OEM Trend
MyDrivers: Lei Jun recently shared fresh stats from Xiaomi Auto's "100,000 Kilometer Promise." As of August 2026, more than 2,600 owners have already clocked 100,000 km. Under the company's initiative, drivers who hit that milestone receive a commemorative physical badge, a virtual medal, and a personalized driving story poster.
MyDrivers: GAC Group has released its 2026 first-half financial report. Consolidated revenue topped 46.5 billion yuan, a 9.13% year-on-year increase, while overseas income surged 109.27% to 14.013 billion yuan, making international business a key growth engine. On the vehicle front, the group sold 773,100 units in the first half, up 2.35% annually. Self-owned brands stole the show: sales jumped 35.69% to 346,000 units, marking a fifth consecutive month of double-digit growth and lifting their share of total sales to 44.75%.
MyDrivers: Arcfox has kicked off pre-sales for its new mid-to-large SUV, the Alpha T7. Within 72 hours, orders surpassed 30,000 units. Positioned as a "smart, beautiful AI class-leading large five-seater SUV," the Alpha T7 offers nine variants across pure electric and range-extender powertrains. Pre-sale subsidies bring the price range between 137,800 and 174,800 yuan.
Cailian Press: Toyota plans to start producing its next-generation electric vehicle for the Lexus brand in China next autumn. The SUV model is slated for production at Toyota's new Shanghai plant, with an initial output of roughly 1,000 units per month. By 2028, annual production is expected to climb into the tens of thousands.
IT Home: Zotye Auto has published its 2026 semi-annual report. Revenue for the period stood at 190 million yuan, down 32.08% from a year ago. However, net profit attributable to shareholders swung to 80.39 million yuan—compared to a loss of 148 million yuan in the same period last year—marking a return to profitability.
Supply Chain News
Gasgoo: Minieye released its 2026 interim performance report, showing revenue rising more than 30% and gross profit up over 55%. Gross margins improved to 17.9%. Notably, smart cockpit revenue doubled, while the robot business grew more than fourfold, signaling a strengthening fundamental outlook. By leveraging L2+ and L4 technology reuse, the company is solidifying its foundation while opening a long-term growth channel.
Gasgoo: RoboSense has delivered a key scorecard: first-half revenue exceeded 1 billion yuan, with its robotics business contributing nearly half of that income and the bulk of gross profit. Meanwhile, three product categories—"eyes" (spatial cameras), "skin" (visual-tactile and MEMS tactile sensors), and "muscle" (joint modules)—have entered commercial delivery. Spatial cameras have already secured large-scale orders, with deliveries set to begin by the end of the third quarter.
Gasgoo: Surventis, formerly BASF's Coatings division, has signed a strategic development and cooperation agreement with AUMOVIO Group. The two will combine resources to advance the application of Surventis' Chemetall brand micro-structured optical films in the automotive sector. The goal is to develop innovative solutions for in-car displays and head-up displays (HUD) for global customers.
Gasgoo: Tianqi Lithium disclosed its 2026 semi-annual report. Revenue reached 12.242 billion yuan, a 153.32% jump year-on-year. Net profit attributable to shareholders hit 4.242 billion yuan, a staggering 4,925.46% increase from 84.41 million yuan a year earlier. Excluding non-recurring items, net profit came in at roughly 4.2 billion yuan, up 318,054.90%. Basic earnings per share were 2.51 yuan.
Gasgoo: Zejing recently reported its 2026 interim results. The company generated 328 million yuan in revenue during the period, a modest 2.1% increase. Total assets reached 1.327 billion yuan, growing 66.97% compared to the end of December 2025.
Industrial Economy
MyDrivers: At a recent media briefing for the FAW-Volkswagen ID.AURA T6 pre-sale, Wang Shengli, general manager of FAW-Volkswagen Sales Co., shared some industry observations. Incomplete statistics show roughly 700 new energy models are currently on sale in China. Using a monthly sales benchmark of 5,000 units to define success, only 56 models make the cut—putting the industry's product success rate at just 8%.
MyDrivers: The CPCA released the latest power battery statistics. From January to July, China's output of power and other batteries totaled 1,287 GWh, up 32% year-on-year. In terms of domestic installation share, CATL leads with 45.8%, followed by BYD at 17.7%. Together, these two giants command 64% of the market, while the remaining 36% is being fought over by second-tier players like Gotion High-Tech and CALB, where competition is heating up.
IT Home: A new Carwow survey reveals that 49% of UK drivers now consider Chinese brands for their next car. That figure is a sharp rise from 35% in the first half of this year. Back in the first half of 2023, only 24% of British drivers were willing to consider a Chinese vehicle.
Gasgoo: Physical AI firm Songying Tech announced it has closed Series A and A1 funding rounds totaling hundreds of millions of yuan. The rounds were led by CICC Capital and Wuhan Hongshan Capital, with participation from Shangrong Capital, Aosheng Technology, Gaoxin Capital, Shanghai Angel Club, Fengyu Zhu, and Qiaobei Capital, among others. Existing investors like China-Singapore Fund increased their stakes. The new capital will primarily fund the iteration of the ORCA OS physical AI operating system, adaptation for domestic chips, developer ecosystem building, and large-scale industrial deployment.
Policy Situation
MyDrivers: On August 29, a draft revision to the Road Traffic Safety Law went under initial review at the 24th session of the Standing Committee of the 14th National People's Congress. For the first time, it establishes a dedicated chapter on "Special Provisions for Autonomous Vehicles," legally clarifying the boundary between autonomous driving and driver assistance functions. Liability rules are explicit: if a traffic violation occurs while autonomous driving is active, the vehicle manufacturer or importer bears responsibility; if the system is not active, or the vehicle only has driver assistance, the driver is liable. Two days after the draft was submitted, four departments issued a joint notice launching a one-year nationwide campaign on production consistency and quality improvement for road motor vehicles. Currently, the penetration rate of L2-level combined driving assistance in passenger cars sits at 70.5%, while navigation assist reaches 34.2%. The industry struggles with exaggerated marketing and blame-shifting after accidents. This legal revision provides a statutory basis for autonomous driving management, requiring automakers to ensure safety compliance and clear liability before vehicles can hit the market.
