SAIC-GM-Wuling Signs Cooperation Agreement with Saudi Distributor
SAIC‑GM‑Wuling signed a cooperation agreement with Saudi United Automotive Company (UMG) on April 24, using Saudi Arabia as a launchpad to expand its presence across the Gulf and broader Middle East. The partnership will combine Wuling’s expertise in micro electric and commercial vehicles with UMG’s sales and service network, targeting cost‑effective, energy‑efficient models that fit Saudi Vision 2030 priorities. By localizing product offerings, the automaker aims to capture a larger share of the region’s fastest‑growing automotive market. The deal underscores the Chinese manufacturer’s broader global expansion strategy.
Q1 2026 China's Auto Industry Profit Falls 18% YoY, Sales Profit Margin Drops to 3.2%
China's auto industry output fell 6% YoY to 7.15 million units in Q1 2026. Total sector revenue slipped to about ¥2.41 trillion (~$337 billion) while costs rose, squeezing profit to ¥78.4 billion (~$11 billion), an 18% decline and pushing the sales margin to 3.2%. March’s...
China's April Passenger Vehicle Retail Sales Projected to Reach 1.42 Million Units
China's passenger vehicle market is expected to sell about 1.42 million units in April, a 13.8% drop from March but in line with seasonal patterns. While internal‑combustion‑engine (ICE) sales remain under pressure from high fuel prices and lingering price‑war effects, new‑energy...
JAC, Huawei Device Sign Joint Innovation Cooperation Agreement
JAC Group and Huawei Device signed a Joint Innovation Cooperation Agreement in Beijing on April 26, deepening R&D, supply‑chain integration, and brand building for the MAEXTRO ultra‑luxury smart vehicle line. The partnership builds on a 2019 framework and a 2023...
Great Wall Motor Unveils "Return to Essence, Keep the Covenant", World's First Ethanol Plug-In Hybrid to Launch in Brazil Tomorrow
Great Wall Motor unveiled its new "Guiyuan" platform at the Beijing Auto Show, a modular architecture that can accommodate internal combustion, hybrid, plug‑in hybrid, pure electric and hydrogen powertrains with over 95% parts commonality. The platform underpins the refreshed Hi4...
Auto China 2026 Deep Dive: From Vehicles to Smart Mobility Ecosystems
Auto China 2026 in Beijing showcased 1,451 vehicles across 380,000 sq m, but its lasting impact lies in the shift from standalone cars to integrated smart‑mobility ecosystems. Automakers such as Chery displayed dozens of models side‑by‑side with semiconductor and AI‑sensor partners, underscoring...
SiEngine Showcases Full-Stack Chip Matrix at Auto China 2026
SiEngine used the 19th Beijing International Automotive Exhibition to unveil its latest full‑stack chip matrix, including the Dragon Eagle cockpit series, Star intelligent‑driving chips, the industrial‑grade Dragon Eagle One, the Tiangong 100 AI accelerator and a new SerDes line. The company...
Smart Tech Competition Intensifies: What Is the Expansion Logic for Module Manufacturers?
At Auto China 2026, Quectel and UNISOC unveiled the AR59xUB automotive‑grade 5G communication module. Built on UNISOC’s A7726 chip, the module supports 3GPP Release 16 with a path to Release 17, delivering up to 5 Gbps downlink and 22 K DMIPS computing power. Unlike prior generations,...
Pony.ai Unveils Next-Generation Autonomous Driving Domain Controller
Pony.ai introduced a next‑generation autonomous driving domain controller on April 25, built on NVIDIA’s DRIVE Hyperion platform and powered by the DRIVE AGX Thor with NVLink. The system delivers up to 4,000 FP4 TFLOPS of combined compute, supporting both single‑chip...
Sunwoda's 2025 Revenue Rises 12.9%, Overseas Share Reaches 38.64%
Sunwoda reported record 2025 revenue of 63.25 billion yuan (about $8.9 billion), a 12.9% increase year‑over‑year. Overseas markets contributed 38.64% of sales, reflecting the payoff of its global expansion strategy. Consumer batteries accounted for roughly half of revenue, while EV and energy‑storage...
Wuling, Huawei Qiankun Sign Agreement to Deepen Partnership, Huajing S to Hit the Market on May 8
At Auto China 2026, SAIC‑GM‑Wuling and Huawei Qiankun signed a comprehensive agreement that upgrades their collaboration from the original “Three Intelligences” focus to a full‑scale alliance covering the entire Huajing series. The first model under the deepened partnership, the Huajing S, will...
Robotaxi Cost to Drop Under 230,000 Yuan in 2027, Pony.ai Unveils First L4 Autonomous Light Truck
Pony.ai announced that its fully unmanned Robotaxi will cost under 230,000 yuan (about $32,000) by 2027, undercutting the price of a domestically built Tesla Model 3. The company’s fleet already exceeds 1,400 units and serves more than 1 million riders, showing positive...
Who Is Paving the Way for L3 Scaling?
Huawei’s Qiankun division unveiled ADS 5, a full‑stack autonomous‑driving solution aimed at mass‑market Level 3 deployment. The system combines a cloud‑based World Model with adversarial training, the WEWA2.0 reinforcement‑learning architecture, and the industry‑first Qiankun OS that cuts in‑vehicle latency by 30%. Safety...
Seeds | Xingji Guangnian Closes Two Funding Rounds Within Three Months
Xingji Guangnian, a Chinese robotics startup founded in August 2024, closed a Pre‑A++ round led by Shunchuang Industrial Investment, bringing its total funding in the past three months to over 100 million yuan (about $14 million). The capital will fund the rollout of...
BAIC Group, Bosch China Sign Strategic Cooperation Framework Agreement
BAIC Group and Bosch China signed a strategic cooperation framework agreement on April 23, deepening a long‑standing partnership. The deal targets joint R&D for next‑generation smart mobility in passenger cars and new‑energy, intelligent technologies for commercial vehicles. Both firms will work...
![[Gasgoo News] Tesla's Third-Generation Humanoid Robot Expected to Debut Mid-Year; Ford Announces Dissolution of EV Division](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://gascloud.gasgoo.com/production/2026/04/ec6958e1-41f8-4830-b6bc-b76bcc2aaa30-1777070363.png)
[Gasgoo News] Tesla's Third-Generation Humanoid Robot Expected to Debut Mid-Year; Ford Announces Dissolution of EV Division
Tesla announced that its third‑generation humanoid robot will be unveiled mid‑2026, with serial production slated for July‑August 2026 and an aim to become the company’s highest‑volume product. In parallel, Ford disclosed a major reorganization, dissolving its standalone Model e electric‑vehicle unit...
Seeds | Juwei Technology Completes Series A Financing Rounds Totaling Hundreds of Millions of Yuan
Juwei Technology closed four back‑to‑back Series A financing rounds, raising roughly 200 million yuan (about $28 million). The capital will fund deep research into its quadruped robots and accelerate large‑scale deployment across China’s toughest industrial sites. Investors include Weiqiao Group, Binzhou Chemical, Binzhou...
SiEngine Technology's Qingdao Subsidiary Completes Construction and Begins Operations, Deepening National Industrial Layout
SiEngine Technology's wholly‑owned Qingdao subsidiary has finished construction and started operations, expanding the company's industrial footprint across China. Backed by Ronghui Group, ABC Capital’s Shandong AIC fund and an increased stake from Jingming Capital, the plant includes an R&D center...
Seeds | EVAS Intelligence Secures 1.5 Billion Yuan Series B Funding
EVAS Intelligence secured a Series B financing of 1.5 billion yuan (about $210 million) led by several Beijing development funds and backed by existing investors. The money will fund mass production of the Epoch RISC‑V AI chips, development of the next flagship processor,...
Former XPeng VP, Joins ENGINEAI Robotics
Li Liyun, a former vice president at XPeng who led the company’s AI‑driven autonomous‑driving transformation, has been appointed chief technology officer of ENGINEAI Robotics. A multidisciplinary scientist with stints at LinkedIn, Baidu’s Apollo team and JD.com, Li will oversee the...
This Domestic Chip Aims to Be the "Safety Cornerstone" Of the 800V Era
Novosense Microelectronics unveiled the NSI6911F series of isolated gate driver chips on April 21, marking the first fully domestic Chinese product that meets ISO 26262 ASIL D safety certification. Designed for 800 V high‑voltage platforms in new‑energy vehicles, the chip delivers 19 A peak...
Revenue Up 44.45%, Net Profit Up 10.47%; ThunderSoft Posts Strong 2025 Performance
ThunderSoft announced a 44.45% jump in 2025 revenue to 7.78 billion yuan (~$1.09 billion) and a 10.47% rise in net profit to 450 million yuan (~$63 million). The company’s AIOS‑driven full‑stack architecture powered strong growth across its three core segments, with smart IoT revenue...
Seeds | Boundary.AI Closes Series B Round Exceeding 100 Million Yuan
Boundary.AI, a Chinese developer of high‑safety flight control systems for eVTOL aircraft, closed a Series B round exceeding 100 million yuan (about $14 million). The round was led by Xiamen C&D with participation from Zhangke Yaokun, Xingqi Weilai, and existing backers Yida...
![[Gasgoo Express] Public Consultation Opened for Mandatory National Standard on L2 Driver Assistance; Report: Stellantis Plans Cooperation with Dongfeng Motor...](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://gascloud.gasgoo.com/production/2026/04/c107f8b9-ac80-4b96-8ae3-1692d7d53165-1776793772.png)
[Gasgoo Express] Public Consultation Opened for Mandatory National Standard on L2 Driver Assistance; Report: Stellantis Plans Cooperation with Dongfeng Motor...
China has opened a public consultation (April 16‑22) on its first mandatory national standard for Level‑2 driver‑assistance systems, targeting implementation on Jan. 1, 2027. The draft, co‑authored by Huawei, Xiaomi, BYD and Tesla, categorises L2 assistance into three types and sets...
Not Hype, the Compute Shortage Is Real
Chinese A‑share computing‑power leasing stocks surged in mid‑April, with several firms hitting daily limit‑up as AI demand outpaces chip supply. Token consumption on platforms like OpenRouter jumped 7‑8× year‑over‑year, pushing daily usage past 140 trillion, while high‑end GPU rentals rose 40%...
He Xiaopeng Responds to Autonomous Driving Route Debate: Iterating Directly From L2 to L4 Is the Safest Path
He Xiaopeng, XPeng's chairman and CEO, argued that the safest route to full autonomy is to iterate directly from Level 2 to Level 4, bypassing the traditional Level 3 bridge. He emphasized extending the distance between driver interventions from 100 km to 1,000‑10,000 km to...
Seeds | HiDream.ai Completes New Financing Round Exceeding 500 Million Yuan
HiDream.ai, a Chinese multimodal generative‑AI startup, closed a financing round exceeding 500 million yuan (about $70 million). The round brought in new backers such as Oriental Fortune Capital and Anhui Industrial Investment, while existing investors increased their stakes. Proceeds will fund a...
ECARX Appoints New Chairman
ECARX Holdings Inc. appointed Danish executive Lone Fønss Schrøder as chairman, separating the role from CEO Shen Ziyu to strengthen governance. Schrøder, a veteran of Volvo Cars and multiple European firms, brings deep experience in electrification, AI and software‑defined vehicles. The move...
Valeo to Expand Investment in Wuhan
Valeo announced a renewed commitment to its Wuhan operations, pledging higher investment in the local headlight factory and accelerating the rollout of new lighting, electrification and ADAS technologies. The Wuhan hub, which houses a 1,500‑engineer R&D center and a global...
UBTECH Signs Partnership with Terra Robotics, Humanoid Robots Deployed in European Retail Logistics Scenarios
UBTECH Technology has signed an exclusive distribution deal with Terra Robotics to sell its full‑size embodied intelligent humanoid robots across Germany, Switzerland and Austria. Terra is deploying dozens of Walker S series units in ROSSMANN’s retail logistics centers, marking the...
Benefiting From Rising Lithium Prices, Ganfeng Lithium Expects Q1 Return to Profitability
Ganfeng Lithium said its Q1 2026 net profit will hit ¥1.6‑2.1 bn ($220‑290 million), a 550‑690% jump from a year earlier, with adjusted profit of ¥1.25‑1.75 bn ($174‑243 million). The surge stems from soaring battery‑grade lithium carbonate prices, now around ¥150,000 per ton ($21,000),...
BASF and Transfar Group Sign Strategic Partnership Agreement
BASF and China’s Transfar Group signed a strategic partnership in Shanghai on April 15, creating a joint framework for cooperation across raw material procurement, research and development, crop protection, and advanced materials. The alliance will launch projects targeting high‑performance coatings,...
Understanding Sichuan's Automotive Industry Cluster at a Glance | Gasgoo Global Automotive Industry Big Data
Gasgoo’s data shows Sichuan’s automotive industry is organized around a polarized core in Chengdu, radiating to Mianyang and Deyang. Chengdu hosts over 2,000 suppliers and major OEMs such as FAW‑Volkswagen, Geely and Dongfeng Peugeot‑Citroën, evolving into a dual‑core hub for...
Draft for Approval of Mandatory National Standard for "Safety Requirements for Combined Driving Assistance Systems of Intelligent Connected Vehicles" Completed
China's Ministry of Industry and Information Technology has completed a draft mandatory national standard titled “Safety Requirements for Combined Driving Assistance Systems of Intelligent Connected Vehicles.” The rule applies to M and N‑category vehicles and classifies combined driving assistance systems...
Haval Flagship SUV Named GWM H10
Great Wall Motor has officially christened its new Haval flagship SUV the GWM H10 after a public naming campaign. The model showcases a rugged, boxy silhouette, rectangular headlights, a roof‑mounted LiDAR sensor and a full‑size spare tire, plus the brand’s...
China Passenger Vehicle Export Trends (Jan. - Feb. 2026): BYD Leads in Latin America丨Gasgoo Automotive Research Institute
China’s independent automakers BYD, Geely and Chery posted robust passenger‑vehicle exports in the Jan‑Feb 2026 window, each pursuing distinct global strategies. BYD led with 60,082 units to Central and South America and 40,919 to Europe, while Geely’s strongest market was...
TaiLan New Energy Launches Embodied AI Solid-State Battery Solution, First Batch Delivered
TaiLan New Energy unveiled its "Safe+" solid‑state battery solution for embodied AI robots, delivering the first batch of packs to leading Chinese robotics firms for multi‑scenario testing. The hybrid solid‑liquid cells operate from –40°C to 80°C and sustain 1C discharge...
Automakers Launch a "Buyback Wave": What Signal Does It Send?
Chinese automakers have launched a coordinated share‑repurchase wave, with Geely, Li Auto, Seres, Changan and others spending billions of yuan and hundreds of millions of dollars to cancel outstanding shares. Changan’s first buyback cost about CNY 33 million (≈US$4.6 million) and the sector’s...
2026 GAC Tech Day: Five Technologies Unveiled, How Will They Translate Into Product Competitiveness?
GAC Group’s 2026 Tech Day unveiled five flagship technologies—Xingyuan powertrain platforms, the Starship Body structure, Xinghe Smart Cockpit, Xingling E/E Architecture 4.0, and a domestic‑chip ecosystem. The powertrain suite spans extended‑range electric, plug‑in hybrid and super‑hybrid options, with the PHEV...
![[Gasgoo Brief] XPENG and Huawei Deepen Partnership; ECARX Officially Takes Over Full Flyme OS Operations](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://imagecn.gasgoo.com/moblogo/News/UEditor/image/20250610/6388517001938359565414136.jpg)
[Gasgoo Brief] XPENG and Huawei Deepen Partnership; ECARX Officially Takes Over Full Flyme OS Operations
XPeng announced that its flagship GX SUV will partner with Huawei’s Qiankun platform to launch AI‑driven digital projection headlights, leveraging Huawei’s DLP technology now moving into premium models. At the same time, ECARX took full control of Flyme OS assets...
Chinese Automakers Lead HEV Competition Upgrade: From Mechanical Technology to System Capabilities
Geely unveiled its i-HEV hybrid powertrain in Hangzhou, boasting a peak thermal efficiency of 48.41% and AI‑driven smart controls. The launch marks a strategic shift for Chinese automakers from pure mechanical optimization toward fully integrated system capabilities. Competitors such as...
RICHEN New Energy Establishes Shanghai R&D Headquarters in Jiading District
Ligoo New Energy Technology (RICHEN) has opened a Shanghai R&D headquarters in Anting, Jiading District, backed by a 30 million‑yuan (≈$4.2 million) registered capital. The center is projected to generate about 70 million yuan ($9.8 million) in annual tax revenue once fully operational. It will...
Geely Holding's NEV Push Lifts Q1 Sales to Record High
Geely Holding Group posted a record Q1 2026 volume of 937,927 vehicles, with new‑energy vehicles (NEVs) accounting for 52.4% of sales. NEV deliveries rose 5.8% year‑on‑year to 491,006 units, while overall exports surged 126% to 203,024 units. At the brand...
China's Passenger Vehicle Export Overview (Jan.-Feb. 2026): Russia Leads Overall丨Gasgoo Automotive Research Institute
China’s passenger vehicle exports surged in the Jan‑Feb 2026 window, with traditional internal‑combustion models dominated by Russia, the UAE and Brazil, while new‑energy vehicle (NEV) shipments spread across Europe and emerging markets. ICE exports grew on price advantage and expanding...
GAC Group, Haier Group Sign Strategic Agreement
GAC Group and Haier Group signed a strategic cooperation framework in Qingdao on April 10, aiming to fuse intelligent manufacturing with smart‑home expertise. The alliance will focus on building a "people‑vehicle‑home" ecosystem, leveraging GAC’s AI large‑model platform and Xingling architecture alongside...
Ma Zhixin: Nissan Will Introduce More China-Built Models Globally
Nissan’s China chairman Ma Zhixin announced a global export push anchored by the mantra “In China, for China, to the world.” The automaker has already launched five new‑energy models in 2025 and aims to roll out ten by mid‑2027, while...
XPENG, Fuyao Group Deepen Cooperation
XPENG announced a strategic partnership with Fuyao Group to mass‑produce an AI‑powered dimming privacy glass for its new GX flagship SUV. The glass, the world’s first privacy solution integrated with AI smart‑dimming technology, has entered mass production and delivery. XPENG...
Seeds | Blue Vector Completes Pre-A5 Financing Round
Blue Vector, the parent of eVTOL maker Skyla, announced the close of a Pre‑A5 financing round on April 10, led by Jinding Capital with participation from CICC Capital and a larger stake from Highlight Capital. The round adds to four...
Schaeffler Signs Strategic Cooperation Agreement with ROKAE
Schaeffler and Chinese robotics firm ROKAE signed a strategic cooperation agreement on April 7 to co‑develop core components for humanoid robots, including joint modules. The partnership blends Schaeffler’s high‑performance sensors, harmonic drives and precision manufacturing with ROKAE’s full‑stack robotics expertise and...
Seeds | Henan State-Owned Assets + Luxshare Precision Jointly Invest in a 10-Billion-Yuan Robotics Company
EngineAI Robotics Technology Co. closed a $200 million Series B round, lifting its valuation above 10 billion yuan (≈$1.4 billion). The round was co‑led by Henan Investment Group’s Huirong Fund and Luxshare Precision, with participation from numerous state‑backed platforms and family offices. Henan plans...