November 6th, at the user carnival event held in Hangzhou, Geely Star Wish welcomed a key milestone: this pure electric small car has been on the market for only 24 months, with cumulative sales breaking 1 million units, averaging one transaction every minute, becoming the fastest new energy vehicle globally to reach 1 million sales. At the event site, two new models of the STAR Limited Series were launched simultaneously, while feedback benefits were launched for one million owners.

1 million sales is not a flash in the pan brought by short-term market heat, but the result of long-term stable output. Data shows that Geely Star Wish took the sales champion of all domestic models in 2025; cumulative sales of 249,418 units in the first half of 2026, up 21% year-over-year, continuing to hold the market sales champion title. Market heat continued to rise in the second half of the year, August and September single-month sales continuously exceeded 60,000 units, October sales broke 70,000 units at once, setting a new monthly high since the model launched. This achievement breaks the limits of the new energy category, standing firmly in the front row of the entire passenger car market.

Besides domestic hot sales, the overseas market also opened up. Currently, the car has landed in over 30 countries globally, ranked second in exports of domestic new energy hatchback models in the first half of 2026. In markets such as Thailand, Egypt, Mexico, Australia, etc., Geely Star Wish has repeatedly won the sales champion in its sub-segment, giving this 1 million sales volume both domestic reputation and global recognition, becoming the representative model for domestic small electric cars going global.

At the milestone of sales breaking 1 million, the brand brought two limited versions: STAR Ace and STAR Chill, with a limited-time rights price of 88,800 yuan. The new car adds multiple exclusive paint and interior color options, and is also equipped with an electric front trunk and EVA robot rare in this class, balancing personalization and practicality. Purchasing users can enjoy a 3,000 yuan trade-in subsidy, and can also receive an exclusive gift pack worth 4,099 yuan. Meanwhile, the brand launched a car owner lottery activity, with prizes including drink vouchers, commemorative badges, car accessories, and charging discounts, rewarding the choice of long-term users.

The confidence behind 1 million unit sales comes from stable and reliable product quality under long-term use. Geely in partnership with CATARC conducted actual tests on a vehicle in use with mileage reaching 220,000 km. Test results show that this high-mileage vehicle's comprehensive road range achievement rate still reached 99.7%; after high-intensity use, battery health remained at 91.19%, far higher than the national standard of 70% for 200,000 km. Moose test performance reached 78.1 km/h. The rear-mounted rear-drive layout paired with Lotus chassis tuning showed no obvious attenuation in vehicle handling. CATL battery cells, liquid-cooled temperature control system, plus Shield Battery Protection System, built a solid safety bottom line for long-term car use.

Besides product iteration, the brand continues the public welfare project initiated by owners. Season 3 "Our Star Wish" entered Yunnan Wa villages, donated a music classroom for the village choir, and invited children to come to Hangzhou to perform on stage together, letting owners' kindness come to fruition as the stage dreams of children in mountainous areas.

Crossing the 1 million unit threshold, Geely Star Wish enters a brand new development stage. Subsequently, the STAR Limited Series will continue to iterate new models, relying on stable quality and continuously optimized product experience, steadily moving towards the next 1 million units.

On November 6, the Geely Galaxy Global User Music Carnival and Geely Xingyuan One Million Milestone Fan Reward Press Conference was held in Hangzhou. Since its launch in October 2024, Geely Xingyuan has taken only 24 months to accumulate sales of over 1 million units, becoming the fastest new energy vehicle to reach one million sales globally. This press conference served as a review of Xingyuan's sales miracle, introduced the STAR Limited Series new cars, and outlined the subsequent development direction of the model.

Sales Performance: Top in Domestic Market, Multiple Breakthroughs Overseas

In the domestic market, Geely Xingyuan quickly established its position in the A0-class pure electric segment after its launch. It secured the domestic full-category vehicle sales champion in 2025; in the first half of 2026, cumulative sales reached 249,000 units, up 21% year-on-year, continuing to lead the segment. Entering the second half of the year, the model's popularity continued to rise, with monthly sales exceeding 60,000 units consecutively in August and September, and October sales reaching 70,000 units, setting a new monthly sales record for itself. These bright data points confirm the success of Xingyuan's "high quality, excellent value" route in the domestic market, breaking the conventional industry perception of low price and low quality in A0-class small cars.

The overseas market also harvested abundant results. Currently, Xingyuan has landed in over 30 countries and regions, achieving sales champions in multiple overseas segments: Thailand EV Sales Champion, Egypt A&B-Class Pure Electric Sales Champion, Australia Hatchback Pure Electric Sales Champion, and ranking second in full-category pure electric in Mexico. In the first half of 2026, Xingyuan ranked second in China's new energy hatchback exports, becoming a representative model for the overseas expansion of China's new energy small cars, achieving dual-line growth in domestic and overseas markets.

The underlying support for this sales achievement is robust product strength. Xingyuan comes standard with CATL battery cells, rear-mounted rear-wheel drive, and independent suspension across the entire lineup, raising the configuration threshold for A0-class pure electric small cars from the moment of launch. Geely collaborated with the China Automotive Technology and Research Center to conduct authoritative testing on a user's actual vehicle with 220,000 kilometers driven. The results showed the vehicle's comprehensive range achievement rate reached 99.7%, and battery health remained at 91.19%, far exceeding the national standard requirement of ≥70% at 200,000 kilometers; the Elk Test scored 78.1km/h, with chassis stability matching many同级 new cars. The combination of Shendun Battery, Liquid Cooling Temperature Control System, and Lotus chassis tuning proves that Xingyuan possesses long-term stable and reliable quality, which is also the core reason users continue to choose it.

New STAR Limited Series Launch, Targeting Young Users

At this press conference, Geely launched two new cars from the STAR Limited Series—STAR Ace and STAR Chill, with a limited-time reward price of 88,800 yuan.

STAR Ace offers three exterior color options: Care-Free Green, Pepsi Orange, and Luster Silver; STAR Chill adopts the exclusive Cream Salt Beige body color and customized interior. Both limited models come equipped with class-exclusive Electric Frunk and EVA In-Car Robot, adding personalized and intelligent configurations on top of basic product strength, precisely targeting the young consumer group.

At the same time, the brand released multiple fan rewards: 3,000 yuan trade-in subsidy, a STAR Exclusive Gift Pack worth 4,099 yuan; all Galaxy App users can also participate in a lottery, with prizes including milk tea coupons, One Million Sales Commemorative Badges, in-car premium items, Capybara IP merchandise, and charging service fee coupons. The official revealed that the STAR series will continue to iterate more versions in the future to enrich the product line.

The press conference simultaneously launched the third season of the "Our Xingyuan" charity project. The project continues the model of joint charity between owners and the brand. The third season focuses on the Yunnan Wa Tribe Little Sparrow Choir, donating to build music classrooms, inviting children from mountainous areas to perform on stage with Lang Lang at the press conference venue, and opening music masterclasses to support rural children's music dreams, converting product hype into social value.

Future Plans: Continuous Iteration, Deep Dive into Global Market

One million sales is not the end, but a brand new starting point for Xingyuan. Based on information released at the press conference, Xingyuan's plan is divided into two major directions:

First, continuously enrich the product matrix at the product level. The STAR Limited Series is just a supplement to the product line; in the future, versions of this series will continue to be iterated, relying on the mature chassis and three-electric systems, continuously mining user needs in the A0 pure electric segment, catering to both family commuting and young personalization consumer groups, and continuing to adhere to the route of avoiding low-price cutthroat competition and pursuing high-quality experience competition.

Second, accelerate overseas market layout. Relying on the foundation currently established in Southeast Asia, Australia, and the Middle East markets, continue to expand into overseas countries and regions, replicate the Xingyuan A0-class pure electric product solution to more overseas markets, and continuously expand China's new energy hatchback market share abroad.

From the sales miracle of one million units in 24 months to the launch of the STAR Limited Series, Geely Xingyuan has proven that A0-class pure electric small cars can break out of the trap of low-price competition. Relying on stable three-electric quality, balanced handling, high standard configuration, plus product operations continuously close to users, Xingyuan will continue to consolidate its advantages domestically and head towards a larger global market.

New versions of the STAR Limited Series launch, "Million Achievement Fan Benefits" released simultaneously

On November 6, the "Geely Galaxy Global User Music Carnival and Geely Xingyuan Million Achievement Fan Benefits Launch" was held in Hangzhou. The Geely A0-level pure electric car Geely Xingyuan, under Geely Galaxy, has exceeded 1 million units in cumulative sales since its launch in October 2024, taking 24 months to become the fastest new energy vehicle to achieve million sales globally. At the event, Geely Xingyuan simultaneously launched two new versions of the STAR Limited Series, STAR Ace and STAR Chill, along with "Million Achievement Fan Benefits", and kicked off the third season of the "Our Xingyuan" charity plan.

One vehicle sold in less than a minute, "Champion Speed" continues to accelerate

A million-unit scale usually takes three to five years or even longer, often accumulated from multiple models under a brand, whereas Geely Xingyuan achieved this with a single model within 24 months, equivalent to one sale every less than a minute.

This achievement spans multiple sales cycles. After winning the sales champion of all categories in China's automotive market in 2025, Geely Xingyuan sold 249,418 units in the first half of 2026, a year-on-year increase of 21%, becoming the best-selling model in the first half of the Chinese market again; extending the statistic period to January-September, cumulative sales remain at the top of all categories in China, regardless of brand, energy, or level. Entering the second half of the year, Geely Xingyuan's monthly sales broke 60,000 units for two consecutive months in August and September, and exceeded 70,000 units in October, setting a historical high for monthly sales of the model.

Overseas markets are equally bright. Geely Xingyuan has landed in over 30 countries including Australia, the UK, France, etc., ranking 2nd in Chinese new energy hatchback exports from January-June 2026, successively topping electric vehicle sales in Thailand and consecutive 2 months of A&B class pure electric sales in Egypt, and winning Hatchback pure electric sales champion in Australia only two months after launch.

New Million Starting Point: Two New STAR Limited Series Versions Launch, Fan Benefits Released Simultaneously

Facing young users' diverse aesthetics and lifestyles, Geely Xingyuan launched the STAR Limited Series. STAR Ace offers three colors: Worry-Free Green, Pepsi Orange, and Flowing Silver, equipped with exclusive sporty exterior kits and Obsidian Black interiors; STAR Chill adopts Milk Salt Beige color, paired with brand new Sunlight Beige interiors. Both new versions add the only electric front trunk (frunk) and EVA robot in their class. Users purchasing new versions can enjoy a 3,000 yuan super trade-in subsidy, and get a STAR exclusive gift pack worth 4,099 yuan for a limited time, with a limited-time benefit price of 88,800 yuan. "Million Achievement Fan Benefits" rewarding million users were also released at the meeting: Users logging into Geely Galaxy App to participate in lucky draws have a chance to win Grandpa Bu Chai Tea milk tea vouchers, Geely Xingyuan Million Sales Commemorative Badge, practical in-vehicle ecosystem products, Capybara Healing IP merchandise and other gifts. In addition, users can enjoy a "Star"-meaningful gift (waiting gift) worth 520 yuan after waiting for 15 days following a major order.

220,000 Kilometers In-Service Vehicle Real-World Test: Invisible Competence is the Confidence Behind Million Sales

Visible configurations can be chased, invisible competence cannot be accelerated. Geely Xingyuan, in collaboration with China Automotive Technology and Research Center, selected a user car with 220,000 km driven (310km Dream Edition), conducting real-world tests around endurance, handling, and battery safety.

• Endurance: Real-world test under comprehensive road conditions with eco-mode and AC off reached 309.3km, endurance achievement rate 99.7%.

• Handling: Deer test result 78.1km/h, new car stage was 80.7km/h, handling stability remains superior to most new cars in the same class.

• Battery Safety: Vehicle passed six serial extreme tests of battery, covering battery health, high-temperature baking, seawater immersion, low-temperature charging/discharging, bottom impact, and double-needle pricking. No fire or explosion occurred during the test, battery health was 91.19%, far exceeding the national standard of 70% after 200,000 kilometers.

These performances owe to CATL cells, liquid cooling temperature control systems, and Shield Battery Safety System standard in the entire series, as well as the rear-engine rear-drive layout, front MacPherson plus rear multi-link independent suspension, and Lotus-tuned chassis foundation.

"Our Xingyuan" Season 3: Let the Wa Mountain Songs Sing to the Big Stage

"Our Xingyuan" originates from a collective agreement with car owners when Geely Xingyuan was launched. Season 1 and Season 2, Geely Xingyuan and car owners built basketball courts and football fields for children in Liangshan Sichuan and Qiannan Guizhou. Season 3, the story moves to Masan Village, Simeng County, Pu'er, Yunnan. The "Little Sparrow Choir" there has a group of children who love Wa songs, dreaming of singing ethnic songs to a bigger stage.

To fulfill the owners' wishes, Geely Xingyuan donated and built "Our Xingyuan Music Classroom", and invited the children to Hangzhou to perform on stage with pianist Lang Lang. Besides the performance, Lang Lang also guided the children in person and taught a master class. From music classroom to convention stage, the children's singing dreams became reality under the witness of a million users.

Standing at the new starting point of one million units, Geely Xingyuan will continue to start from user needs, respond to every good life with continuously advancing products, accept every trust with long-term reliable quality, and set out for the next million users.

In the car market of October 2026, there is a change more worthy of discussion than any single-month sales figure: the new energy retail penetration rate reached 67.8%, while overall passenger car retail sales dropped 25% year-over-year. Putting these two numbers together means that market contraction and powertrain switching occurred simultaneously. The retreat of fuel cars is no longer a trend prediction, but a reality unfolding. At this juncture, breaking down item by item who sold tens of thousands more yields limited information. What is more worth asking is: when new energy itself has become the majority of the overall market, is the matter of leadership still the same as it was a few years ago?

BYD's October delivery of 490,168 units, viewed in this context, derives its significance not from the words "setting a new high within the year," but from its position. On the wholesale list, BYD accounted for 483,100 units. The volume of the second-place brand behind them is less than half of that, followed by a string of names with monthly sales in the 100,000s and 50,000s, separated by a clear gap. Meanwhile, NIO, Li Auto, and HIMA all saw year-over-year declines in October, with HIMA's decline exceeding 50%. While the total volume of the new energy track is still expanding, the temperature gap between participants is widening rapidly. The meaning of "New Energy Market Continues to Lead" here is no longer simply whose share is higher, but whether, after penetration crosses the critical point, leaders and followers have entered different competitive dimensions.

This different dimension is first reflected in the question of where growth comes from. Domestic new energy retail sales were down year-over-year in October; the rise in penetration came more from the shrinkage of fuel car share than an explosion of new energy's own incremental volume. In other words, competition in the domestic market is shifting from "grabbing new users" to "replacing stock." In this structure, brands relying on a single domestic market and a single price band for volume have naturally limited flexibility. The more significant signal in BYD's October data is that the weight of overseas sales in the single-month total has stabilized at a level sufficient to change the overall rhythm. Localized production at Thailand, Indonesia, Brazil, and Hungary factories, along with the operation of its own RoRo fleet, means exports are no longer an overflow of domestic capacity, but a second curve supported by independent capacity and channels. When domestic market volatility rises, this curve provides hedging, not just icing on the cake.

Another line easily obscured by sales figures is the energy replenishment network. As of October, Flash Charging Stations have been deployed to over 12,000 locations, covering 341 cities, with a year-end target of 20,000 stations and plans for several thousand overseas. Competition for pure electric models, reaching a stage where penetration is near 70%, is seeing the key winning factor shift from "rated range" to "energy replenishment certainty." The density and consistency of the charging experience will directly alter the psychological threshold for an ordinary family choosing between gas and electric cars. This issue is not as conspicuous as monthly sales, but it determines whether a vehicle's usage experience can sustain repurchases and reputation. Sales are the terminal result, while the energy network is the infrastructure that makes this result sustainable. The time lag between the two often manifests in data only after two or three years.

Another number worth mentioning last: R&D expenses for the first three quarters were 36.3 billion yuan, with cumulative R&D investment exceeding 280 billion yuan. In a cycle where price competition remains fierce and most brands are cutting spending, continuously investing amounts far higher than current profits into R&D looks like a drag on profits in the short term, but in the long term, it is the price of the ticket for the next product cycle. The 2nd Gen Blade Battery, self-developed intelligent driving chips, and data showing over 3.95 million units of assisted driving models in use are all signs that this investment is beginning to pay off at the terminal. Sales figures change every month, but the thickness of technical reserves will not reverse in a single quarter.

Back to October. 490,000 units is a decent number, but the 2026 new energy market has passed the stage of defining success or failure by single-month rankings. A domestic penetration rate nearing 70% means new energy is no longer a "substitute option," but a "default option." Under this premise, the leader's task has quietly shifted from "proving they can be chosen" to "proving they can stand firm in multiple markets and technology lines simultaneously." The pacing of overseas capacity landing, the coverage density of the energy network, and the conversion efficiency of R&D investment will not appear in monthly communication titles, but these are what determine whether the next "October" can still stand in this position.

When mentioning Chery, many people's first impression is still "a major car exporter". Today, this Chinese automaker that has long relied on fuel-powered vehicles to open up overseas markets is rewriting its own growth structure with new energy vehicles.

According to Chery's latest production and sales data, in October 2026, Chery Group's new energy vehicle sales reached 140,893 units, up 27.7% year-on-year, breaking 100,000 units for 7 consecutive months, setting a new monthly record.

In the first 10 months of this year, Chery's new energy vehicle cumulative sales reached 999,417 units, up 43.2% year-on-year, exceeding last year's full-year level.

Image Source: Chery

Placing this in the global market, Chery's new energy scale is also expanding. According to data from the China Passenger Car Association and other institutions, from January to August of this year, Chery Group's new energy vehicle global market share reached 5.5%, entering the top five global automaker groups.

However, another number is more worth paying attention to than the ranking.

From January to October this year, Chery's new energy vehicle cumulative exports reached 614,065 units, up 130.4% year-on-year. Calculated based on the total new energy sales in the same period, the export share has exceeded 60%.

In other words, for every 10 new energy vehicles Chery sells, more than 6 are sold abroad.

As domestic new energy vehicle market competition becomes increasingly fierce, the overseas market is becoming an important support for Chery's new energy growth.

From a major fuel vehicle exporter to the global top five in new energy

In the past few years, fuel vehicle exports have always been an important pillar of Chery's global operations.

Today, new energy vehicles are beginning to play an increasingly important role.

Image Source: Chery

In October this year, Chery's new energy vehicle exports reached 84,728 units, up 108.6% year-on-year, significantly higher than the 27.7% growth in overall new energy sales in the same period.

The changes in the European market are particularly obvious.

From January to September this year, Chery sold 292,000 cars cumulatively in 24 European countries, up 182%; among them, new energy vehicles exceeded 146,000 units, up 251%.

This means that for every two cars Chery sells in Europe, about one is a new energy model.

Image Source: Chery

In terms of products, brands such as OMODA and JAECOO are expanding their coverage in the European market. Among them, JAECOO 7, JAECOO 5 and OMODA 5 entered the top ten best-selling car lists in the UK, and iCAUR V23 is expanding niche demands in markets such as Thailand and Malaysia.

At the same time as overseas market growth, Chery is also accelerating the improvement of its new energy product matrix domestically.

From mainstream pure electric small cars to family sedans and personalized SUVs, to high-end MPVs, Chery covers more segmented markets through different products and brands such as QQ, Fengyun, iCAR, and Luxeed.

In terms of technology, Rhino Battery, Xunlong Fast Charge and V2G technologies constitute an important part of Chery's electrification layout. Among them, the solid-state battery plan will carry out vehicle installation verification in 2027, and Xunlong Fast Charge has proposed the technical goal of "charging for 5 minutes, range of 500 kilometers".

However, there is still a gap between technical planning and scaled application. For Chery, how to convert technical investment into product competitiveness recognized by different markets will directly affect the continuous growth of new energy vehicle business.

After selling globally, need to take root globally

Doubling new energy vehicle exports means Chery is accelerating the opening of overseas markets.

But the larger the export scale, the more prominent the importance of local operations becomes.

Just recently, Chery Holding Group Chairman Yin Tongyue specifically addressed this issue at the 2026 World Intelligent Connected Vehicle Conference.

Yin Tongyue believes that automotive internationalization cannot be limited to exporting finished vehicles, but should shift from "selling globally" to "growing globally, taking root globally", deeply integrating into local technology chains, supply chains and value chains.

He also warned that Chinese automakers need to be vigilant against blind expansion and malicious price competition, to avoid repeating the early days of motorcycles going overseas for low-price competition, otherwise, "going global" could turn into "filling the sea".

These reminders, placed against Chery's latest sales data, have more direct practical significance.

Image Source: Chery

Currently, Chery is promoting local layout in markets such as Malaysia, South Africa, and Spain. Among them, the South Africa Roslin plant promotes the local manufacturing system to transform towards electrification and intelligence by transforming existing capacity; the Malaysia project plans to promote the layout of integrated R&D, production, supply and sales.

From exporting finished vehicles to integrating local manufacturing resources, Chery's globalization business is extending to more links of the industrial chain.

However, the new energy vehicle export share exceeding 60% also means that Chery's future operating performance will be more affected by overseas policies, market demand and supply chain changes.

Especially in mature automotive markets such as Europe, sales growth is just the first step to enter competition. Product reliability, brand awareness, after-sales service and local cost control will all affect long-term operating performance.

In the past, Chery established a sales channel covering the globe relying on fuel vehicles; today, new energy vehicles are becoming the new growth pillar.

Sales volume close to one million proves that Chery has entered the forefront of global new energy vehicle scale competition. And an export share of more than 60% has also placed a more complex globalization challenge in front of Chery.

Next, what is more important than how many vehicles are exported is whether Chery can truly keep the market.

The lack of core product power means intelligent driving overseas needs to accelerate implementation.

With the announcement of October sales for automakers, unsurprisingly, exports are becoming the core sales volume for domestic automakers, and Chinese car exports are showing an explosive growth trend.

According to China Association of Automobile Manufacturers data, total Chinese car exports from January to September 2026 reached 8.63 million vehicles, up 52% year-on-year. In October, the proportion of new energy passenger car exports alone reached 44.2%.

At the same time, domestic automakers are becoming the main force at overseas auto shows. Selling points like cabins and intelligent driving, which are commonplace at domestic auto shows, continue to attract overseas consumers.

Before the Paris Auto Show this year, He Xiaopeng brought Xpeng's NGP to the European market and had a direct showdown with Tesla's FSD.

Recently, He Xiaopeng proposed a new testing ground for domestic automakers and intelligent driving companies, stating that if an automaker wants to prove its intelligent driving technology is truly robust, the most direct verification method is to drive the product to overseas markets and undergo actual tests in different road conditions and traffic rule scenarios around the world.

Setting aside how Xpeng's intelligent driving actually performs, behind He Xiaopeng's viewpoint is the common status quo faced by Chinese new energy vehicle overseas expansion: cars go out, but intelligent driving cannot be used.

Intelligent Driving Untapped Market

With the intensification of price wars and the manifestation of supply chain scale advantages, the prices of domestic new energy vehicle intelligent assisted driving solutions are gradually decreasing, and penetration rates are also climbing. Ministry of Industry and Information Technology data shows that in 2026, the penetration rate of new passenger cars equipped with L2-level integrated driving assistance functions reached 70.5%, and the penetration rate of models equipped with Pilot Driving Assistance functions (NOA) also broke through 34.2%.

Looking at Europe, although it is the birthplace of the automotive industry and the region most actively promoting assisted driving, the penetration rate is still not high.

At the L2 level, under the EU GSR2 regulation framework, the L2 installation rate was forcibly pushed to 100% in 2026. However, this 100% mainly corresponds to basic ADAS functions such as intelligent speed assist and emergency lane keeping, which are not entirely equivalent to the L2 that domestic consumers perceive as simultaneously controlling steering and acceleration/deceleration.

Data from JATO Dynamics statistics of five European countries (Germany, France, Italy, Spain, UK) shows that the penetration rate of new L2 cars that truly possess the ability to control steering and acceleration/deceleration simultaneously is about 35%. In 2022, this figure was 22%, an increase of only 13 percentage points over five years.

As for the penetration rate of high-order urban NOA in Europe, it is less than 1%. The EU's UN R171.02 regulation requires system behavior to be 100% consistent with the written declaration thresholds submitted by the manufacturer to the regulatory authorities in advance, and does not allow any autonomous decision-making behavior beyond the declared scope.

As for the closer Southeast Asian market, although the growth rate has accelerated, it is still lagging in infrastructure, regulations, and after-sales verification systems.

Data shows that the overall ADAS penetration rate in Southeast Asia jumped from 18% in 2025 to 24% in the first quarter of 2026. The rate of pre-installation in pure electric vehicles has reached 42%, and 29% in plug-in hybrid models.

Behind this, the gradual improvement of regulations in Southeast Asian countries. Thailand took the lead in stipulating that new registered electric passenger cars must be equipped with at least three basic ADAS functions starting from January 2026. Indonesia plans to follow up in 2027. Regulations are the primary driver for current penetration rate increases.

However, high-order functions still remain at the verification stage, and test cars are mainly concentrated in closed testing parks in Thailand and Malaysia. Mass-produced urban NOA for consumers basically does not exist.

As for the Middle East and Latin America regions, they are still in the popularization stage of L2 basic functions. There is still a long way to go before reaching high-order intelligent driving.

As for the only region that truly achieved NOA penetration, it is the North American market. Driven by Tesla, the penetration rate of new cars equipped with North American NOA is expected to break through 45% in 2026. Q2 data shows that 55% of users in newly delivered Tesla vehicles in North America activated FSD subscriptions at the time of pickup. As for data on truly realizable urban NOA, it is also less than 5%, contributed entirely by Tesla.

Overall, currently the European and Southeast Asian markets where new energy vehicles mainly export have gaps in the field of high-order assisted driving. For domestic automakers, this is undoubtedly another area of technical dividends. There is no stock competition; once successful, it will become an absolute technical barrier.

But the reality is that intelligent driving overseas faces dual pressure from regulations and infrastructure, and there is still a long way to go before landing.

Three Ways to Seek Breakthroughs

Currently, major domestic automakers exporting overseas have already laid out landing points for intelligent driving solutions overseas to achieve breakthroughs locally. The main paths are divided into three categories, corresponding to these different solution models.

First is the self-developed + localization adaptation solution, which is also one of the current mainstream implementation paths. Tesla's global layout also follows the same solution. A set of core models combined with local data can theoretically achieve adaptation quickly.

Taking Xpeng mentioned at the beginning of intelligent driving overseas as an example, it adopts the "one model eats all globally" strategy. The second-generation VLA model uses world models and reinforcement learning to support L2 assisted driving and L4 autonomous driving with the same architecture.

At the same time, Xpeng has established a local data center in Europe to meet GDPR compliance requirements and has passed the German TÜV Rheinland UN R171 certification, becoming the first Chinese intelligent driving system to receive this certification. It plans to deliver intelligent driving systems adapted to the local environment to European users in 2027, and is also the automaker domestically that has provided a definite timeline so far.

Traditional automaker Changan Automobile also follows the same solution. In details, Changan Automobile adopts a "layered layout" strategy in Europe. The European version uses the Tiandu System + Horizon chip adapted to UN R171 regulations. It plans to launch highway NOA in Europe in 2027, while urban NOA is suspended due to insufficient local verification.

At the same time, Changan established a R&D center in Munich and cooperates with Qualcomm to develop the European data training system, which will accelerate the verification and landing of urban NOA.

The second path is starting from scratch, re-walking the domestic training route in overseas markets. Currently, BYD mainly adopts this solution. Currently, all of BYD's export models are downgraded to basic L2-level functions, and Sky Eye System has not landed overseas.

Intelligent driving technology adapts to the market by cooperating with local companies and building data training centers locally. It uses physical isolation and full-stack localization strategies to cope with GDPR compliance requirements, ensuring European user data is 100% stored in EU data centers and cutting off the data return link.

As for the third route, it is the easiest to implement, which is to directly adopt locally compliant intelligent driving solutions. Just like the Aito export version. Aito models in China are equipped with Huawei Qiankun solutions, but due to regulatory limitations, in order to land overseas as soon as possible, the European version of Aito models plans to adopt the Bosch intelligent driving solution. It plans to mass-produce highway NOA functions in September 2027.

This third path also triggered the rhythm of solution suppliers accelerating landing overseas. Horizon entered the European market through CARIZON, a joint venture with Volkswagen. At the same time, Horizon is accelerating the landing of HSD. It has already secured design wins for 11 automakers and more than 40 export models.

Zhuoyu Technology activated its European headquarters located in Braunschweig, Germany in May 2026, promoting the "In Europe, For Europe" localization strategy. It used ID.Buzz for highway NOA, urban NOA, and automatic parking road trials, planning to complete verification by the end of 2026.

Momenta, one of the four giants in intelligent driving, is the fastest to place its pieces. On the one hand, it has obtained L4 testing permits in the Europe and Middle East region. On the other hand, with cooperation with local European automakers, Momenta's high-order solutions are also accelerating landing. After signing a global strategic cooperation agreement with Dongfeng Peugeot-Citroën Technology, it directly entered Stellantis's global supply chain.

As for true landing, it actually lies in the periodicity of local data training and multiple regulatory certifications. Facing the EU's GDPR compliance requirements, whether it is automakers or solution suppliers, they can only choose to build local data processing and training capabilities locally, slowing down the landing speed.

On the other hand, under the multi-country road conditions overseas, various regulations and certification systems are the issues that currently most affect landing. The EU's WVTA certification takes an average of 12-18 months. Under such a long period of time, intelligent driving solutions have already iterated several versions, making it difficult to truly achieve global synchronization.

The competition of intelligent driving going overseas is no longer about whose technology is more advanced, but about who can complete a mass-producible system-level closed loop under the multiple constraints of the target market, with acceptable costs and cycles. The proof of intelligent driving going overseas is not only technical strength, but also the efficiency competition in local layout under globalization strategies.

[Lead: From photovoltaics and power batteries to new energy vehicles, related industries for the "New Three Things" are gradually facing export tax rebate adjustments. The reduction of the export tax rebate rate for new energy vehicles marks a new watershed, not only affecting the profit margins and pricing of automakers in overseas markets but also further altering the competitive landscape of Chinese automotive exports.]

Author: Zhang Dachuan

Recently, the Ministry of Finance and the State Taxation Administration announced Announcement No. 29 of 2026, specifying that starting from April 1, 2027, the export VAT rebate rate for new energy vehicles will be reduced from 13% to 9%. Following photovoltaics and power batteries, new energy vehicles in the "New Three Things" also face adjustments to export tax rebate policies. This new policy will not only affect the costs and profit margins of Chinese automotive export enterprises but may also further influence automakers' overseas pricing, market layout, and the global competitive landscape.

△ Starting from April 1, 2027, the export VAT rebate rate for new energy vehicles will be reduced from 13% to 9%

Why was the export tax rebate rate for new energy vehicles reduced?

Reducing the export tax rebate rate for new energy vehicles is both a policy adjustment following the improved competitiveness of China's new energy vehicle industry and a realistic choice to respond to changes in domestic and international markets while optimizing the export policy system.

First, the scale of Chinese new energy vehicle exports has grown rapidly, and the industry has the conditions to gradually reduce policy support. From January to September 2026, China's new energy vehicle exports reached 4.006 million units, a year-on-year increase of 127.9%, of which pure electric vehicle exports were 2.449 million units and plug-in hybrid vehicle exports were 1.557 million units. As Chinese automakers have formed strong international competitiveness in technology, supply chains, and cost control, the reliance of export growth on policy preferential treatment is decreasing. Appropriately reducing the rebate rate helps push the industry further towards marketization.

△ In recent years, the scale of Chinese new energy vehicle exports has risen rapidly

Second, this policy adjustment will guide a shift in industry competition methods. In recent years, domestic automotive price competition has become increasingly intense. Some companies have extended low-price strategies to overseas markets. While this can quickly expand export scale, it easily compresses profit margins and intensifies international trade friction. Reducing the rebate rate helps reduce enterprises' reliance on price advantages and policy preferential treatment, pushing the focus of competition towards technological innovation, brand building, and localized operations. At the same time, against the backdrop of the EU imposing countervailing duties on Chinese pure electric vehicles and other factors, adjusting export tax rebate policies is also part of optimizing the export policy system and adapting to changes in the international trade environment.

△ Accelerating expansion of new energy vehicles overseas requires attention to avoiding trade friction

It is worth noting that this adjustment targets only new energy vehicles and does not involve fuel vehicles, mainly reflecting the different development stages and policy positioning of the two product categories. China's new energy vehicle industry has formed strong international competitiveness and has the foundation to gradually reduce policy support. Compared to new energy vehicles, the international competitive advantage of Chinese fuel vehicles is not yet prominent, and the trade friction faced is relatively small. There is still significant room for development in markets such as Russia, the Middle East, Africa, and Latin America, and brands such as Chery, Great Wall, and Geely are continuously expanding overseas business. Maintaining the original rebate rate helps maintain export price advantages. Therefore, differentiated adjustment is not only to push new energy vehicles to reduce policy reliance but also a policy consideration to balance the export competitiveness of traditional fuel vehicles.

△ The export tax rebate rate for fuel vehicles has not been adjusted

Export exit route for marginal automakers is narrowing

Domestic automotive market competition is becoming increasingly fierce, and some automakers lacking core competitiveness view overseas markets as the last retreat for digesting capacity and maintaining operations. However, with the reduction of the export rebate rate, the model of expanding exports solely relying on domestic cost advantages and policy preferential treatment will face greater challenges, and overseas markets are becoming increasingly difficult to serve as a haven for marginal automakers.

The reduction of the rebate rate accelerates industry reshuffling and will directly compress the profit margins of exported vehicle models, especially for companies with severe product homogenization, low profit margins, and reliance on low-price competition, making the low-price export model difficult to sustain. For example, some electric vehicle models in the 100,000 yuan price range mainly rely on price advantages to develop markets such as Southeast Asia. Their own profit margins are limited, and reduced tax rebates will further squeeze their profitability. For marginal automakers that lack core technology, brand competitiveness, and a stable domestic market foundation, relying solely on exports for operation, the survival pressure will increase further. In contrast, leading enterprises such as BYD and Geely, which have technology, brand, and scale advantages, have more ability to digest cost pressures, and industry resources will further concentrate on enterprises with long-term competitiveness.

△ Overseas markets will increasingly become difficult to serve as the "last retreat" for some automakers after setbacks in the domestic market

The reduction of the rebate rate will also accelerate automakers' overseas localization layout and promote the transformation of the overseas expansion model. With changes in the cost advantages of complete vehicle exports and increasing trade barriers in markets such as Europe and the US, the model of relying solely on domestic production and complete vehicle exports will face more challenges. Automakers need to further promote overseas factory construction, local procurement, and supply chain layout. For example, BYD's Thailand factory has achieved localized production and is gradually expanding overseas markets; Chery is also continuously expanding its overseas manufacturing network. In the future, the competition of Chinese automakers will no longer be limited to complete vehicle exports, but will gradually extend to overseas R&D, manufacturing, supply chains, and brand operations. Enterprises that truly possess global operational capabilities are more likely to establish advantages in the new round of industry competition.

△ Chinese automakers are setting up factories overseas on a large scale to avoid trade barriers

Small and medium-sized automotive exporters urgently need to transform

Compared to large automakers, the impact of this rebate rate reduction on domestic small and medium-sized automotive exporters may be more direct. Especially for companies whose main business is complete vehicle trade, agency export, and parallel export, profit margins are generally low, lacking brand premium and supply chain cost control capabilities. The reduction of the rebate rate from 13% to 9% will further compress their profit margins. If they cannot pass on the costs to overseas customers, some enterprises may even face a situation where order profits shrink significantly and no profit can be made.

△ The impact of this rebate rate reduction on domestic small and medium-sized automotive exporters may be more direct

Funds turnover pressure will also increase further. Some small and medium-sized exporters rely on the fund circulation between procurement, export tax rebates, and overseas payments to conduct business. If long-term export contracts were previously signed according to the original rebate rate, they may face issues such as difficulties in adjusting prices in the short term and actual profits falling short of expectations. In contrast, large automakers, relying on scale procurement, brand premiums, and mature overseas channels, possess stronger cost digestion capabilities and risk resistance.

From a long-term perspective, policy adjustments may drive automotive export resources to concentrate on scaled and standardized enterprises. The traditional trade model that relied on information gaps, low-price procurement, and tax rebate returns to obtain profits will become increasingly difficult to sustain. Small and medium-sized exporters need to gradually get rid of simple vehicle buying and selling and extend to high-value-added businesses such as overseas channel operations, after-sales services, logistics, and local resource integration to find new profit growth points.

Commentary

The reduction of export tax rebates is a cost pressure in the short term, but a test of the competitiveness of China's automotive industry in the long term. As the new energy vehicle industry gradually matures, the model of expanding exports solely relying on policy preferential treatment and price advantages is difficult to sustain. For leading automakers, the real challenge lies in how to enhance brand premiums and optimize overseas operating efficiency; for small and medium-sized exporters, they need to re-look for business models and profit margins. Chinese automotive exports are also entering a new stage: competition is no longer just about who exports more or at a lower price, but about who can truly take root in overseas markets and establish long-term, sustainable global operational capabilities.

(This article is original to "He Yan Car Review", unauthorized copying is prohibited)

[First Commercial Vehicle Network Original]

Currently, as the new energy transformation of commercial vehicles enters the deep water zone, the dividends of policy-driven growth are gradually fading, and market-driven characteristics are becoming increasingly obvious. Facing the terminal users' extreme pursuit of cost reduction and efficiency enhancement, as well as complex and changeable operation scenarios, as a leader who once dominated the traditional internal combustion engine field, how did Yuchai cope with this profound revolution sweeping the industry?

At the recently opened 2026 Green Digital Intelligent Transportation Expo (Nanjing), Yuchai gave its own answer. This time, with the theme "Green Innovation Development, Digital Intelligence Leading the Future", Yuchai displayed 7 key products covering fuel, gas, extended range and other technology routes to the industry, showing its full-scenario power solutions based on the present and embracing the future.

Electricity is not a panacea; Yuchai moves on multiple tracks simultaneously

In the bus field, the penetration speed of new energy is staggering. According to data from the China Association of Automobile Manufacturers, the new energy penetration rate of buses reached 33.9% in the first half of this year. In some sub-markets, the penetration rate of electric products even exceeded 50%. Facing this "rapid development" wave of pure electricity, Cai Zhi, Deputy Director of Bus Power Marketing of Yuchai Commercial Vehicle Power Division, seems quite calm: "The applicable boundary of pure electric tourist buses is actually the route within 500 km one-way, or the line where there are charging conditions in the scenic area. Beyond this range or in charging blank areas, the advantages of fuel vehicles in availability and convenience are irreplaceable, especially in the field of 12 meters and above large buses, currently traditional power still dominates." 

Cai Zhi, Deputy Director of Bus Power Marketing of Yuchai Commercial Vehicle Power Division

Based on this clear understanding of market boundaries, Yuchai launched a combination of moves at this exhibition. Yuchai displayed a total of 4 traditional power and 3 new energy products (2 extended range, 1 pure electric). Traditional power fully covers 5-13 meter buses from 2.4L to 16L displacement; new energy covers pure electric, extended range and hydrogen energy. This strategy of "traditional and new energy moving on multiple tracks simultaneously" not only shows Yuchai's precise control of diversified market needs, but also reflects its calmness and determination during the industry transformation period.

The richness of the product matrix is the cornerstone of strategy implementation, and the real market attack relies on the hard core strength of flagship products.

Directly hit pain points; three elite troops show their skills

At this Expo, the Yuchai booth was crowded with stars. From the motor and electronic control two-in-one system focusing on light truck logistics, to the YCK11 series diesel engine focusing on the tractor market, Yuchai responded to the severe challenges of different scenarios with multiple technology routes. Among them, K09L, K08N and K16N three products were particularly eye-catching.

For the 12-meter high-end tourism passenger transport market, the new generation K09L diesel engine was undoubtedly the focus of the whole Yuchai booth. For the operating costs that users value most, K09L achieved excellent performance with comprehensive fuel consumption as low as 20 liters per 100 km and 18 liters in high-speed conditions through high combustion pressure, high-efficiency turbocharger and low friction design, directly helping users save real money. Even more amazing is its "weight". As the lightest weight and smallest volume 9-liter engine in the industry, its weight reduction compared to competitors of the same displacement is 10%-20%. Coupled with a peak torque of up to 400 horsepower (standard power) and 2000 Nm, even in plateau mountainous areas with many slopes and sharp bends such as Guizhou and Northwest, it can maintain powerful power output without attenuation. Currently, the cumulative sales of this model have exceeded 1,000 units, equipped with mainstream original equipment manufacturers such as Yutong and King Long, and the longest mileage has exceeded 100,000 km.

 YCK09L Diesel Engine

In the gas and new energy transition field, the K08N 170kW extended range power system showed Yuchai's integration ingenuity. The system adopts a highly integrated design of flywheel motor and engine, and the power generation efficiency is as high as 5.2kWh/kg. Intelligent control strategy takes into account economy and comfort, and thoroughly solves the range anxiety and battery cost pressure faced by many pure electric buses. 

YCK08N 170kW Extended Range Power System

While in the large displacement long-haul trunk line logistics and bulk transportation scenarios, the YCK16LN natural gas engine shouldered the flag of green efficiency. The displacement of 15.5L can output powerful power of 590-660 horsepower. This model improves availability by 10% relying on "reverse flow" cooling technology and super material; its low-temperature anti-icing patent ensures the vehicle can start easily at minus 40 degrees; matching high compression ratio piston and Miller cycle, the whole vehicle gas consumption is greatly reduced, which can help users earn more than 20,000 RMB annually.

 YCK16LN Natural Gas Engine

“To beat iron, you need to be strong yourself”, products with full-scenario coverage ability are the foundation. However, in the current era of global competition and fierce internal competition, only by basing on domestic and looking at the world can one walk steadily and go far.

Dual-wheel drive high-endization, from product export to standard output

Facing the two major opportunities of high-endization of domestic tourism passenger transport and accelerated overseas exports, Yuchai's market strategy is clear and determined. Cai Zhi introduced that domestically, Yuchai insists on the "dual-wheel drive of high-endization and new energy". On the one hand, focus on large horsepower high-end buses, launch K09L 2.0 version and K11 2.0 version to seize the high-end tourism and official reception market; on the other hand, plan 12L gas engine (K12N) for areas with gas price advantages such as Xinjiang. In addition, for 11-12 meter long-distance or commuter buses, Yuchai is jointly developing "small engine + large motor + moderate battery" extended range products with original equipment manufacturers such as Yutong, expected to be launched in early 2027. He revealed that the future Yuchai K12 platform will also launch 450 horsepower products, matching 13.7 meter high-end large buses, expected to appear next year.

Overseas, Yuchai has taken a path of leap from "simply selling products" to "outputting technical standards". In the Middle East market, Yuchai bus power stock exceeds 30,000 units, share exceeds 70% (Saudi Arabia is close to 90%). Through localization services, deeply binding scenarios such as Hajj tourism, sitting in the first brand. In Southeast Asia, the Thailand factory has been in stable mass production, and the Vietnam factory has an annual planned capacity of 40,000 units. Cai Zhi stated that Yuchai not only carries out technology licensing output in Vietnam, Turkey and other places, but also drives the overall overseas expansion of the Guangxi parts industry chain, achieving a gorgeous turn from selling products to providing system solutions and outputting technical standards.

Conclusion

The wave of new energy is surging, but the evolution of internal combustion engines has never stopped. From the ultimate efficiency of K09L, to the breakthrough of K08N extended range, to the systematic output of the overseas market, what Yuchai showed at the 2026 Nanjing Transport Expo is the calmness and confidence of a mature power brand facing industry changes. Whether it is policy driven or market choice, Yuchai always puts the focus on "creating value for customers". On the dual-track road of parallel operation of traditional and new energy, Yuchai is injecting strong momentum for the green and efficient development of the global commercial vehicle industry with continuously iterated hard-core technology.

In the past few years, looking at Chinese automobiles going global, besides sales volume, factory building, and channels, another change is becoming increasingly obvious: Chinese new energy vehicles are starting to enter more overseas official and police vehicle systems. For automakers, this market values not just brand awareness, but also product reliability, safety, adaptability, and long-term usage costs. Nowadays, BYD vehicles are successively being added overseas, providing a more concrete observation window for the globalization of Chinese new energy vehicles.

From the perspective of overseas markets, BYD currently covers more than 120 countries and regions globally. In the first half of 2026, BYD passenger car and pickup overseas sales approached 790,000 units, an increase of 67.9% year-on-year, achieving good results in multiple markets such as the UK, Brazil, Thailand, etc. Based on this, BYD's new energy official vehicle business is also starting to move from single-point implementation to multiple countries and different usage scenarios.

Uzbekistan is a relatively representative market among them. Previously, the local new energy factory has been put into production, and presidential official vehicles also selected BYD models. Recently, President Shavkat Mirziyoyev of the Republic of Uzbekistan signed a presidential decree to award the BYD team the National Friendship Medal. For a Chinese automotive enterprise, this recognition at the official level is not just brand exposure, it also shows that BYD's long-term operation and localization layout in the local market have entered a deeper stage.

Similar situations are also appearing successively in other countries. Nearly 100 BYD pure electric official vehicles in Pakistan have completed large-scale delivery and entered into use, which is also the first large-scale procurement of new energy official vehicles locally. The Cape Verde government official fleet has fully switched to BYD models, and countries such as Hungary and Austria are also successively incorporating BYD into official vehicle systems such as diplomatic reception.

In terms of police vehicles, BYD's model coverage is also becoming increasingly rich. In September, BYD delivered a batch of Dolphin police cars to the Philippines police, followed by dozens of Destroyer 05s entering the Mexican police force. Previously, BYD also delivered models such as BYD SHARK pickups, Seal, Yuan UP, Seagull, etc. to police in multiple places in Mexico. Products of different sizes and positioning correspond to patrol, duty, and multi-scenario official needs respectively.

The significance of this change lies in the fact that official vehicles and police vehicles are not simply changing the livery of civilian models. In actual use, there are often relatively clear requirements for reliability, safety, space, passability, energy replenishment efficiency, and maintenance costs. BYD has already formed a product matrix ranging from sedans, SUVs to pickups, and therefore can cover more different types of government and police scenarios.

The domestic market is also continuing to expand. According to relevant announcements on the China Government Procurement Network, since the second half of the year, government organs in many places across the country have completed bulk procurement of BYD official vehicles. Previously in the first half of the year, BYD maintained the first place in domestic new energy official vehicle government procurement sales with a market share of over 22%. In the police field, models such as Fang Cheng Bao Titanium 7 have also completed bulk delivery in many places across the country.

If looking at domestic and overseas markets together, BYD's official vehicle business is no longer sporadic procurement of a single model or a single region, but is gradually forming a multi-level layout from domestic government procurement to overseas government reception, to police duty. Behind it relies on product matrix, core technology, and scaled service capabilities.

For a long time in the past, the global official vehicle market, especially high-spec government vehicles, was basically long occupied by traditional joint ventures and overseas brands. Now, with the acceleration of new energy transformation, Chinese brands are starting to enter more and more formal public service scenarios. BYD being successively added overseas also shows that Chinese new energy vehicles going global are further extending from the consumer market to the government and public service sectors.

From ordinary user purchases, to government agency procurement, to police system application, the overseas role of Chinese automotive brands is changing. For BYD, this road ultimately still depends on the product itself to speak, and more and more countries including Chinese new energy models into official and police systems is itself a relatively direct market recognition.

BYD's financial report data for the first half of 2026 shows that the company's overseas sales of passenger cars and pickups approached 790,000 units, surging by 67.9% year-on-year. The business footprint has expanded to over 120 countries and regions, claiming the sales crown for new energy vehicles in key markets such as the UK, Brazil, and Thailand. Relying on a strong overseas market foundation, BYD's new energy official vehicle business achieved synchronous breakthroughs domestically and overseas, charting a development path of "building benchmarks overseas and continuously expanding capacity domestically". Batch implementation of projects was achieved in multiple overseas countries, while the domestic government procurement market also firmly remained at the forefront.

Central Asian Market Receives Highest Level Recognition

Not long ago, Uzbekistan President Mirziyoyev signed a presidential decree, awarding the national-level "Medal of Friendship" to the BYD team. This supreme honor is strong proof of BYD's deep cultivation of the Central Asian market. Previously, BYD had realized the production of local new energy factories, and the Presidential Palace also selected BYD models as official vehicles. This medal award is another high-level recognition from Uzbekistan officials to BYD, and also a typical case of Chinese new energy vehicles winning the trust of overseas government markets with solid strength.

Overseas Official Vehicle Map Continues to Expand

Uzbekistan is not an isolated case; BYD's overseas official vehicle footprint continues to radiate outward. Pakistan completed the large-scale delivery of nearly 100 BYD pure electric official vehicles, which was also the first time in the country's history to purchase new energy official vehicles in bulk. Pakistan thereby became an important benchmark market for BYD's overseas police vehicle cooperation. The Cape Verde government official vehicle fleet has fully switched to BYD models; European countries such as Hungary and Austria have also included BYD cars in their official vehicle sequences for foreign affairs reception.

Police Vehicles Enter a New Stage of Scale

As an important sub-track of official vehicles, BYD's overseas implementation rhythm continues to accelerate. In September, a batch of BYD Dolphin police cars completed delivery to the Philippine police force, aiding the local official travel electrification transformation. Recently, dozens of Destroyer 05s were officially equipped to the Mexican police force. Currently, BYD has delivered multiple models including SHARK pickups, Seals, Yuan UPs, and Seagulls to police forces in multiple places in Mexico, fully meeting the needs of various duty work. The continuous landing of projects in the Philippines and Mexico means that BYD new energy police vehicles have moved from scattered demonstrations to a new stage of scaled and normalized application.

Domestic Market Firmly Stands in the First Echelon of Procurement

Turning attention back to the domestic market, BYD still firmly occupies the first echelon of new energy official vehicle procurement. According to public information on the China Government Procurement Network, in the second half of the year, government units in many places domestically completed the bulk procurement of BYD official vehicles. As early as the first half of this year, BYD secured the top spot in domestic new energy official vehicle government procurement sales with a market share of over 22%. Centralized procurement in various places in the second half of the year once again confirmed the high recognition of the government market for the brand.

In the field of police equipment, Fang Cheng Bao Titanium 7 Police Edition was put into use in batches in many places nationwide. Now BYD has built a full-category product matrix complete with sedans, SUVs, and pickups, adapting to various police work scenarios such as security patrol, traffic police law enforcement, and emergency handling, etc., helping domestic police travel complete electrification iteration and upgrading.

Once upon a time, the domestic official vehicle market was long occupied by joint venture brands; today, BYD has grown into a high-quality Chinese solution for global government electrification. The official vehicle track tests product power, safety, and brand credibility. Relying on hardcore technical strength, BYD continues to expand the global government market, showcasing the power of Chinese Smart Manufacturing to the world.

[Car Market Expert]On October 8, SAIC Motor announced production and sales data for September 2026. Reading this set of numbers together reveals a clear clue: the scale of the traditional joint venture sector is adjusting, while the three lines of new energy, independent passenger cars, and overseas bases are all moving upward simultaneously.

Group Level

Among them, two structural changes deserve separate attention:

·      The proportion of New Energy Vehicles in the Group's total sales reached approximately 55.4% — exceeding half for the first time

·      Export and overseas base sales 150,008 units, a year-on-year increase of 49.07%

September Performance by Brand

A clear distribution characteristic: Overseas bases, independent vehicles, and commercial vehicle sectors generally showed positive growth, while the joint venture sector and some emerging new force brands were in a adjustment period.

Transformation Actions of the Joint Venture Sector

SAIC Volkswagen sold 60,402 units in September, a year-on-year decrease of 35.80%. Compared to this single-month figure, what is more worth noting are its actions in product and market this year:

Product Level — ID. ERA Series is Spreading

·      ID. ERA 5S (Sedan): Officially positioned as a pure electric sedan, equipped with Xingyun Intelligent Driving Advanced Assistance

·      ID. ERA 5X (Compact SUV): Positioned as "Super Energy Pure Electric SUV", also equipped with Xingyun Intelligent Driving System

·      ID. ERA 8X: A new member in the series, experience available

Market Level — Exports and Overseas Layout Advanced Simultaneously

·      SAIC Volkswagen models enter North American Market for the first time: New Lavida L sets sail for Mexico

·      Spain planning to approve SAIC Motor's factory construction project

Overseas Base Level — Multiple Markets Show Simultaneous Growth

My Perspective: Reading "−35.8%" within the Complete Data Reveals Another Story

Core Judgment: Looking at "SAIC Volkswagen −35.8%" alone easily suggests a decline story; but placing it into SAIC Motor's complete September data presents another picture — the scale of the joint venture sector is adjusting, while the three lines of new energy, independent passenger cars, and exports move upward simultaneously at the same time. This is a cross-section in structural transition.

First, the New Energy share exceeded half for the first time, a reading of great indicator significance at the Group level. 224,973 units of New Energy, accounting for approximately 55.4% of the Group's total sales — for a large automotive group traditionally based on joint venture fuel vehicles, this ratio itself is a quantitative expression of transformation progress. It shows that SAIC's growth momentum has completed the main switch: the New Energy sector is not only the source of incremental growth but also the main composition of sales.

Second, "Joint Venture Sector Adjustment" and "Exports +49.07%" should be understood on the same timeline. Export and overseas base sales 150,008 units, a year-on-year increase of 49.07%, among which Thailand +56.03%, Indonesia +50.54%, India +19.15% — Overseas bases showed comprehensive positive growth. This indicates that capacity and resources at the Group level are undergoing re-allocation: the traditional capacity structure facing the domestic joint venture market is contracting, while the capacity and channels facing overseas markets and independent brands are expanding. The two directions are the two ends of the same adjustment.

Third, actions by the joint venture company itself point to a clear transformation path. The product line changes at SAIC Volkswagen this year are quite illustrative: The ID. ERA Series (5S / 5X / 8X) is gradually spreading, and all are equipped with Xingyun Intelligent Driving Advanced Assistance — this means the joint venture brand is beginning to establish its own technical identity in intelligence, a link previously highly dependent on external supply. Simultaneously on the market side, SAIC Volkswagen models entered the North American market for the first time (Lavida L sets sail for Mexico), and the SAIC Motor factory construction project in Spain was approved, indicating the adjustment of the joint venture sector is not passive contraction, but re-allocation of products and markets.

Therefore, SAIC Volkswagen's September −35.8% is more like a structural number during a transformation period, rather than a final judgment on the joint venture model. For a large-scale joint venture company with a product structure undergoing replacement, the fluctuation magnitude of single-month sales will be amplified by the product cycle; what truly determines the next stage is whether the new product sequence can pick up the sales, and whether the overseas market can continue to contribute incremental growth.

Two observable directions: ① The actual delivery ramp-up of the ID. ERA Series — this is the direct reading of whether the joint venture sector's new products can absorb sales; ② Whether the New Energy share can continue to rise from the 55.4% basis — every percentage point this ratio increases means the Group's revenue and profit structure transfers further towards new momentum.

Summary

On October 8, SAIC Motor announced production and sales data for September 2026: Total vehicle sales were 406,051 units, New Energy vehicle sales 224,973 units, a year-on-year increase of 18.72%, accounting for approximately 55.4% of total sales; Export and overseas base sales 150,008 units, a year-on-year increase of 49.07%. Among brands, SAIC Motor Passenger Car 107,303 units (+14.51%), SAIC Maxus 31,699 units (+52.28%), MG India 7,959 units (+19.15%), SAIC United Overseas 2,690 units (+56.03%), Wuling Indonesia 2,231 units (+50.54%) showed positive growth; SAIC Volkswagen 60,402 units (−35.80%), SAIC GM 40,009 units (−19.14%) were in adjustment. Regarding the joint venture sector, the SAIC Volkswagen ID. ERA Series (5S / 5X / 8X) landed sequentially and equipped with Xingyun Intelligent Driving Advanced Assistance, models entered the North American market for the first time (Lavida L sets sail for Mexico), and SAIC Motor's Spain factory construction project was approved.

One point worth remembering is: Taking SAIC Volkswagen's −35.8% out alone is a declining number; placing it within the Group's complete data, it is a cross-section in structural switch — New Energy already accounts for over half, exports grew 49%, overseas bases rose comprehensively, all of which happened in the same month.

September 28, the mass production ceremony of Deepal Auto's 1 millionth vehicle and the launch conference for the all-new Deepal S07 AI LiDAR Edition were officially held. From the official brand launch in 2022 to achieving mass production of the 1 millionth vehicle, Deepal Auto took only 49 months, achieving the "Deepal Speed" in the new energy sector.

As a heavyweight work for the brand's million-unit milestone, the all-new Deepal S07 AI LiDAR Edition officially launched, continuing to practice the "Electric Equity + Intelligent Equity" strategy, bringing users a breakthrough intelligent electric mobility experience. The new car offers four models: 725 Zhizhen AI LiDAR Edition, 725 Zhixing AI LiDAR Edition, 600 Zhizhen AI LiDAR Edition, 600 Zhixing AI LiDAR Edition. Official guide price 155,900 Yuan - 175,900 Yuan, limited-time rights price 149,900 Yuan - 169,900 Yuan. Placing an order immediately enjoys up to ten super value purchase rights worth 57,860 Yuan. The all-new Deepal S07 brings AI LiDAR to the 150,000 Yuan level, accelerating the popularization of high-level intelligent assistive driving.

In the context where the industry generally believes the new energy market has entered stock competition and growth is slowing, Deepal's counter-trend high growth is not accidental. Its core logic is to use "Tech Equity" as an anchor, transforming high-end technology from premium labels to mass inclusion, and using underlying technology breakthroughs to solve user mobility pain points. The S07 AI LiDAR Edition launched at this million-unit milestone is another concentrated landing of this strategy, and will also promote the value reconstruction of the 150,000 Yuan Pure Electric SUV market .

Four years to cross the million-unit level, the global market builds the "Deepal Speed "

Looking back at the brand's development history, Deepal's growth pace continued to accelerate: 14 months to achieve the first 100,000 units sales, 29 months to achieve 400,000th vehicle production, 39 months to break 700,000 units sales, continuously refreshing its own development records. Among them, the overseas market growth momentum was particularly strong, with overseas cumulative sales in January-August 2026 surging 76.98% year-on-year. As a pioneer of Changan Auto's "All-Inclusive" Plan, Deepal Auto has laid out five global regions, covering over 100 countries and regions. The global map is still expanding in an orderly manner, forming a strong momentum of dual-market synergistic effort and double-sided growth .

Deepal Auto Chairman Deng Chenghao stated on site that reaching the million-unit milestone, Deepal has walked a very difficult and very worth-recalling entrepreneurial journey, behind which is the recognition of global users for the Deepal brand, products, technology, and service. He shared two keywords: one is speed, every sales leap is promoting the Deepal brand to a new level; the second is thanks, thanks to global 1 million users' choice and trust, it is everyone's feedback and suggestions again and again that helped Deepal continue to grow and improve.

49 months to one million units, what position does it occupy in the industry coordinate system? According to the time used by each from the first car delivery to cumulative 800,000 units: Xiaomi 29 months, AITO 42 months, Deepal 43 months, Li Auto 54 months, XPeng 79 months, NIO 86 months — Deepal is at the forefront of the second echelon, faster than the vast majority of same-period starting peers. But a more alarming difference in wording lies in: cumulative million is a milestone, annual sales million is the survival line. Li Auto took 58 months to complete the first cumulative million, Leapmotor took only 12 months to go from 500,000 units to 1 million units, the industry's collective anxiety on "annual sales million" stems from this — brands with annual sales of 300,000 units and 1 million units have a magnitude difference in R&D amortization, procurement bargaining and manufacturing fixed cost sharing. Deepal's global cumulative sales from January to August this year are 222,028 units, there is still a significant gap from that line .

The backdrop of million sales is the trust of million users. In daily services, Deepal Auto uses "Five Commitments" and "Four Upgrades" as a benchmark, guarding every user's travel experience for a long time, and through global creator recruitment, five official complaint channels, free return shipping during holidays, Deepal Breakthrough Award, Tianshu Pilot Peace of Mind Package and other exclusive services, continuously digging deep into user reputation. Currently, Deepal Auto's global active recommendation users have exceeded 400,000, forming a positive cycle of "users define products, products win users".

Starting from this, Deepal Auto also launched the "One Million Together, Guarding Deepal" Marine Public Welfare Action, partnering with marine protection organization "Deep Blue" to carry out ecological protection, extending the concept of green travel to a wider field .

Overseas Jan-Aug year-on-year surge 76.98%, this number needs to be read in a larger industry context: China's automobile export in January-May 2026 was 4.059 million units, year-on-year growth 63%, domestic retail in the same period declined 19.5%, industry profit margin was pressed to about 3.4% — going overseas has changed from "incremental option" to a must-answer question to hedge domestic price war. And the way of answering is changing: EU's comprehensive tax rate on Chinese EVs is about 27.4%, Thailand requires 2 vehicles to be produced locally for every 1 imported in 2026, rising to 1:3 in 2027. Deepal layouts five global regions, landing Rayong Factory in Thailand, is exactly at the switch point from "whole vehicle export" to "localization production". The front load cost of this road is a double test of capital expenditure and local operating ability, but the returns are equally direct: production within the target market, tariffs go to zero, per vehicle profit improvement space can reach 15% to 2 0%.

Anchor Tech Equity Two-Dimensional Technology Builds Long-Term Competitiveness

Deepal Auto can quickly reach the million milestone, the core lies in the brand anchoring the "Tech Equity" original mission from the very beginning. Deng Chenghao revealed on site that as early as 2017 when Changan launched the "Shangri-La" Plan, the Deepal team had already established the goal of "Tech Equity, Inclusive to the Masses", and concretely set down two core directions of Electric Equity and Intelligent Equity, solving user mobility pain points with underlying technology breakthroughs, letting high-end technology truly land from strategic commitments to real experiences inclusive to the masses. Relying on self-developed core technology systems, Deepal Auto continues to break through in electrification and intelligence, with multiple results winning National and Industry Level Authority Honors .

"Equity" sounds like a value proposition, but when implemented it is a cost arithmetic problem. 1 million units brought not only scale markings, but also procurement bargaining power, R&D expense thinning space and manufacturing fixed cost sharing remainder — this is exactly the premise for 6C Super Charging, LiDAR and Urban Pilot to enter the 150,000 Yuan level. In other words, it is not the enterprise choosing to "earn less" at a low price, but that scale makes the low price "affordable". This is also the reason why million units is so critical for a new energy brand: it determines how much configuration a company can squeeze into how low a price .

In the electric equity dimension, Deepal Auto directly hits user "charging too slow waiting long, cold weather battery loss range loss, battery safety hazard stay, life decay value worry" four core pain points, building a full-dimension technology solution. Energy supply end builds "Extended Range + Pure Electric Super Charging" dual line technology routes, Super Extended Range technology breaks through industry bottlenecks first, supporting brand rapid scale; Charging rate from 1.2C gradually upgraded to 6C, achieving charging 1 minute range increase 40 km, gradually approaching oil-electric same speed experience, relevant technology results won 2026 China Mechanical Industry Science and Technology Progress First Prize, China Intellectual Property Invention Patent Gold Award. Safety and Life end uses Bell Jar Battery System to achieve million vehicles zero overheating, 600,000 km decay no obvious perception, twice won National Science and Technology Progress Award Second Prize, establishing "Oil-Electric Same Life, Safety Equity" industry new Benchmark.

Energy supply end persists "Extended Range + Pure Electric Super Charging" dual lines parallel, itself is a route hedge. In the past few years, Extended Range quickly gained scale relying on no recharging anxiety, supporting multiple brands including Deepal's early scale; but with 800V platform and 6C Super Charging downgraded to 150,000 Yuan level, Pure Electric's supply short board is being rapidly filled, Extended Range's window period starts to narrow. The significance of dual line layout lies in not betting on a single route — no matter how recharging infrastructure deployment speed and battery cost evolves, product end has receiving plan.

In the intelligent equity dimension, Deepal Auto persists "Technology Upwards Explore, Experience Downwards Place" logic. Technology end breaks through L3 level autonomous driving technology first, wins domestic first L3 autonomous driving formal dedicated plate, pushing industry regulation and safety standard system establishment; User end continuously pushes high-level intelligent assist driving down to popularize, from all-series standard lane keeping to highway pilot function full coverage, then to LiDAR and Urban Pilot functions downgraded to mainstream price segments, letting high-end intelligence no longer be luxury Brand exclusive.

All-new Deepal S07 AI LiDAR Edition Million Milestone Tech nology Inclusion Sample

Focusing on Intelligent Driving, Cabin Interaction, Powertrain Technology three core dimensions, the all-new Deepal S07 AI LiDAR Edition reshapes 150,000 Yuan level long-range AI LiDAR Intelligent SUV value benchmark, also letting "Electric Equity + Intelligent Equity" at 150,000 Yuan level has concrete landing point.

All-new Deepal S07 AI LiDAR Edition carries AI LiDAR Intelligent Assist Driving System, adopts one-piece end-to-end algorithm and World Behavior Model, cloud computing power, training mileage and algorithm iteration frequency are all in industry first echelon; cooperating with 27 sensors including 1 top-mounted LiDAR to build full-dimension environment perception, full-dimension anti-collision system integrates 24 items active safety functions, covering Urban Pilot, Highway Pilot, All-Scenario Parking all usage scenarios, letting every travel are confident and strong.

Cabin level, new car carries industry first batch open-domain end-to-end Doubao Large Model, has open-domain end-to-end + Claw architecture, subverting traditional command interaction, realizing one sentence command to the bottom, big and small matters easily done, supporting fuzzy semantic commands, building personal exclusive scenarios, outside-vehicle voice etc.

Powertrain level, Deepal Yuanli Electric Advanced, with 6C Super Charging, 725km Super Long Pure Electric Range, 800V High Voltage Super Charging Platform, 9 minutes energy supply near 400km, bringing "6789, Want to Go Just Go" high efficient travel experience.

In addition, new car also continues symbiotic aesthetics design and breakthrough space configuration, all-series standard FSD+HRS High-Level Variable Adaptive Suspension, realizing appearance, comfort and handling's comprehensive advancement.

Sports Driving Fun Advances Again, Deepal L06 Chasing Wind Edition Launching Soon

At the press conference scene, Deepal Auto also simultaneously previewed Deepal L06 Chasing Wind Edition launching in October. New car adopts track-style aerodynamics design, equipped with fixed real-Carbon Fiber large wing, whole vehicle max can produce 1000N downforce, cornering more smooth, highway more stable; simultaneously carrying advanced AI cabin, partnering Intel launching Car AI BOX, using advanced edge-side large model and PC-level strong computing power realizing active service, cooperating with All-round AI Agent, maximally responding user commands, truly realizing The more you use, the more it understands you.

Summary: From the million-unit mass production milestone crossing, to core technology's continuous inclusion, Deepal Auto is redefining the value logic of new energy vehicles: The ultimate meaning of technology is not stacking high price thresholds, but illuminating more people's travel. Million is not the end, but the starting point of the next faster million. But the exam question in front of Deepal is equally clear — when industry profit margin is pressed to about 3.4%, scale itself does not automatically equal profit. From million units walking to next million units, the contest will no longer be speed, but three things: Ability to press technology costs into lower price bands, Efficiency of establishing localized capacity and profit models in overseas markets, and Determination of holding cash flow in price wars. China New Energy Vehicles has completed scale leadership, the next journey's keyword is value.

September 21, the 'Lantu Intelligent & Prestige Tour' themed event officially kicked off in Wuhan. Overseas media representatives from Southeast Asian countries including Singapore, Thailand, Malaysia, Indonesia, and others gathered at the venue, entered the Lantu production base, personally experienced high-end new energy models such as the Lantu Dreamer 9, and closely felt the hardcore strength of Chinese intelligent manufacturing and the new layout of Lantu's global development.

During the event, the overseas media tour group visited the Lantu Golden Factory, immersively experiencing the intelligent flexible manufacturing system. Inside the final assembly workshop, automated material conveying equipment and AGV robots operated in an orderly manner. Digital screens presented the full-process digital archives of every vehicle from component assembly to finished product delivery in real time. The vehicle's exclusive 'digital ID card' enabled full-link traceability of production, causing overseas media to repeatedly praise the development speed of China's automotive industry.

Empowered by technologies such as 5G, Big Data, and AI, the Lantu Golden Factory can achieve mixed-flow customized production of multiple models including sedans, MPVs, and SUVs. Currently, the Golden Factory and Yunfeng Factory collaborate on dual lines, with a total annual production capacity reaching 450,000 vehicles. On average, a whole vehicle can be completed and delivered every 40 seconds. Powerful manufacturing capabilities have built a solid foundation for Lantu products to go global. In the Golden Kou Factory Full-Function User Center with an area exceeding 30,000 square meters, the media delegation also experienced Lantu's direct sales service system covering the entire lifecycle of car selection, purchasing, maintenance, and recharging. Overseas media showed strong interest in this complete user operation model and look forward to the service model landing in the Southeast Asian market.

As a core highlight of this event, the Lantu Dreamer 9, which will be launched globally on September 22, has attracted much attention from overseas media. This new era flagship MPV blends Eastern aesthetics with cutting-edge intelligent technology. Within 48 hours of the pre-sale opening, small order bookings exceeded 30,000 units. The top-spec Prestige Edition accounted for more than 50%. Existing Lantu user upgrade and swap orders exceeded 20,000 units. It received a warm market response before the official launch. Overseas media sat in the Dreamer 9 cabin, personally experiencing the 'One Cabin Eight Scenarios' space design. The second-row zero-gravity seats support 180-degree multi-angle rotation, easily switching between business office, rest and relaxation, and travel scenarios. The luxury cabin experience received widespread praise. The visiting group also test drove Lantu Zhuiguang S, Lantu Taishan X8, and other models to fully understand Lantu's 'SUV+MPV+Sedan' complete product matrix.

Adhering to full-stack self-research of core technologies such as the 'Three-Electric' systems, intelligent cockpits, and intelligent driving, Lantu has built independent and controllable capabilities across the entire value chain. The brand's user scale has surpassed 400,000. Facing the global market, Lantu's globalization strategy continues to accelerate. It has now entered 40 countries and regions globally, with overseas sales outlets exceeding 240. Implementing the three major directions of 'deeply cultivating Europe, deploying in the Middle East, and entering right-hand drive markets', right-hand drive vehicle preparation work is progressing in an orderly manner, continuously expanding the overseas footprint.

This trip by overseas media to Wuhan was both a field test of Lantu's product strength and intelligent manufacturing capability, and also a vivid microcosm of China's automotive industry moving from product output to value output. Relying on self-researched technology, an advanced manufacturing system, and a high-standard service system, Chinese new energy vehicle brands represented by Lantu, carrying a new expression of Chinese luxury automobiles, are establishing a new benchmark for Chinese intelligent manufacturing in the global automotive market.

On September 17, the 23rd China-ASEAN Expo opened at the Nanning International Convention and Exhibition Center. Dongfeng Liuzhou Motor adopted the stance of China's "Smart Manufacturing National Team", showcasing its full new energy product lineup under the two major brands, Chenglong and Fengxing, at the Intelligent Equipment Exhibition Area, Booth D01002, concentrating on demonstrating the latest results of the enterprise in new energyization, intelligence, and deep cultivation in the ASEAN market.

As a full vehicle enterprise balancing commercial and passenger vehicles, Dongfeng Liuzhou Motor is accelerating the transformation from "trade-oriented exports" to a "deep localization" overseas expansion model. The "Chengfeng Dual-Engine Plan" released by the enterprise in 2025 clarified the goal of achieving "recreating a Liuzhou Motor overseas" by 2030. Dongfeng Liuzhou Motor is taking the ASEAN market as the core breakthrough point, coordinating efforts between the commercial vehicle and passenger vehicle brands, and building an integrated overseas expansion pattern covering manufacturing, supply chain, finance, and talent.

Passenger Vehicle Dongfeng Fengxing: Defining Leadership with Category Innovation and Intelligent Driving Popularization

At this Expo, Dongfeng Fengxing Xinghai V9 (Camping Edition) and Xinghai V6 made a joint appearance.

Xinghai V9 Camping Edition

It is the market's first factory-integrated compliant roof-lifting camping MPV. With the identity of the "Creator of Factory Roof-lifting Camping MPV", it redefines the "one car, two states" travel method. The vehicle is built on a mid-to-large MPV platform, with body dimensions 5248×1920×1950mm and a wheelbase reaching 3018mm. In the retracted roof state, the vehicle height is only 1.95m, allowing normal entry and exit from underground garages and standard parking spaces. After parking and lifting the roof, the interior net height rises to 2.2 meters, with an independent sleeping cabin on top and a multi-functional cabin below, cooperating with 6KW high-power external power discharge and 220V built-in power source, integrating MPV daily commuting and weekend travel functions. The vehicle is equipped with a 1.5T Mach Electric Hybrid System, with CLTC pure electric range of 200km and comprehensive range up to 1300km. The official guide price starts at 258,800 Yuan, breaking the price barrier of high-end travel vehicles with an affordable pricing strategy.

Xinghai V6

It is the first mass-produced model resulting from the cooperation between Dongfeng Fengxing and Huawei Qiankun, entering the home market with the posture of an "Intelligent Driving Popularizer". This car is the only model in the 100,000 RMB class equipped with Huawei Qiankun Intelligent Driving ADS 5 SE. The pre-sale price starts at 104,900 Yuan. It adopts a perception scheme with 10 cameras, 12 ultrasonic radars, and 3 millimeter-wave radars. It supports Highway Pilot Assist NCA, Urban Lane Cruise Assist LCC+, and parking assist covering 160+ complex scenarios along with CAS 5.0 all-dimensional active safety functions. The appearance of the Right-Hand Drive version marks that Dongfeng Fengxing, with the endorsement of "Central Enterprise Manufacturing", officially brings the products highly praised by domestic users from the domestic market to the vast ASEAN family vehicle market.

Commercial Vehicle Chenglong: Achieving Leadership with Market Share and Technical Benchmarks

At this Expo, the Chenglong H7 Hydrogen Fuel Tractor, Chenglong Wingwei 5 Super Energy Edition Pure Electric Tractor, and Chenglong Wingwei 2 Intelligent Driving Pure Electric Light Truck, three full new energy products made a centralized appearance, interpreting Dongfeng Liuzhou Motor's leading position in various sub-markets with hardcore data.

Chenglong H7 Hydrogen Fuel Tractor

It became the exhibition stand focus with the identity of "Industry No.1 in Hydrogen Heavy Truck Market Share". In 2025, the delivery volume of this model broke through 1,800 units, with market share firmly holding the No.1 spot in the industry. The Chenglong H7 PRO Hydrogen Glory Edition is equipped with the industry's first launch of a 400kW long-life high-efficiency hydrogen stack. The comprehensive hydrogen consumption per 100km is as low as 7 kg. It is equipped with a 70MPa high-pressure hydrogen storage system, with a maximum hydrogen storage capacity of 125 kg, and a comprehensive driving range breaking through 1,500 km, thoroughly solving the industry pain points of short new energy commercial vehicle range and frequent refueling.

Chenglong Wingwei 5 Super Energy Edition Pure Electric Tractor

It made its appearance with the positioning of "Lightweight Benchmark for Pure Electric Heavy Trucks". Through topological optimization and modular design, the vehicle's own weight is as low as 8.8 tons, 0.5 tons lighter than similar competitors. Calculated by annual operation mileage, it can generate an additional revenue of about 30,000 Yuan for users annually. Relying on the Longxi Intelligent Thermal Management System to achieve deep collaboration of the "Three Electrics", the comprehensive electricity consumption is as low as 1.1 kWh/km, thoroughly breaking the industry curse that "High Power Must Mean High Energy Consumption".

Chenglong Wingwei 2 Intelligent Driving Pure Electric Light Truck

It sets a new standard for urban distribution intelligent driving with the "Ceiling of Light Truck Intelligent Driving Perception Hardware". The vehicle is equipped with a leading perception hardware matrix in the light truck field, including 5 LiDARs, 7 millimeter-wave radars, and 12 cameras, achieving 360° all-domain environmental perception. Cooperating with NVIDIA automotive-grade chips, the total computing power reaches 508 TOPS. Its intelligent driving system inherits Dongfeng Liuzhou Motor heavy truck autonomous driving technology, has been verified by a large number of miles in trunk logistics, and is more mature in adaptation to heavy load conditions and complex road environments, truly realizing "Heavy Truck-level Technology Defines Light Truck Intelligent Driving Standards".

Deep Cultivation in ASEAN: Leadership is Not a Slogan, It's Market Share

Since the first batch of trucks were exported to Vietnam in 1992, Dongfeng Liuzhou Motor has been deeply cultivating the ASEAN market for more than 30 years. Currently, the Chenglong brand has covered 8 ASEAN countries including Vietnam, Laos, and Thailand, comprehensively adapting to left- and right-hand drive market needs. In Vietnam, the Chenglong brand's overall market share exceeds 35%, with the medium truck sub-field market share as high as 55%; in Laos, medium truck products have long held the top position in the market. In 2025, the sales volume of the Chenglong brand in the ASEAN market reached 11,057 vehicles, ranking 2nd in sales of Chinese brand medium and heavy trucks. During this Expo, Dongfeng Liuzhou Motor will also sign a strategic cooperation agreement with Vietnamese partners, planning to jointly invest in and build a Commercial Vehicle KD Factory. This is the first KD factory for the Chenglong brand in ASEAN following Fengxing brand KD factories in Cambodia, Myanmar, etc., marking that the economic and trade cooperation between the two sides has moved from simple buying and selling relationships to deeper industrial collaboration.

In the ASEAN market, Dongfeng Liuzhou Motor is accelerating the construction of a sales and service network covering the entire territory to guarantee user experience. In Vietnam, Dongfeng Liuzhou Motor already owns 30 direct-operated standard sales and service integrated stores, with the network covering the entire territory of Vietnam, and realizing the service commitment of "24 hour parts and service personnel on-site, 48-hour repair completion". In Thailand, over the next 3 years, Dongfeng Liuzhou Motor will build at least 100 new sales and service networks covering the entire territory of Thailand with partners, raising the timely response rate of service demand to 100%. Dongfeng Liuzhou Motor will co-build an intelligent manufacturing factory with partners in Thailand, carrying out in-depth cooperation in fields such as localized manufacturing and supply chain co-construction, promoting the deep transformation of going out from "product output" to "ecological co-construction". Regarding the "Three Electrics" systems, Dongfeng Liuzhou Motor provides industry-leading warranty policies for ASEAN market users, covering the full lifecycle guarantee of power batteries, drive motors, and electronic control systems, allowing users to buy with peace of mind and use with reassurance.

In addition to the above main models, Dongfeng Liuzhou Motor also exhibited two cutting-edge products: the Chenglong Kunpeng Flying Car and Chenglong Chitu RoboVAN Unmanned Logistics Vehicle, targeting low-altitude transport and urban unmanned delivery scenarios respectively. The appearance of these two products conveys that what Dongfeng Liuzhou Motor exhibits is not just products, but a full-scenario blueprint covering family travel, urban logistics, low-altitude transport, and overseas manufacturing.

The 23rd Expo with the theme of "Sharing 3.0 Opportunities, Creating a Better Life Together" had a total exhibition area of 170,000 square meters, with about 3,300 enterprises participating. Dongfeng Liuzhou Motor's three-dimensional presentation at this Expo is both a concentrated test of the "Commercial and Passenger Dual-Engine, Decisive Victory in ASEAN" strategy and a key step from "Product Going Out" to "System Output". As Xie Jiasheng, Vice General Manager of Dongfeng Liuzhou Motor Import and Export Company, stated, Dongfeng Liuzhou Motor is promoting a deep transformation from "We Go Out" to "We Are Local Enterprises" with the localization concept of "Building Cars for Every Piece of Land".

The domestic new energy passenger car market structure is stabilizing, with multiple independent automakers continuing to expand their overseas market layout. July China new energy passenger car export destination data objectively presents the current overseas layout status of domestic new energy vehicles. The top ten export destinations this time cover five major regions: Europe, Oceania, Southeast Asia, East Asia, and Latin America, showing obvious characteristics of a diversified market layout.

Europe occupies an important position in exports

From export data, the UK is the top destination for China's new energy passenger car exports in July, with monthly exports reaching 51,300 vehicles, representing a significant overseas market scale. The UK continues to promote the replacement of fuel vehicles, with steady release of demand for new energy passenger cars. Local consumer groups are gradually increasing their acceptance of pure electric and plug-in hybrid vehicle models.

Exports to the UK primarily consist of home-use pure electric SUVs and mid-size new energy sedans. Domestic common models such as the BYD Dolphin and Yuan Plus enter local channels, supplementing the mid-range new energy passenger car market supply. Compared to domestic European automaker products, domestic models differ in cockpit configuration and basic function layout, adaptable to the regular vehicle needs of ordinary families.

Belgium ranks second on the list with an export volume of 48,600 vehicles, with a relatively small sales gap compared to the UK. Affected by geographic location, the Port of Antwerp in Belgium is a major automotive transit hub in Europe. Domestic new energy vehicles arriving there are partially used for local terminal sales, while the rest are diverted to neighboring EU countries. This is the main reason for the relatively large volume of imported Chinese new energy vehicles in the country.

Models exported to the European region are mainly long-range pure electric passenger cars, suitable for long-distance travel across cities and regions in Europe. This includes many XPeng pure electric sedans and SUVs with moderate domestic retention. Currently, many European countries have implemented new energy transformation-related policies, providing a basic market environment for imported new energy models. Dynamic adjustments to regional trade rules and carbon emission standards will increase the overseas operating costs of domestic automakers, and long-term expansion of the European market involves certain uncertainties. Apart from the UK and Belgium, Spain and Italy also make the top ten export list. Europe remains the core region for domestic new energy passenger cars going global.

Oceania market expands steadily

Australia ranks third on the list, importing 39,700 Chinese new energy passenger vehicles in July. Australia's traditional automotive market has long been dominated by large-displacement fuel SUVs, with new energy model penetration rates generally lower than in Europe. In recent years, local consumption structure has gradually adjusted, and new energy model market capacity has increased.

Domestic models exported to Australia are concentrated in large-space pure electric SUVs. Models on sale such as the BYD Tang and Haval Xilong have batched into the local market, fitting local consumer preferences for large-size vehicles. Vehicle range parameters can meet the needs of long-distance travel between Australian cities, and the overall export scale maintains steady growth. Compared to the European market, Australia's vehicle import access rules are relatively relaxed, belonging to an overseas market with growth potential.

Currently, multiple domestic automakers have included Australia in their overseas layout scope, continuously investing in models on sale. As the local market's understanding of new energy models gradually improves, the subsequent capacity changes in this market have continuous observation value.

The Southeast Asia region showed stable growth in this export list. The Philippines, Thailand, and Indonesia all made the top ten exports. Among them, the Philippines imported 36,400 units in July, ranking fourth. Sales volume was higher than Thailand and Indonesia.

Southeast Asia has a huge population base, and the automotive consumption market is in a growth phase. Local fuel vehicle usage costs are relatively high, while new energy passenger cars have certain advantages in usage costs. The Philippines focuses on short-distance urban commuting. Imported models are mainly small and medium-sized pure electric sedans and small SUVs. Models like the BYD Seagull fit the local mainstream travel needs.

Thailand, as an automotive industry gathering place in Southeast Asia, imported 27,200 Chinese new energy passenger vehicles in July. Local authorities continuously issued new energy industry support policies to promote electrification. Multiple domestic automakers have established local production systems in Thailand, reducing tariff costs and expanding the Southeast Asia market through local production and sales models. Released models cover mainstream categories on sale such as MG and Neta brand home sedans and mid-size SUVs.

Indonesia imported 15,400 units in July. The country has abundant upstream resources for power batteries. The local government relies on the new energy vehicle industry to improve the local industrial chain, attracting overseas automakers to invest locally. As local charging infrastructure continues to improve, the Indonesian new energy vehicle consumption market has expansion potential. The hot and rainy climate characteristics of Southeast Asia place higher requirements on vehicle battery protection and body sealing processes. Overseas automakers need to complete targeted vehicle calibration to ensure stable product operation.

East Asian and Latin American markets achieve breakthroughs

South Korea ranks sixth on the list, importing 17,800 Chinese new energy passenger vehicles in July. South Korea has a complete vehicle manufacturing industry. The new energy passenger car market competition atmosphere is strong. Domestic models achieving stable batch exports reflect the phased progress of independent brands in this overseas market.

Domestic models exported to South Korea are mostly high-spec pure electric SUVs. NIO and XPeng SUV models gradually enter local channels, cutting into the local market relying on basic configurations and reasonable pricing systems. At the same time, South Korean vehicle safety standards and import certification systems are relatively strict. Market access thresholds are high, and subsequent market development involves certain difficulties.

Mexico ranks tenth on the list with an import volume of 12,100 vehicles, and is the only Latin American country in the top ten list this time. Mexico is adjacent to the North American market. The regional circulation conditions are special. In addition to local terminal consumption, imported vehicles have certain cross-regional circulation space. Models exported to Mexico are mainly compact pure electric passenger cars. Multiple domestic home-use models enter local channels, adaptable to urban commuting, suburban travel, and other diverse scenarios. The popularization progress of new energy vehicles in Latin America is relatively slow. Mexico is an important node for domestic new energy vehicles entering the Latin American continent, with the possibility of radiating surrounding areas.

Comprehensive July overall export data shows that dependence on a single market for domestic new energy passenger cars going global continues to decrease. Europe maintains a stable export volume. Southeast Asia and Oceania market sales steadily increase. East Asia and Latin American markets gradually open up. The going-global pattern of multiple regions in parallel gradually takes shape.

At the same time, vehicle usage habits and travel scenarios differ in different regions. Domestic-adapted vehicle configurations and functions cannot fully adapt to overseas market needs. Automakers need to complete localized adaptation of infotainment system languages, maps, chassis calibration, and basic driving assistance functions based on local road conditions and needs. In addition, the global trade environment has fluctuations. Some regional trade protection tendencies have risen. Tariff adjustments, trade investigations, and other factors continuously impact automaker export business. The construction cycle of overseas after-sales service systems is relatively long. Repair outlets and parts supply chain construction speeds are difficult to match sales growth speeds. Terminal service breakdowns may easily occur, affecting the market reputation of domestic cars abroad.

The journey towards globalization continues

The global automotive electrification transformation trend remains stable. Overseas traditional fuel automakers' transformation rhythm is relatively slow, leaving corresponding market space for domestic new energy automakers going global. Domestic new energy vehicles have a complete industrial chain covering batteries, motors, electronic controls, and vehicle manufacturing. Perfect industrial supporting conditions constitute the basic support for automakers' layout of overseas markets.

If automakers want to carry out overseas business stably, they need to shift from single-product output to full-dimension localized layout, perfecting the overseas R&D, production, sales, and after-sales full-chain system. Currently, multiple automakers have launched overseas factory construction. Through local production to reduce the impact of tariffs and adapt to local policies and consumer culture, it is the main direction for domestic automakers' global development.

July new energy passenger car export data shows the UK and Belgium support the core European market. Oceania and Southeast Asia sales grow steadily. Mexico becomes an important channel to enter the Latin American market. Cross-continental export sales networks are preliminarily formed.

For domestic new energy automakers, overseas markets are no longer just a supplement to the domestic market, but will form an impact on corporate long-term operations. Subsequent monthly export data, regional market sales fluctuations, overseas access rule adjustments, are all worth the industry's continuous tracking to observe the long-term trend of domestic new energy vehicle global development.

  September 1, Geely Automobile Holdings announced the latest sales data: In August, Geely Automobile continued strong growth momentum, with total sales reaching 270,194 units, achieving month-on-month and year-on-year growth for 6 consecutive months, up 8% year-on-year and up 8% month-on-month. In terms of new energy, sales in August (including Geely, Lynk & Co, Zeekr) totaled 175,877 units, up 19% year-on-year, with new energy sales accounting for 65%.

Among them, mainstream new energy brand Geely Galaxy sold 119,115 units in August (including overseas exports), up 8% year-on-year and up 10% month-on-month, selling over 100,000 units for three consecutive months, continuously consolidating its market position as one of the top three new energy vehicle brands globally. As of now, Geely Galaxy's global cumulative sales have surpassed 2.56 million units, making it the fastest new energy brand to reach this milestone.

Hit Product Matrix Goes All-Out, Breaking New Records for New Energy Brand Scale Growth

In this year's industry environment where the overall car market is under pressure, Geely Galaxy demonstrated the development resilience leading the industry. Following the leapfrog growth of surpassing 1 million cumulative sales in 27 months and reaching 2 million in 37 months, it now achieved a new sales milestone of 2.56 million in just 42 months, continuously updating the growth speed record for new energy brands.

Behind the continuous and steady growth momentum is Geely Galaxy entering a new stage of high-quality growth with collaborative development of multi-category hit product matrices. Continuously perfecting product layout, covering premium pure electric mini cars, mainstream family sedans, electric hybrid SUVs, mid-to-high-end sedans, high-performance pure electric coupes, and new energy off-road vehicles in diverse sub-markets. All models continue to sell well in their respective fields, providing support for the brand to consolidate its global sales ranking top three among new energy brands, and enabling the high-speed growth "Galaxy Speed" to steadily advance to the scaled and normalized hot-selling "Galaxy Phenomenon".

As the core hit model under Geely Galaxy, Star Wish sales in August exceeded 60,000 units for the first time in a single month, reaching 60,955 units, exceeding 50,000 units for 3 consecutive months, with cumulative sales nearing 900,000 units, with average daily sales exceeding 1,200 units. As a benchmark for pure electric mini cars, Star Wish has long topped the sales list in all categories. Relying on the "Hardcore Standards" of "Good Battery, Good Handling, Great Safety, Great Comfort", it brings high-quality, affordable products to users.

In the new energy SUV track, Geely Galaxy's multiple main models achieved breakthroughs in multiple points. Among them, Geely Galaxy Starship 7 sales in August reached 20,834 units, global monthly sales exceeded 20,000 units, sales exceeded 10,000 units for 8 consecutive months, continuously leading the A-class electric hybrid SUV market with over 10,000 strong sales; Geely Galaxy E5 sales in August reached 14,132 units, monthly sales exceeded 10,000 for three consecutive months, cumulative sales from January to August reached 75,965 units, firmly standing in the mainstream camp of A-class pure electric SUVs. Geely Galaxy M7 cumulative sales since launch reached 26,000 units, ranking top three in the A-class electric hybrid SUV market. Geely Galaxy M9 cumulative sales since launch nearly reached 70,000 units, continuously enhancing Geely Galaxy's influence in the large six-seat and C-class new energy SUV markets.

In terms of sedan market, Geely Galaxy A7 marked its first anniversary since launch, with the dual-model cumulative sales exceeding 100,000 units. With class-override space, efficient three-electric technology, and extreme energy consumption performance, it continuously consolidates its leading position in the mainstream new energy family sedan market. At the same time, Geely Galaxy A7 EV launched a major limited-time user benefit — users who place orders and take delivery between August 18 and September 30 can enjoy a limited-time benefit price starting from 99,800 RMB, further enhancing the product value and purchase attractiveness of mid-level pure electric family sedans. Geely Galaxy Star Glory 7 MAX relies on four-wheel drive technology and comprehensive product strength, cumulative sales since launch reached 22,000 units, and achieved leading performance in the four-wheel drive sedan market in the first half of the year.

High-Value Technology Continues to Land: Pure Electric 2.0 and AI New Energy Off-Road Technology Build New Product Competitiveness

Geely Galaxy is accelerating into the "Pure Electric 2.0" era. Relying on Geely Automobile Holdings' years of new energy technology accumulation and full-stack R&D capabilities, Geely Galaxy builds upon three core technologies: the new generation 16-in-1 Thunder Smart Electric Drive, God Shield Gold Brick Battery, and Qianli Haohan Assist Driving System. Supported by a charging ecology covering 100% of prefecture-level administrative units nationwide, it constructs a Pure Electric 2.0 technology system characterized by high performance, high safety, high intelligence, and high efficiency.

As the first sedan of Geely Galaxy's Pure Electric 2.0 era, Galaxy TT is built on the SEA Haohan 2.0 pure electric architecture. The entire series is standard with an 800V high-voltage fast charging platform and God Shield Gold Brick Battery, with CLTC range covering 540km to 725km. The four-wheel-drive version has a comprehensive power of 425kW, zero-to-hundred acceleration in just 3.8 seconds, and is equipped with an all-aluminum front double wishbone, rear reinforced five-link independent suspension, and Qianli Haohan Assist Driving H7 solution. In the Quanzhou coastline challenge, Galaxy TT's media test range achievement rate reached a maximum of 104.87%, with energy consumption per 100km as low as 9.1kWh. Galaxy TT opened pre-sales on August 13, with 3-day small orders exceeding 20,000 units, expected to launch globally in September.

On August 28, Geely AI New Energy Off-Road Technology was globally premiered. GTA Native New Energy Off-Road Architecture, All-Wheel Drive AI Electric Hybrid Thunder God EM-T, AI All-Terrain Digital Chassis, three globally first core technologies, were first equipped on Galaxy Warship 700. The new car is equipped with a three-motor four-wheel drive and a differential lock, with system comprehensive power reaching 830kW and thrust-to-weight ratio reaching 392Ps/T, ranking first globally for mass production. It completed challenges including fully loaded zero-speed straight pull of 3-ton load and a 6,001-meter steep slope challenge, showcasing the strength of new energy hardcore off-road with test performance. This launch marks Geely's systematic technical breakthrough in the new energy off-road field, further consolidating its leading position in technology for the era of full-scenario smart mobility.

Empowered by hardcore technology, Galaxy Warship 700 became a "new top hit" at the Chengdu Auto Show. Relying on Chinese luxury design, hardcore off-road capabilities, and intelligent technology experience, it attracted media, users, and foreign friends to visit the booth for check-ins and tasting. From the Milan Global Appreciation Week to the Chengdu Auto Show, Galaxy Warship 700 has continuously showcased the technical strength and design charm of Chinese off-road vehicles. In September, Galaxy Warship 700 will officially open global pre-sales.

From Product Export to Value Export: Globalization Becomes a New Growth Engine

Under the dual support of technological iteration and product hot sales, Geely Galaxy's globalization layout continues to accelerate, achieving a key leap from product export to value export. Overseas markets are becoming the brand's new growth engine. Relying on product exports, localized production, and the construction of a global channel system, Geely Galaxy's overseas market momentum continues to be released, highlighting international competitiveness.

Recently, Geely Star Wish (Geely EX2) topped Thailand's EV sales rankings, was number one in Jordan's pure electric models, and ranked second in Mexico's all-category pure electric sales; Galaxy Starship 7 EM-i (Geely EX5 EM-i) topped Poland's C-class PHEV sales, was first in Spain's C-class SUVs and second in PHEVs, and topped Mexico's PHEV SUVs. At the same time, Geely is accelerating the pace of going global in multiple markets such as Europe, Latin America, Southeast Asia, the Middle East, and Africa, continuously improving the local sales network and product layout. In terms of the European market, further deepening cooperation with Tusker, the UK's largest car salary replacement service provider, to enrich sales channels for Geely Star Wish in the UK market; Geely Star Wish has launched in France.

Worth noting is that Geely Galaxy E5, which is also hot-selling overseas, will also welcome a technology upgrade to quickly face global users with stronger product power, outputting more competitive Chinese new energy solutions. From product export to value export, Geely Galaxy's globalization is leaping from "sales supplement" to "second growth engine", providing strong momentum for the brand to continuously move upward, creating a top-tier Chinese new energy business card.

Momentum Steadily Leaps: Diverse Scenarios Convey User Temperature and Brand Value

While sales grow steadily, Geely Galaxy has deepened brand value construction. Through diverse scenario empowerment and refined user operations, it responds to user expectations for a better life, achieving a two-way leap in brand influence and user reputation.

In August, Geely Galaxy A7 partnered with the 2026 Guiyang City Super Football League to support every passion, integrating new energy products into urban life and public sports scenarios. Geely Star Wish implemented 800,000 fan welfare rights and benefits to reward users' long-term support with action. Subsequently, He Haonan became the Geely Star Wish Heart Ambassador, further narrowing the distance between the brand and young users. Meanwhile, Geely Galaxy M9 became the official designated vehicle for the Embassy of the Kingdom of Morocco in China. Relying on flagship-level product strength, it serves important diplomatic scenarios, further showcasing the product value and brand image of Chinese new energy brands.

From cumulative sales exceeding 2.56 million units to consistently securing the top three among new energy brands globally, Geely Galaxy gave a vivid interpretation of "High Quality and Good Price" with its continuously hot market performance in January-August 2026. From serving users' daily lives to entering sports culture and high-value mobility scenarios, Geely Galaxy is continuously expanding brand influence. In the future, Geely Galaxy will continue to advance product and service upgrades around user needs, using high-value products and diverse user experiences to continuously enhance brand influence and user reputation.

Auto Talk Industry | As the global automotive industry's electrification transition enters the deep-water zone, Chinese brands are continuously amplifying their voice on the world stage. Relying on the solid foundation of the domestic market, combined with high-speed expansion in overseas markets, Chery Group's new energy sector has delivered a report of scale and quality.

Latest sales data shows that Chery Group's new energy vehicles achieved a monthly sales volume exceeding 100,000 units for five consecutive months, securing the fifth position in the global new energy landscape, and becoming an important sample for China's automotive "overtaking by changing lanes".

In August, Chery Group's new energy vehicle sales reached 120,909 units, a year-on-year surge of 69.8%, with wholesale volume ranking in the top three of the industry for five consecutive months. From January to August 2026, Chery Group's new energy cumulative sales reached 725,214 units, a year-on-year increase of 46.2%, maintaining a strong upward growth curve on a high base.

According to statistics from CPCA's Cui Dongshu, from January to July 2026, Chery Group's new energy global market share reached 5.5%, ranking in the top five of global automotive groups in new energy vehicle sales.

It is worth noting that among the global new energy sales TOP 5 list, four slots are occupied by Chinese automotive companies, marking that China's new energy vehicles have upgraded from local rise to a global force, reshaping the global automotive industry competition landscape. From 100,300 units in April to 121,000 units in August, the monthly rising new energy sales volume verifies that Chery's electrification transition has shifted from phased explosion to normalized growth.

Behind the surge in total volume is a deep restructuring of the internal structure, with new energy becoming the core pillar of Chery's domestic market. In August, Chery Group's full-vehicle sales reached 280,128 units, a year-on-year increase of 15.4%. The new energy penetration rate in the domestic market soared to 61.9%, equivalent to two out of every three Chery cars sold domestically being new energy models.

High penetration means Chery's product structure has completed a fundamental switch. New energy is no longer a supplementary sector but the main force driving the brand's basic foundation. From traditional fuel vehicles to new energy carrying the national market banner, Chery has completed the iteration of internal tracks, laying product foundations for subsequent global output.

Export business is another major engine for Chery's growth. In August, Chery exports reached 196,984 units, a year-on-year increase of 52.1%, continuing to hold the number one spot for Chinese brand exports. New energy is becoming the core driver for going global; currently, one out of every seven new energy vehicles exported domestically comes from Chery.

In August, Chery's new energy exports approached 70,000 units, with a year-on-year increase as high as 124.2%, and the proportion of new energy in total monthly exports rose to 35.3%. New energy products are rewriting Chery's overseas sales composition, helping exports break away from the old pattern dominated by fuel vehicles.

Europe, as the mainstream automotive market with the strictest global regulations, has become the touchstone for testing Chery's global product power. From January to July 2026, Chery sold over 208,000 cars in 24 European countries, a year-on-year increase of 201%; among them, new energy vehicle sales were 102,000 units, a year-on-year surge of 332.5%, with the new energy proportion approaching 50%.

The high-speed growth in the European market proves that Chery's new energy products can adapt to mature markets with high safety and high emission standards, breaking the stereotype in overseas markets that Chinese new energy vehicles are "only suitable for emerging markets", and accumulating reputation and experience for further opening up developed markets.

Achieving flourishing growth both domestically and internationally stems from Chery's blockbuster product matrix covering different price ranges, different categories, and adapting to global diversified demands.

Domestically, new models continue to ignite the consumption market. On the launch day of the Fulid T7, orders exceeded 23,000, and the "Origin Global Car" concept received a warm market response; the FREELANDER Shenxingzhe 8, the first mass-production car of the Shenxingzhe series, opened pre-sales, with orders exceeding 10,000 in 48 hours, officially launching an attack on the high-end new energy track; the new QQ3 sales exceeded 10,000 for five consecutive months, stabilizing its star position in the A0-level pure electric market; the Luxeed V9 cumulative deliveries exceeded 20,000 units, refreshing the fastest delivery record for new energy MPVs at the 500,000 yuan level.

From small commuting cars to family SUVs, then to high-end MPVs, Chery has achieved comprehensive positioning in the segmented market, catering to both mass consumption and high-end upgrade demands.

On the overseas battlefield, multiple main models broke through strongly. The JAECOO 7, JAECOO 5, and OMODA 5 models entered the top ten best-selling car lists in the UK; the JAECOO 5 won the sales champion in the Australian segmented market, Indonesia, and Thailand pure electric markets; the iCAR V23 topped the segmented market榜首 in Thailand and South Africa.

The simultaneous success of multiple models in different continental markets shows that Chery is not simply selling domestic models overseas, but developing products based on global user demands, truly achieving one model adapting to multiple countries' road conditions, regulations, and consumption preferences.

While sales scale surged, Chery's new energy is moving away from the development model that relied solely on volume, stepping into the value growth stage of quality and quantity improvement. In the first half of 2026, Chery's new energy business revenue reached 59.284 billion yuan, a year-on-year increase of 63.8%, and the proportion of new energy business in the group's total revenue rose from 25.6% to 41.4%.

The significant increase in revenue proportion represents that new energy business is no longer just a tool for boosting sales but a core business unit that truly creates revenue value, with product premium capabilities continuously improving.

As of the end of August, Chery's global cumulative sales exceeded 20.44 million units, and overseas cumulative sales exceeded 7.18 million units. Decades of production and sales foundation, combined with the new momentum of new energy business, propelled Chery to a new development starting point.

From domestic penetration rate breaking through 60% to global ranking in the top five, from blooming everywhere in emerging markets to achieving more than triple growth in European developed markets, Chery's development trajectory is precisely a microcosm of China's automotive industry overtaking by changing lanes.

Under the wave of electrification, Chinese automotive companies bypassed the technical barriers of the traditional fuel vehicle era, relying on a complete industrial chain and rapid iterative product R&D capabilities, achieving a shift from following to running alongside, and leading in some areas. Chery solidifies its foundation with the domestic large cycle, leverages the global market with new energy products, and continuously writes the globalization story of China's automotive industry with one global model after another.

Market Commentary: 

Chery's new energy achieved dual drive through high domestic penetration and high-speed overseas expansion, with a 5.5% global share verifying its top tier status. The product matrix caters to both high and low-end markets, and the breakthrough in the European market proves product power withstands strict tests. However, overseas high-end brand building and profit level improvement remain the core themes for follow-up. Chery's growth path provides a highly valuable practical model for the globalization transformation of domestic brands.

[First Commercial Vehicle Network Original]

On September 15, the 2026 Hannover International Transportation Fair (IAA Transportation) is about to open. As a biennial global commercial vehicle grand event, this auto show is not only a stage for showcasing the latest global technology, but also a platform for commercial vehicle brands from various countries to exchange technology and improve skills.

The First Commercial Vehicle Network has recently learned that on the stage of this Hannover Auto Show, XCMG New Energy Heavy-Duty Truck, the Chinese sales champion, will make a major debut, demonstrating the hardcore strength and leading posture of "Chinese Smart Manufacturing" in the field of new energy commercial vehicles to the world.

Backed by the strength of the sales champion: From "Number One in China" to the World Stage

It is reported that the product XCMG Automobile will showcase at the Hannover Trade Fair this time is an electric heavy truck jointly developed for the European market and German local enterprises. It possesses core technologies in electric drive power, frame load-bearing, battery and thermal management, braking safety, and European compliance adaptation. For example, the high-efficiency electric drive transmission system, the permanent magnet drive motor has a peak power of 405 kW, the energy conversion efficiency reaches up to 98%, and supports multi-gear energy recovery; the double-layer reinforced riveted welded frame has a 280mm high beam, adopting an 8+5mm double-layer steel plate composite structure; the chassis adopts a side-hanging battery layout, with the battery pack arranged on both sides of the frame, not encroaching on the upper installation space; standard EBS+ESC+AEBS, meeting European ECE braking regulations; the vehicle electrical architecture meets the EU E-MARK certification, adapting vehicle voltage and communication protocols to the European parts system, etc.

Going global from "Chinese Smart Manufacturing", XCMG Automobile represents the journey of Chinese heavy trucks from technology following to new energy heavy truck standard leadership, and market data is the most powerful proof.

Looking at the data from 2025, XCMG New Energy Heavy Trucks achieved impressive results with a cumulative annual sales of 35,400 vehicles (Compulsory Traffic Insurance scope, same below), a year-on-year surge of 147%, and a market share of 15.3%, consecutively ranking as the industry sales champion for three consecutive years. Entering 2026, XCMG's momentum remains strong. From January to July, the cumulative sales of new energy heavy trucks reached 27,000 vehicles, with a market share of 16.2%, firmly sitting in the number one position. In July, XCMG New Energy Heavy-Duty Truck took the absolute lead in monthly sales with 5,342 vehicles, an 87% year-on-year growth, and strongly won the monthly list champion.

It is reported that in this exhibition, XCMG focused on the mainline logistics scenario to create the all-new generation of new energy heavy trucks, which will provide a comprehensive interpretation to European customers during the exhibition, opening a new realm for leading the industry into the mainline scenario.

This time landing at the Hannover Trade Fair, what XCMG brought is not just products, but the confident answer sheet of Chinese new energy heavy truck complete set equipment solutions. From the dense traffic of Tangshan Steel Plant to the precise loading and unloading of Shenzhen Yantian Port, from the transportation of southwest sand and gravel materials to Hainan Port Logistics, XCMG New Energy Heavy-Duty Trucks have been tempered in various application scenarios, and various products are becoming increasingly mature.

While continuing to lead the domestic market, XCMG has long turned its gaze to the globe. On the international stage, the figure of XCMG New Energy Heavy-Duty Truck appears frequently. Since the beginning of this year, XCMG New Energy Heavy-Duty Trucks have been sold to Africa, Indonesia, Thailand, Guinea and other countries and regions. Among them, a certain leading mining customer in Indonesia, after purchasing more than 150 units of 600 kWh 8x4 electric dump trucks in the previous stage, again ordered 100 vehicles, refreshing the record of a single order purchase of heavy trucks with large battery capacity in the overseas market. In addition, at the Tanzania Saba International Trade Fair, the 2026 Indonesia International Coal and Energy Industry Expo, and Agrishow, the largest agricultural technology gathering in Latin America, wherever they went, the technical advantages of XCMG New Energy Commercial Vehicles have attracted close attention from local practitioners.

Hard-core technology casts champion foundation: XCMG's systematic competitiveness

A champion is not made in a day. XCMG Automobile's leading position in the field of new energy heavy trucks stems from more than a decade of deep cultivation and accumulation of core technologies. As early as ten years ago, XCMG Automobile was the first in the industry to fully shift to new energy, laying a solid foundation for its subsequent rise in the new energy field.

Today, this forward-looking layout has borne fruit. In terms of the R&D system, XCMG Automobile has a provincial-level enterprise technology center and a new energy commercial vehicle innovation center, leading and participating in the formulation and revision of many national standards. XCMG Automobile Research Institute has gathered a large number of technical elites, continuously tackling the three core user needs of reliability, lightweight, and low energy consumption. For example, the whole vehicle B10 life reaches 1.2 million kilometers, the three-electric system waterproof and dustproof grade reaches IP68, the roll-over weight of the laminated battery tractor is lower than 9.0 tons, and it is at the industry benchmark position.

On the industry pain point of energy replenishment technology, XCMG joined hands with partners such as Huawei to launch Megawatt-level supercharging technology, achieving "charging for 5 minutes, driving for 100 km". It has completed the full scenario layout of 14 supercharging products in three product lines: tractor, dump truck, and mixer truck. In April 2026, XCMG Supercharging Heavy-Duty Truck also completed a 1,046 km long-distance test from Huizhou, Guangdong to Wuhan, Hubei. The transportation efficiency is on par with traditional fuel heavy trucks, expanding the application scenarios of new energy heavy trucks to the mainline logistics field, leading industry development.

From R&D to manufacturing, XCMG has built a complete champion support system. Walking into the XCMG High-end Intelligent Commercial Vehicle Production Base, it collects four production processes: stamping, welding, painting, and assembly, and applies multiple advanced information management systems. Among them, the welding and painting branches are rated as Jiangsu Province Demonstration Intelligent Branches, and the intelligent manufacturing level and product quality are in the leading position in the industry.

More importantly, XCMG has built an operation ecosystem to empower customer terminals, creating a "Full-Scenario Equipment + Charging and Battery Swapping Energy Replenishment + Customized Finance + Full-Process Service + Intelligent Management" green transportation complete set equipment solution, helping customers operate worry-free. In 2025, XCMG Automobile successfully introduced 30 strategic investors, raised 6.444 billion yuan, creating a financing record in the domestic commercial vehicle field in the近 five years, injecting strong momentum into subsequent technology R&D and ecosystem layout.

Editor's Note

From entering the heavy truck field in 2008 to leading the industry to break through scenario shackles and drive into the new realm of operations, XCMG Automobile completed the leap from follower to new energy heavy truck industry leader in 18 years. This is not only the success of XCMG, but also a microcosm of the rapid rise of China's new energy commercial vehicle industry.

Here is the new energy sales report from Chery Group for August. Sold 120,900 new energy vehicles in August, a year-on-year increase of 69.8%, with sales exceeding 100,000 units for five consecutive months. What does this signify? Domestic new energy wholesale volume ranked in the industry top three for five consecutive months. More noteworthy is the penetration rate—August domestic new energy penetration was 61.9%, meaning for every 3 cars sold, 2 are new energy. This is not the "wolf is coming" fable, but results achieved through fierce competition. From a global perspective, from January to July this year, Chery new energy sales accounted for 5.5% of the global share, ranking in the top five automotive groups worldwide. Chinese automotive groups occupy four of the TOP5 spots, and Chery is one of them. From quantitative to qualitative change, Chery's pace is accelerating.

According to statistical analysis by Cui Dongshu, head of the China Passenger Car Association, from January to July 2026, Chery Group's new energy sales world share reached 5.5%, ranking in the top five automotive groups globally. From 100,300 units in April to 121,000 units in August, Chery's rapid new energy growth propelled Chery's rise in the global new energy market position. On the global new energy sales share TOP5 list, Chinese automotive groups occupy four seats, showcasing a new brand image of Chinese cars in the global market. In August, Chery Group sold 280,128 vehicles, a year-on-year increase of 15.4%, including exports of 196,984 vehicles, a year-on-year increase of 52.1%, maintaining the No.1 position among Chinese car brands.

What is worth noting is the increase in new energy penetration rate behind Chery's scale growth: In August, Chery's domestic market new energy penetration rate again broke through 60%, reaching 61.9%. This means that for every 3 cars sold by Chery in the domestic market, 2 are new energy vehicles. New energy has become the absolute main force in Chery's domestic market.

New energy has also become a powerful engine for Chery's globalization. Currently, for every 7 new energy vehicles exported from China, 1 comes from Chery. In August, Chery Group's new energy exports were nearly 70,000 units, a year-on-year increase of 124.2%, accounting for 35.3% of total monthly exports.

The "new energy content" in the European market is higher. From January to July, Chery sold over 208,000 vehicles in 24 European countries, a year-on-year increase of 201%; of which new energy 102,000 vehicles, a year-on-year increase of 332.5%. From the European sales structure perspective, new energy accounts for about 50%. Chery new energy products are accelerating entry into global high-regulation markets, and product strength has been verified and recognized by the world's most stringent markets.

Chery has formed a "blockbuster matrix" covering different markets, price points, and categories in the global market, driving continuous breakthroughs in Chery new energy sales and solid improvement in industry status.

Domestically, the Fengyun T7 broke 23,000 orders on the first day of launch, verifying the market explosive power of the "Native Global Car" concept; FREELANDER's first mass-production model, Freelander 8, opened pre-sales, breaking 10,000 orders in 48 hours, launching an attack on the high-end new energy market; The all-new QQ 3 sold over 10,000 units for 5 consecutive months, solidifying its status as a star A0-class pure electric product; The Zhijie V9 cumulative deliveries have exceeded 20,000 units, breaking the fastest delivery record for 500,000-level new energy MPVs.

Overseas, the three models JAECOO 7, JAECOO 5, and OMODA 5, featuring new energy characteristics, entered the UK top 10 best-selling models list; JAECOO 5 became the sales champion in the Australian sub-market, Indonesian and Thai pure electric markets, while iCAUR V23 ranked first in the sub-market in Thailand, South Africa, etc.

Chery New Energy has not only "quantitative growth", but also "qualitative leaps". Chery New Energy is moving from scale expansion to a new stage of value growth. In the first half of 2026, Chery Auto's new energy business revenue reached 59.284 billion yuan, a year-on-year increase of 63.8%, with the proportion of total revenue rising from 25.6% to 41.4%.

Chery New Energy's growth is not only a breakthrough in scale. Revenue from new energy business in the first half was 59.284 billion yuan, a year-on-year increase of 63.8%, with the proportion of total revenue rising from 25.6% to 41.4%. Revenue growth outpaced sales growth, indicating an increase in the proportion of higher-priced models and an optimization of structure. At the product level, Fengyun T7 broke 23,000 orders on launch day, Freelander 8 broke 10,000 orders in 48 hours pre-sale, Zhijie V9 cumulative deliveries exceeded 20,000, setting the fastest record for 500,000-level new energy MPVs. Both domestic and international legs are moving forward. By the end of August, Chery's cumulative global sales exceeded 20.44 million vehicles, with overseas cumulative sales exceeding 7.18 million vehicles—this is a new starting point, and new energy is injecting new connotations into this starting point. The story of Chinese automobiles overtaking by changing lanes, Chery is continuously writing on the global map.

While Chinese cars were "overtaking by changing lanes", Chery New Energy's explosive growth has entered a new normal. With the August sales release, Chery Group New Energy saw its sales exceed 100,000 units for the 5th consecutive month: In August, the group sold 120,909 new energy vehicles, up 69.8% year-over-year, ranking top three in wholesale volume in the industry for 5 consecutive months; From January to August, the group cumulatively sold 725,214 new energy vehicles, up 46.2% year-over-year.

Chery New Energy sales account for 5.5% of the world share

According to statistical analysis by CPCA Head Cui Dongshu, from January to July 2026, Chery Group's new energy vehicle sales world share reached 5.5%, ranking among the top five global auto groups. From 100,300 units in April to 121,000 units in August, Chery New Energy's rapid growth promoted Chery's leap in global new energy market status. On the global new energy sales share TOP5 list, Chinese car companies occupy four seats, showcasing a new brand image of Chinese cars in the global market.

New energy penetration rate continues to rise, European new energy growth exceeds 3 times

In August, Chery Group sold 280,128 cars, up 15.4% year-over-year, including 196,984 units in exports, up 52.1% year-over-year, maintaining the first position for Chinese brand cars.

What deserves attention is the improvement in new energy penetration rate behind Chery's scale growth: In August, Chery's domestic market new energy penetration rate broke through 60% again, reaching 61.9%. This means that for every 3 cars sold in Chery's domestic market, 2 are new energy. New energy has become the absolute main force in Chery's domestic market.

New energy has also become a powerful engine for Chery's globalization. Currently, for every 7 new energy vehicles exported from China, 1 comes from Chery. In August, Chery Group's new energy exports were nearly 70,000 units, up 124.2% year-over-year, accounting for 35.3% of total exports for that month.

Global Best-Selling Model JAECOO 7

The "New Energy Content" in the European market is higher. From January to July, Chery sold over 208,000 cars in 24 European countries, up 201%; among them 102,000 new energy vehicles, up 332.5%. From the European sales structure, new energy accounts for about 50%, Chery new energy products are accelerating entry into global high-regulation markets, and product capability has been verified and recognized by the world's strictest markets.

Hit Product Matrix: From Fengyun T7 to JAECOO 7

Chery has formed a "Hit Product Matrix" covering different markets, price points, and categories in the global market, promoting Chery New Energy sales to continuously break through and solidifying its industry status.

Domestically, Fengyun T7 exceeded 23,000 orders on its first day of launch, validating the market explosiveness of the "Native Global Car" concept; FREELANDER's first mass-produced Freeland 8 started pre-sale, with 48-hour orders exceeding 10,000 units, attacking the high-end new energy market; Brand new QQ3 sold over 10,000 units for 5 consecutive months, solidifying its status as a star A0-class pure electric product; Luxeed V9 cumulative delivery exceeded 20,000 units, breaking the fastest delivery record for 500,000-level new energy MPVs.

"Native Global Car" Fengyun T7

Overseas, three models featuring new energy, JAECOO 7, JAECOO 5, OMODA 5, entered the UK Top 10 Best-Selling Models list; JAECOO 5 became the sales champion in Australia's sub-segment, as well as in Indonesia and Thailand's pure electric market, iCAUR V23 ranked first in sub-segments in Thailand, South Africa, and other places.

iCAUR V23

Rise in Both Quantity and Quality: New Energy Revenue Share Rises to 41.4%

Chery New Energy not only has "quantity growth", but also "quality leap". Chery New Energy is moving from scale expansion to a new stage of value growth. In the first half of 2026, Chery's new energy vehicle business revenue reached 59.284 billion yuan, up 63.8% year-over-year, increasing the proportion of total revenue from 25.6% to 41.4%.

As of the end of August, Chery's global cumulative sales exceeded 20.44 million units, with overseas cumulative sales exceeding 7.18 million units. This is a new starting point, and new energy is injecting a new meaning into this new starting point. The story of Chinese cars "overtaking by changing lanes", Chery is continuously writing on the global map.