January Production and Sales Report | January Production and Marketing Bulletin
Gasgoo: On February 1, Xiaomi EV officially disclosed its January delivery data, reporting monthly deliveries surpassed 39,000 units. Compared to January 2025's 22,897 units, this marks a 70.33% year-on-year increase. However, deliveries slipped 22.33% from December 2025's 50,212 units.
Gasgoo: On February 1, Leapmotor released its latest delivery figures: in January, the company delivered 32,059 vehicles across its entire lineup, up 27% year-on-year.
Gasgoo: Li Auto released its January 2026 delivery data on February 1. The company handed over 27,668 new vehicles during the month, a 7.55% decline from the same period in 2025. As of January 31, its cumulative historical deliveries have reached 1,567,883 units.
Gasgoo: On February 1, VOYAH's January 2026 figures arrived, showing monthly sales reached 10,515 units. This is a 31% increase from last year, extending the brand's recent steady upward trend.
Mydrivers: HIMA officially announced on February 1 that cumulative deliveries for January 2026 hit 57,915 units, jumping 65.6% year-on-year.
Gasgoo: Official data on February 1 showed GAC Trumpchi's terminal sales for January 2026 reached 26,937 units, achieving a double-digit gain with a 2.06% year-on-year rise and a 25.07% month-on-month increase.
OEM Dynamics | OEM Trend
Gasgoo: On February 1, reports surfaced claiming Ford had held talks with Xiaomi regarding a potential partnership to establish a joint venture in the U.S. for electric vehicle manufacturing—a move that could pave the way for Chinese automakers to enter the American market. In response, Xiaomi was quick to refute the claims, stating clearly that the reports are false. The company said it currently sells no products or services in the U.S. and has never held negotiations with Ford regarding a joint venture. Ford followed suit by debunking the rumor. Mark Truby, Ford's chief communications officer, stated firmly that the rumor is unfounded and "has no basis in fact."
Lanjinger: Lang Xianpeng, former senior vice president of autonomous driving at Li Auto, confirmed on social media that he has shifted from autonomous driving to humanoid robotics, adding, "I am humbly learning and open to guidance and advice." Earlier reports indicated that Li Auto reorganized its R&D system into base model, software entity, and hardware entity teams, with Lang becoming head of the hardware entity—responsible for robot development and stepping away from autonomous driving. Li Auto CEO Li Xiang was also reported to have held an all-hands online meeting, clarifying that the company will definitely pursue humanoid robots beyond its automotive business and aims to unveil them as soon as possible.
IT Home: At a recent Dongfeng Motor media co-creation event for 2026, Yu Yuefeng, general manager of Dongfeng eπ's marketing division, shared the brand's product roadmap for the new year. According to the presentation, Dongfeng eπ will fully integrate the "Huawei ecosystem" in 2026, including Huawei Qiankun ADS Pro, the HarmonySpace 5 smart cockpit, Huawei Qiankun vehicle control, and Huawei Qiankun cloud services.
Mydrivers: Great Wall Motor recently released its 2025 annual performance report. The report shows that in 2025, Great Wall Motor achieved total operating revenue of 222.79 billion yuan, a 10.19% year-on-year increase. However, net profit attributable to shareholders of listed companies was 9.912 billion yuan, a decline of 21.71%. Great Wall Motor attributed the profit dip to accelerated efforts in building direct-to-user channels and increased investment in marketing new models and technologies. It was also reported that Great Wall Motor's full-year sales for 2025 reached 1,323,672 vehicles, up 7.33%, with cumulative sales of new energy vehicles hitting 403,653 units.
Components Sector | Supply Chain News
Gasgoo: Sunwoda Electronic Co., Ltd. has updated its issuance application with the Hong Kong Stock Exchange, adding the latest company information and financial data, and formally resubmitted its HK prospectus by posting updated documents on the exchange's website. According to HKEX regulations, an A1 prospectus is valid for six months; after expiration, financial data and other information must be updated before resubmission. Given current market conditions where the HK listing process often exceeds six months from the initial A1 filing, the expiration and resubmission of the prospectus is a standard industry procedure and does not indicate any irregularities in the company's operations or IPO progress.
Gasgoo: Covestro recently announced the successful completion of a capacity expansion project for its toluene diisocyanate (TDI) production facilities at its Shanghai integrated site. The upgrade raised the site's annual TDI capacity from 310,000 tonnes to 370,000 tonnes, an increase of nearly 20%. The move aims to meet sustained market demand for TDI. As a key raw material for flexible polyurethane foam, TDI is widely used in furniture, mattresses, and automotive seats, directly impacting the comfort of end products.
Industrial Focus | Industrial Economy
Cailian Press: The latest "China Automobile Dealer Inventory Alert Index Survey" (VIA) released by the China Automobile Dealers Association shows that the inventory alert index for Chinese auto dealers in January 2026 stood at 59.4%, down 2.9 percentage points year-on-year, but up 1.7 percentage points from the previous month. The index remains above the boom-bust threshold.
Cailian Press: China's Ministry of Finance (MOF) official Wu Gai stated at a press conference that preliminary statistics show sales of consumer goods related to the trade-in program exceeded 2.6 trillion yuan in 2025, benefiting approximately 360 million people. Among these, automobile trade-ins surpassed 11.5 million units, with new energy vehicles accounting for nearly 60% of those sales.
Personnel Changes | Executive Moves
Gasgoo: BMW Group announced the following personnel changes in its marketing department. Christian Ach, who currently leads market operations in Germany, will take on the role of President and CEO of BMW Group Region China, effective 1 April 2026. In this key role, he will oversee and coordinate business activities in the Chinese market. Tim Beltermann, currently Head of BMW Sales to End Customers, German market, will succeed Ach. Maru Escobedo, current President and CEO of BMW Group Brazil, will take over as President and CEO of BMW Group Latin America on March 1, 2026.
