Gasgoo Daily presents a selection of the latest developments from China's automotive industry. Here are the key stories in this edition.
1. Geely Auto Reports Record October Sales
Geely Auto Group recorded sales of 310,183 vehicles in October 2026, its highest monthly figure of the year. NEV sales reached 214,996 units, accounting for nearly 70% of total sales. Overseas exports also hit a record 107,153 vehicles, up 158% year on year. The company is continuing to expand its international presence, with new market entries and a growing retail network in the UK.
2. Xiaomi Auto Deliveries Exceed 50,000 Units in October
Xiaomi Auto announced that October deliveries exceeded 50,000 vehicles, setting a new monthly record. The all-electric SU7 maintained stable demand in the market for electric sedans priced above RMB 200,000, while the extended-range SUV lineup introduced in September is gradually ramping up production. The company is now focused on improving delivery efficiency, after-sales services and product upgrades to sustain growth.
3. Global Technology Raises More Than RMB 600 Million in C++ Financing
Chinese intelligent chassis supplier Global Technology completed a C++ financing round exceeding RMB 600 million, bringing its cumulative C-round financing to more than RMB 1.1 billion. Its EPB, ABS, ESC and GIBC (Onebox) products have entered mass production and vehicle installation. The company plans to bring its fourth GIBC production line into operation in mid-2027, with an annual capacity of 1.2 million units. It is also developing electromechanical braking (EMB) systems and chassis domain controllers, with 18 EMB customer projects currently under development.
