo Express] GAC Responds to Aion Being Called Ride-Hailing King; Tesla China Denies Price Hike](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://imagecn.gasgoo.com/moblogo/News/UEditor/image/20250610/6388517001938359565414136.jpg)
[Gasgoo Express] GAC Responds to Aion Being Called Ride-Hailing King; Tesla China Denies Price Hike
GAC Group’s chairman Feng Xingya defended the Aion brand’s "Ride‑Hailing King" label, arguing that ride‑hailing vehicles must meet capital‑goods quality standards to earn driver loyalty. In a separate statement, Tesla China denied any recent price increase for the Model Y, urging...
GBA Synergy, Intelligent Future | 4th Future Auto Pioneer Conference — Intelligent Connected NEV Technology Collaboration Meeting
The 4th Future Auto Pioneer Conference will convene on May 29, 2026 in Shenzhen, leveraging the 30th Guangdong‑Hong‑Kong‑Macao Greater Bay Area International Auto Expo. The gathering targets domestic OEMs, Tier‑1 and Tier‑2 suppliers, and upstream partners to discuss intelligent connected...
NSK and Delta Electronics Form Partnership, Tackling Robot Joint Modules
NSK announced a memorandum of understanding with Delta Electronics to co‑develop next‑generation robot actuators, focusing on rotary and linear joint modules. The partnership leverages NSK’s bearing and linear motion expertise with Delta’s high‑performance servo drives and power technology. A new...
Seeds | Kepler Robot Secures Tens of Millions in New Funding
Shanghai Kepler Robot secured a strategic funding round of roughly 20 million yuan (about $2.8 million), led by the Jiangyin Xiachuang Yihao AI Investment Partnership. The capital ties Kepler to Jiangyin’s industrial ecosystem, accelerating deployment of its industrial‑grade humanoid robots across the...
OPmobility Secures Significant Order From Stellantis
French supplier OPmobility has landed a major contract with Stellantis to provide an integrated tailgate assembly for the automaker's upcoming pure‑electric SUVs in Europe. The deal centers on OPmobility’s “One4You” solution, a thermoplastic tailgate that combines the rear bumper, lighting...
Seeds | "Tsinghua-Backed" Heavy Truck Startup, Just Raised 1 Billion Yuan
Zaihe Truck, a Tsinghua‑incubated AI heavy‑duty truck startup, closed a funding round of roughly 1 billion yuan (about US$139 million). The round was led by BV Baidu Ventures, Su Ventures and Lushi Investment, and was complemented by strategic ties with Horizon Robotics,...
He Xiaopeng on Partnership with Volkswagen: Cooperation Discussed Only After Dismantling and Study
XPeng CEO He Xiaopeng revealed that Volkswagen tested one of XPeng's cars for 500,000 kilometers, dismantled it, and only then entered partnership talks. He highlighted VW's rigorous due‑diligence, underscoring the German automaker's caution in selecting technology partners. XPeng is now...
Lead Intelligent Signs Strategic Cooperation Agreement with Beijing Humanoid Robot Innovation Center
Lead Intelligent and the Beijing Humanoid Robot Innovation Center signed a strategic cooperation agreement to move humanoid robots from labs to mass deployment on industrial production lines, focusing on new‑energy and high‑end manufacturing. The partnership outlines four workstreams: scenario‑driven deployment,...
Figure Founder: F.04 Robot Initiates Component Delivery Process
Figure AI founder Brett Adcock announced on X that the design of the F.04 humanoid robot is finalized, triggering the start of component deliveries. The F.04 is billed as the biggest generational leap for the company, following the launch of...
China Currently Has 1,025 Humanoid Robot-Related Enterprises
China now hosts 1,025 active humanoid‑robot companies, up from 1,021 at the end of 2025. East China holds nearly half of the firms (47.8%), while South China accounts for 22.9% and the Northwest and Northeast each contain under 3%. The...
Versigent Unveiled in Anting
Versigent, a former Aptiv division, officially spun off and listed on the NYSE under the ticker VGNT on April 1, 2026. The company held a brand‑unveiling ceremony in Anting, Shanghai, emphasizing its focus on electrical architectures for electrified, smart and autonomous vehicles....
Aptiv 8th-Generation Radar Selected by Volvo
Aptiv announced a program win with Volvo for its eighth‑generation radar platform, slated for integration into Volvo’s next‑generation vehicle lineup beginning in 2028. The radar will underpin a full suite of safety and driver‑assistance functions and will be paired with...
Centered on "Flash Charge", Amap and BYD Form Strategic Partnership
Chinese navigation giant Amap and electric‑vehicle maker BYD have signed a strategic partnership centered on BYD’s Flash Charge China initiative. The agreement integrates BYD’s ultra‑fast charging stations into Amap’s app, providing real‑time location, availability and pricing data to more than...
Breaking: Luxshare Precision Plans to Acquire 59.5% Stake in BWI International
Luxshare Precision has signed a conditional agreement to acquire a 59.5% stake in BWI International, an established auto‑components maker. The transaction will make Luxshare the ultimate controlling shareholder, pending regulatory clearance. Luxshare has applied for a CSRC whitewash waiver to...
Volvo Cars Appoints President and CEO of Greater China
Volvo Cars announced that Yuan Xiaolin is stepping down as President and CEO of Greater China after a 16‑year tenure, citing a desire to spend more time with family. Duan Jianjun, a veteran with over three decades in luxury automotive...
![[Gasgoo News]Stellantis, Leapmotor Expand Partnership; Huawei Digital Power, JAC Upgrade Cooperation](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://gascloud.gasgoo.com/production/2026/05/693f9b41-d4e8-4f27-801c-a590a83f08d8-1778424945.png)
[Gasgoo News]Stellantis, Leapmotor Expand Partnership; Huawei Digital Power, JAC Upgrade Cooperation
Stellantis announced on May 8 that it will broaden its strategic tie‑up with China’s Leapmotor, evaluating a new production line at the Figueruelas plant in Zaragoza for an all‑electric Opel C‑segment SUV, with a possible start as early as 2028. Leapmotor...
Complaints over OTA Battery Locking Surge; MIIT Summons 8 NEV Makers
Consumer complaints about over‑the‑air (OTA) battery‑locking in China surged to more than 12,000 in March 2026, a 273% year‑on‑year jump. The Ministry of Industry and Information Technology (MIIT) responded by summoning eight new‑energy vehicle (NEV) makers, launching investigations into three...
Rumor: Xiaomi EV Plans Standalone Sub-Brand "Xuntian", First SUV Kunlun N3 to Launch in Second Half of Year
Xiaomi’s automotive division is set to launch a standalone sub‑brand called Xuntian, with its first extended‑range SUV, the Kunlun N3, slated for release in the second half of 2026. The vehicle will carry no Xiaomi badge, signaling a distinct market...
Hebei Automotive Industry Clusters at a Glance: Gasgoo Global Auto Industry Big Data
Hebei’s automotive sector is evolving into a multi‑layered cluster anchored by four specialized hubs—Baoding, Cangzhou, Shijiazhuang and Xingtai. Each hub leverages a dominant automaker, such as Great Wall Motor in Baoding and Beijing Hyundai in Cangzhou, to attract global Tier‑1...
Xiaomi Auto Goes Global: A "German Exam" That Must Be Won
Xiaomi Auto announced its first global expansion, targeting a 2027 launch in Germany. The company revealed a Munich‑based R&D center dedicated to high‑performance and luxury electric vehicles, and restructured its leadership with Yu Liguo heading overseas preparations. With over 650,000...
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[Gasgoo Express] Richard Yu Announces Luxeed V9 to Launch This Month; BMW Responds to LG Energy Solution Order Rumors
On May 7 Huawei’s consumer‑business unit announced the Luxeed V9, a premium electric sedan priced at 398,000 yuan (about $55,000) and slated for launch this month. NIO confirmed its Hexi Corridor battery‑swap route will be operational on May 10, raising its nationwide swap...
Understanding Hunan's Automotive Industry Cluster at a Glance | Gasgoo Global Automotive Industry Big Data
Gasgoo’s data shows Hunan’s auto sector organized around a core‑periphery model, with Chang‑Zhu‑Tan as the nucleus. Changsha leads with over 1,000 suppliers and a full‑stack vehicle‑manufacturing and intelligent‑technology ecosystem, while Zhuzhou and Xiangtan supply power‑train components and cost‑effective chassis parts...
Top 10 Destinations by BYD's Passenger Vehicle Shipments (Jan.–Mar. 2026): Brazil Leads with 89,637 Units | Gasgoo Automotive Research Institute
BYD exported 89,637 passenger vehicles in the first quarter of 2026, with Brazil accounting for more than half of the total. The shipment mix featured 53,355 battery‑electric cars and 36,282 plug‑in hybrids, underscoring a dual‑track powertrain approach. Europe delivered balanced...
Spain, Another Chinese Automaker Setting Up Base?
Chinese automaker Geely is in talks to acquire a portion of Ford's No. 3 assembly line at the Almussafes plant in Valencia, aiming to start local production of one of its models. The deal would be a partial takeover, lowering upfront...
Sitan Semiconductor, Changelight Form Partnership, Deepening Micro-LED Industry Chain Collaboration
Xiamen‑based Sitan Semiconductor and Changelight have signed a strategic partnership to create a vertically integrated micro‑LED supply chain for automotive displays. The collaboration links Sitan’s CMOS driver and module‑packaging expertise with Changelight’s sapphire epitaxy and chip production, targeting die‑to‑die and...
NXP, Hangsheng Deepen Strategic Cooperation
NXP Semiconductors and Shenzhen Hangsheng Electronic have signed a Strategic Cooperation MoU 2.0, deepening a 30‑year partnership focused on smart cockpits, intelligent driving and secure connectivity. The agreement will establish joint technology innovation centers in Shenzhen, Yangzhou and Chengdu to accelerate...
Visteon Q1 Net Sales $954 Million, Outpacing Market Growth by 3%
Visteon reported first‑quarter 2026 net sales of $954 million, outpacing the automotive market by three percentage points. Adjusted EBITDA rose to $104 million and net income reached $31 million, while operating cash flow was modest at $6 million. The company secured $1 billion in new...
New Vision's 2025 Revenue Reaches 667 Million Yuan, Up 15.4% Year-on-Year
New Vision reported 2025 revenue of ¥667 million (approximately $93 million), a 15.4% year‑on‑year increase. HUD sales topped 840,000 units, with its AR‑HUD line CyberVision surging 226.6% and accounting for 21% of total sales. The company added 14 projects from six new...
SenseTime Launches Next-Generation Lightweight Multimodal Agent Model; Token Consumption Drops 60%
SenseTime unveiled SenseNova 6.7 Flash‑Lite, a lightweight multimodal agent that processes visual and textual data in a single pass, eliminating the traditional vision‑to‑text step. The model achieves state‑of‑the‑art benchmark results while cutting inference token consumption by 60% compared with text‑only agents....
Huayou Cobalt: Proposes to Acquire 100% Equity in Atlantic Lithium for $210 Million
Huayou Cobalt announced a $210 million deal to acquire 100% of Atlantic Lithium, securing the Ghana‑based Ewoyaa lithium project. The asset contains 36.8 million tonnes of JORC‑compliant resources at an average 1.24% Li₂O grade, equating to roughly 1.13 million tonnes of LCE. The...
Focusing on Embodied Intelligence, Hangsheng Signs Another Major Partnership
Shenzhen Hangsheng Electronics (HSAE) signed a strategic cooperation framework with Zhuojun Holding Group, while its subsidiary Hangsheng New Energy entered a similar agreement with Yimaike. The three firms will collaborate on intelligent cockpits, the embodied economy, and market‑supply‑chain synergy, leveraging...
Onsemi Q1 2026 Revenue $1.513 Billion, Core Metrics Beat Expectations
onsemi reported Q1 2026 revenue of $1.513 billion, topping the midpoint of its guidance, with GAAP and non‑GAAP gross margins steady at 38.5%. GAAP operating margin fell to 3.5% while non‑GAAP margin held at 19.1%, and diluted EPS was $0.08 GAAP...
Ant Group Invests in ACE ROBOTICS
Ant Group, through its subsidiary Shanghai Yunyang Enterprise Management Consulting, has become a shareholder in Shanghai ACE Robotics, raising the firm’s registered capital to 154 million yuan (approximately $21.5 million). Founded in July 2025, ACE Robotics focuses on embodied intelligence, developing autonomous decision‑making...
Sensata Technologies' Q1 Sales Reach $934.8 Million, Up 2.6% Year-on-Year
Sensata Technologies reported first‑quarter 2025 sales of $934.8 million, a 2.6% year‑on‑year increase, while adjusted operating income reached $174 million, delivering an 18.6% margin. Free cash flow stood at $104.6 million, leaving the company with $635.1 million in cash reserves. Although full‑year revenue slipped...
Seeds | Westlake Robotics Completes Pre-A+ Funding Round
Westlake Robotics, the first commercial AI and robotics venture from Westlake University, has closed a Pre‑A+ funding round. Existing backer Xiaomiao Langcheng led the round, with new investors Industrial Securities Capital and Bei Yu Capital joining. The capital will be...
Spirit AI and Bosch China Sign Strategic Partnership to Jointly Promote Large-Scale Deployment of Embodied Intelligence
Spirit AI and Bosch China have signed a strategic partnership to accelerate the large‑scale rollout of embodied intelligence. The collaboration will use Bosch’s factories and logistics hubs in China for two years of data acquisition and model training, while Bosch...
Joyson Electronics Establishes Solid-State Battery Joint Venture, Targeting Embodied Intelligence
Joyson Electronics and battery specialist Enpower have created a joint venture, Ningbo Junen New Energy Co., to develop solid‑state batteries for embodied intelligence such as robots. The partnership will combine Joyson’s expertise in integrated energy‑management systems with Enpower’s high‑energy‑density solid‑state...
Tuopu Group's New R&D Building Fully Operational
Tuopu Group has inaugurated a 71,000‑square‑meter R&D building in the eastern expansion zone of its headquarters, backed by an estimated $63 million investment. The facility, designed for 2,500 engineers, already hosts more than 1,000 researchers and links to the western sector’s...
SAIC Motor Delivers Resilient Q1 Performance as NEV, Overseas Sales Drive Growth
SAIC Motor posted a steady Q1 2026, with wholesale sales climbing 3% to 973,000 units and revenue reaching 138.52 billion yuan (≈ US$19.4 billion). Net profit edged up 0.09% to 3.03 billion yuan (≈ US$424 million), while operating cash flow surged 700% to 31.99 billion yuan (≈ US$4.5 billion)....
Schaeffler Opens New R&D Hub in Changsha to Deepen China Innovation Push
Schaeffler inaugurated a new 5,000‑square‑meter R&D hub in Changsha, expanding its engineering footprint in China. The facility, part of the Xiangjiang Intelligent Connected Industry Incubation Base, houses 170 engineers working on electric drive, intelligent chassis and autonomous driving technologies. Core...
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[Gasgoo News] Apollo to Acquire Forvia's Automotive Interiors Business; Xiaomi EV to Expand Overseas in Second Half of Next Year,...
Apollo Global Management announced a €1.82 billion ($2.1 billion) deal to acquire Forvia's automotive interiors business, pending regulatory clearance and slated to close in the second half of 2024. At Xiaomi's Investor Day, President Lu Weibing outlined a two‑phase EV rollout: 550,000...
Chery Q1: Gross Margins Rose, Exports Soared
Chery posted Q1 2026 revenue of about $9.2 billion, with gross profit of $1.5 billion and a gross margin of 16.0%, up from 12.4% a year earlier. Net profit reached roughly $580 million while R&D spending rose 25.5% to $400 million. Exports surged 53.9%...
Auto China 2026: GWM Chairman's Livestream on Long-Termism in Car Manufacturing
Great Wall Motor (GWM) used its Auto China 2026 livestream to promote a long‑term, value‑driven approach called “The Covenant.” The chairman unveiled the Guiyuan platform, a modular architecture that can host five different power‑train types, emphasizing reliability over gimmicks. GWM...
Foreign Tier 1s in China: 18 Months Is Just the Baseline, Speed Has No Ceiling
Aumovi Group China announced that its 18‑month high‑performance‑computing development cycle, once a benchmark, is now a baseline as Chinese automakers demand 12‑18‑month model launches. To meet this pace, the company has shifted decision‑making authority to its China Management Committee, granting...
[Gasgoo Express] Hongqi Deepens Cooperation with Unity China; Reports Suggest Shell to Build New Pure Electric Concept Car
Hongqi announced a strategic partnership with Unity China to integrate real‑time 3D rendering into its smart cockpit, covering design, R&D and ecosystem development. At the same time, oil major Shell is reportedly building a pure‑electric concept SUV, dubbed the “Triple...
March 2026 Passenger Vehicle Group Sales Ranking: BYD Takes Top Spot, Domestic Brands Continue to Break Through | Gasgoo Research...
China’s passenger‑vehicle groups rebounded in March 2026, with BYD leading the pack by selling 295,693 units. Geely Holding Group and Chery Holding followed at 256,970 and 232,071 vehicles, securing the top three domestic spots. Volkswagen slipped to fourth with 185,254...
Seeds | BIBO Completes B+ Round Financing, Total Series B Funding Exceeds 1 Billion Yuan
BIBO Automotive Electronics announced a B+ financing round of over 700 million yuan (≈$98 million), pushing its total Series B funding past 1 billion yuan (≈$140 million). The capital will accelerate mass production of its smart chassis XYZ three‑axis products, boost R&D in three‑axis and...
Geely Auto Posts 83.8 Billion Yuan Revenue in Q1 2026, Core Net Profit Rises 31%
Geely Automobile posted record Q1 2026 results, with revenue of 83.8 billion yuan (about $11.7 billion), a 15% year‑on‑year increase, and a gross margin of 17.5%. Core net profit, excluding foreign‑exchange and impairment items, rose 31% to 4.56 billion yuan (roughly $638 million). The...