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.
SAIC Motor hits delivery milestone of 100 million vehicles
1. On May 28, 2026, SAIC Motor held a "Global 100 Millionth User Vehicle Delivery Ceremony" in Shanghai, officially becoming the first Chinese automobile group to surpass 100 million units in cumulative production and sales.
2. The 100 millionth vehicle delivered was the IM LS9 Hyper, under SAIC's premium EV brand.
3. The milestone was built on a full automotive value-chain ecosystem covering six major sectors:
(1) Complete vehicles
(2) Auto components
(3) Mobility and services
(4) Finance
(5) International operations
(6) Innovation and technology
4. From January to April 2026, SAIC Motor sold 1,301,589 vehicles in total.
(1) Self-owned brands contributed about 910,000 units, accounting for nearly 70% of total sales.
(2) New energy vehicle sales reached around 412,000 units.
(3) Overseas sales totaled 459,000 units, up 50.2% year-on-year.
5. Its long-term overseas expansion strategy also plays a key role:
(1) More than 100 overseas parts production bases
(2) Over 3,000 global dealership outlets
(3) Three overseas R&D innovation centers, including London
(4) Four manufacturing hubs in Thailand, Indonesia, India, and Pakistan
6. SAIC Motor's logistics arm, Anji Logistics, currently operates 42 ro-ro vessels, with eight international shipping routes covering Southeast Asia, Europe, and the Americas.
7. SAIC products and services are now available in more than 170 countries and regions, with cumulative overseas sales surpassing 7 million units.
XPENG reports Q1 2026 earnings: Revenue hits 13.03 billion yuan, margin improves to 20.6%
1. XPENG reported first-quarter 2026 revenue of 13.03 billion yuan, while gross margin rose to 20.6%, improving by 5 percentage points year-on-year.
2. XPENG delivered 62,682 vehicles during the first quarter of 2026.
3. Service and other revenue reached 2.03 billion yuan, increasing 41.2% year-on-year.
4. Q1 R&D spending totaled 2.91 billion yuan, up 46.8% compared with the same period last year.
5. As of March 31, 2026, XPENG held 42.09 billion yuan in cash reserves.
6. XPENG continued expanding its sales and charging networks:
(1) 733 domestic sales stores across 256 Chinese cities
(2) 3,455 self-operated charging stations nationwide
7. Internationally, XPENG had entered more than 60 countries and regions by the end of Q1 2026, with 393 overseas stores established globally.
8. XPENG also issued strong Q2 2026 guidance:
(1) Vehicle deliveries expected between 100,000 and 106,000 units
(2) Quarter-on-quarter delivery growth projected at 59.54% to 69.11%
(3) Revenue forecast between 19.6 billion yuan and 20.8 billion
(4) Quarter-on-quarter revenue growth expected at 50.38% to 59.59%
NIO begins nationwide delivery of ES9 SUV
1. NIO officially put its executive flagship SUV ES9 on May 27 onto the market, with nationwide deliveries of the "island-layout" version starting May 28.
2. Deliveries of the "aisle-layout" version are scheduled to begin in mid-July.
3. The ES9 is positioned as an executive flagship SUV.
(1) Dimensions: 5,365 mm × 2,029 mm × 1,870 mm
(2) Wheelbase: 3,250 mm
4. The ES9 is offered in three trims:
(1) Executive Luxury Edition
(2) Executive Signature Edition
(3) Horizon Special Edition
5. Buyers can choose between full vehicle purchase and NIO's BaaS battery rental program:
(1) Standard purchase pricing ranges from 498,000 yuan to 628,000 yuan
(2) BaaS pricing ranges from 390,000 yuan to 520,000 yuan
6. The ES9 features more than 40 industry-first technologies and is built on a full-domain 900V high-voltage architecture.
(1) Combined output reaches 520 kW
(2) CLTC range up to 620 km
(3) Supports 600 kW ultra-fast charging
(4) Supports battery swapping in as little as 3 minutes
7. All variants come standard with:
(1) 48V integrated active suspension
(2) Latest-generation NOP+ advanced driver assistance system
8. Interior configurations include both six-seat island and six-seat aisle layouts, alongside multiple OLED displays and an immersive audio system.
