[Gasgoo Express] CATL's 2025 Net Profit 72.2 Billion Yuan; Li Pengcheng Appointed CMO of Volkswagen Anhui

Automaker News

• Voyah officially launched the Dreamer Champion Edition on March 10, priced at 309,900 yuan. As the family's new entry-level variant, it will be released in limited quantities. The milestone also marks the rollout of the 200,000th Dreamer. The standout feature? Huawei's Qiankun ADS 4 and HarmonyOS Cockpit 5, making it the sole model in the 300,000-yuan MPV segment to offer Huawei's intelligent driving tech.

• Renault Group unveiled its new "futuREady" strategy on March 10, ushering in a new phase of development. The plan focuses on three pillars: product and customer experience, technological innovation, and operational excellence. It is anchored by a firm commitment to employees, suppliers, dealer networks, and partners—with product remaining at the core. By 2030, Renault plans to launch 36 new models, accelerating electrification while expanding its international portfolio.

• Addressing speculation about price increases for the refreshed ZEEKR 007 GT, ZEEKR confirmed on March 10 that the new version will feature the NVIDIA DRIVE Thor-U chip and a 900V high-voltage architecture. "The vehicle is expected to launch in the second quarter. Pricing is still under review as we weigh various factors," the company stated. Market rumors the previous day suggested a price hike of 5,000 to 8,000 yuan on top of the current model due to rising costs.

• The Volkswagen Group CEO announced that in 2026, the company will introduce entry-level electric mobility products equipped with high-end technology. In China, Volkswagen is preparing to launch its largest product offensive in corporate history. At the same time, it plans to set key milestones for batteries, software, and autonomous driving.

Supply Chain News

• JCET Automotive Electronics (Shanghai) held a commissioning ceremony in Shanghai's Lingang Special Area on March 10, with backing from Shanghai International Group. The event marks the official operation of China's first specialized chip packaging and testing factory dedicated to automotive electronics and robotics applications. Shanghai International Group invested 700 million yuan through its subsidiary, International Investment.

• Sensata Technologies has officially launched the FaultBreakTM contactor, a next-generation high-voltage switching and protection solution designed to enhance fault clearing performance, increase safety, and simplify EV powertrains. Its passive, resettable fuse function effectively protects against high-current faults—significantly reducing system costs and weight while streamlining design and boosting vehicle safety and maintainability.

• CATL recently released its 2025 annual report. Revenue reached 423.702 billion yuan, a 17.04% year-on-year increase, while net profit attributable to shareholders jumped 42.28% to 72.201 billion yuan. Notably, CATL's 2025 net profit exceeded 72.2 billion yuan with a margin as high as 17%—equivalent to earning nearly 200 million yuan per day.

• Mobileye Global Inc. reported its fourth-quarter and full-year fiscal 2025 results, with the period ending December 27, 2025. Full-year revenue climbed 15% to $1.894 billion, while net cash from operating activities surged 51% to $602 million, setting a strong tone as the company enters fiscal 2026.

• Lear Corporation released its fourth-quarter and full-year 2025 financials, revealing that quarterly sales grew year-over-year and full-year operational performance hit new records, with adjusted earnings per share rising for a fifth consecutive year. Fourth-quarter sales reached $6 billion, up 5%, while net income stood at $83 million. Adjusted net income improved to $179 million, and core operating income edged up to $259 million from $258 million a year earlier.

Industrial Economy Focus

• Hong Kong's Hang Seng Index opened 1.31% higher on March 10, while the Hang Seng Tech Index gained 2%. Popular tech stocks rallied broadly, with Zhipu surging over 12% and Bilibili rising more than 4%. XPENG climbed over 3%, while Kuaishou, JD Health, and Xiaomi Group all gained more than 2%.

• At the 2026 International Battery Technology and Innovation Application Summit, the CEO of the U.S. Clean Transportation Technology Alliance posed a question: "If you look at recent headlines, you naturally have to ask: Is the U.S. still investing in electric vehicles?" He noted that while headlines report roughly $50 billion in asset write-offs, they miss a key point: the industry has poured over $160 billion into the sector at a rapid pace over the past three years. "That means more than $100 billion in investment is still being deployed in the U.S. EV market and will continue in the coming years."

• MagicLab officially announced the completion of a new 500 million yuan financing round. Investors included the Skyworks Venture Capital Fund, Tuopu Group, Jinyu Maowu, Sudatian Palace, Jiechuang Intelligent, ASD, and Liang Venture Capital.

• PsiBot has closed its Angel and Pre-A financing rounds, totaling 2 billion yuan. The company stated that proceeds will fund large-scale applications in logistics scenarios and the construction of a massive data acquisition solution system.

• Jiangsu Hengtron Nanotech announced the completion of a Series B financing round worth several hundred million yuan. The round saw participation from the Yinchuan Yucheng Phoenix Science and Technology Innovation Fund. Capital raised will primarily support capacity layout and expansion for lithium manganese iron phosphate (LMFP) cathode materials, further solidifying its position in this niche market.

Personnel Changes

• Volkswagen (Anhui) Digital Sales Service Company announced internally on March 10 that Li Pengcheng will take on the role of Chief Marketing Officer (CMO) and join the executive management committee. Li's career began at FAW-Volkswagen, where he served as head of public relations in the General Manager's Office and later as PR director for the Volkswagen brand. He joined XPENG in 2019. In 2023, he was appointed Vice President and CMO of Avatr Technology, taking full charge of the marketing system.