With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
2026 XPENG MONA M03 Hits the Market, Starting at 119,800 Yuan
On April 2, XPENG officially put the 2026 MONA M03 model onto the market, introducing six variants priced between 119,800 yuan and 151,800 yuan. The entry price remains unchanged from the previous model. Deliveries for the Plus and Max trims began immediately, while the Ultra SE version is scheduled to arrive in August.
According to company data, the updated model secured more than 10,000 firm orders within just 37 minutes of its debut, underscoring strong early demand.
SAIC Motor Q1 Sales Reach 973,000 Units
SAIC Motor released its first-quarter production and sales figures for 2026 on April 2, declaring itself the only automaker in China to surpass the 1 million sales mark during the period, according to Gasgoo.
Data reveals that from January to March, SAIC Motor sold 973,000 vehicles wholesale, while retail sales climbed to 1,008,000. That represents a scale-up even as the broader industry faces headwinds. In March alone, the group moved 376,000 vehicles, securing a third consecutive monthly top spot with steady performance.
ECARX Achieves Double-Digit Revenue Growth in 2025, Profitable for Two Consecutive Quarters
ECARX reported its full-year 2025 financial results on April 3, delivering double-digit revenue growth and achieving profitability in both the third and fourth quarters.
Financial data reveals ECARX generated $847.9 million in total revenue for 2025 — a 10% year-over-year increase. Gross profit came in at $161.3 million, maintaining a gross margin of 19%. The company's net loss narrowed to $68.9 million, a 50% reduction from $137.8 million in 2024. In the fourth quarter alone, revenue hit $304.7 million, up 13% from a year earlier and a record high for a single quarter. That period also yielded a net profit of $2.8 million, with adjusted EBITDA reaching $21.6 million.
