Tag: #china-auto18 results
Starting January 1, 2027, China will end tax exemptions for four types of energy-saving and new energy vehicles, including plug-in hybrids and commercial electric vehicles. Pure electric and fuel cell passenger cars remain exempt from the vehicle and vessel tax.
Li Auto has established a new sales and service subsidiary in Taizhou, fully owned by its Beijing-based sales arm. This move signals the company's continued expansion of its physical retail and service footprint in China.
GAC Toyota released the 2026 bZ3X EV SUV, priced 94.8k-144.8k yuan, with major upgrades in intelligent driving including one-key parking and sentry mode. It packs 20 sensors, 4D mmWave radar, 8MP cameras, and lidar on top trims. Range up to 610km CLTC with 6kW external power.
Rumors of price hikes in new energy vehicles have triggered a massive sales rush during China's May Day holiday, with dealerships signing over six deals daily and auto shows overcrowded. Consumers are locking in purchases fearing broader increases due to battery and chip costs from brands like BYD and Changan. Intelligent driving-focused brands such as Huawei HarmonyOS, Xiaomi, and Ideal dominate demand, sidelining joint ventures.
Song Feiming (Fermín Soneira), CEO of Audi-SAIC EV project, to become Lamborghini CTO in July 2026. He led launch of new AUDI brand and E5 model, achieving 10k sales by April 2026 using Momenta's AD tech. Project establishes Audi foothold in China EV market.
2026 car exhibition outlines five major trends. Intelligent automobiles transition from global follower to China-led era.
Wuling Motors has introduced a new premium brand named Huajing in collaboration with Huawei's Qiankun intelligent system. The debut vehicle is a large six-seater MPV exceeding 5.2 meters in length. This partnership targets China's growing smart electric vehicle market.
Geely's Q4 2025 revenue hit 1057B RMB, up 22% YoY, driven by Zeekr's 52% sales surge to 53k units led by premium 9X model. Heavy R&D spend on city NOA, smart cockpits, and chips squeezed profits despite margin gains. 2026 targets 345万 total sales with 64% NEV penetration and overseas push.