March Production and Sales Report | March Production and Marketing Bulletin
Gasgoo: On April 1, VOYAH released its latest delivery figures. The company delivered 15,019 new vehicles in March 2026 — a 50.1% year-on-year surge and a sharp 79.7% monthly increase, marking a return to high-volume levels. That brings cumulative first-quarter deliveries to 33,892 units, up 30.2% from the same period last year.
IT Home: XPENG unveiled its delivery figures for March and the first quarter of 2026 on April 1, simultaneously announcing the official launch of its Latin American expansion. In March 2026, XPENG delivered 27,415 vehicles, an 80% jump from February. First-quarter cumulative deliveries reached 62,682 units.
Gasgoo: Li Auto reported March 2026 delivery figures on April 1, with monthly volume hitting 41,053 units. As of March 31, 2026, Li Auto's first-quarter deliveries totaled 95,142 vehicles, bringing its historical cumulative deliveries to 1,635,357 units.
Gasgoo: On April 1, Leapmotor released its March delivery data: the company delivered 50,029 vehicles across its entire lineup. Monthly sales have climbed back above the 50,000-unit mark, maintaining its lead among emerging EV startups.
IT Home: April 1, Xiaomi EV announced that deliveries exceeded 20,000 units in March 2026. Since deliveries began on March 23, cumulative volume for the new-generation SU7 has surpassed 7,000 units.
Gasgoo: On April 1, the HYPTEC-AION BU released March terminal sales data, reporting 38,268 units sold for the month — achieving growth both year-on-year and month-on-month. Overall first-quarter sales rose 8.72% year-on-year, providing core support for GAC Group's strong start to the year.
Gasgoo: GAC Toyota released its first-quarter retail sales figures on April 1. Cumulative sales from January to March reached 171,584 units, marking positive year-on-year growth. March alone saw 66,127 units sold, a 19.3% year-on-year increase, demonstrating strong market resilience amid intensifying competition in the domestic auto market.
Jiemian: A March 2026 production and sales report released by BAIC BluePark on April 1 shows that its subsidiary, BAIC BJEV, produced 18,652 vehicles this month — up 61.50% year-on-year. Sales, however, dipped 4.35% to 13,647 units. Year-to-date production climbed 36.96% to 37,452 vehicles, while cumulative sales increased 4.94% to 29,084 units.
OEM Trends | OEM Trend
Gasgoo: SAIC Motor released its 2025 annual report on April 1. The report shows that SAIC sold 4.507 million vehicles in 2025, a 12.3% year-on-year increase, with market share rising 0.3 percentage points to 13.1%. Full-year consolidated operating revenue reached 656.24 billion yuan, up 4.6%. Net profit attributable to listed shareholders surged 506.5% to 10.11 billion yuan, while net profit after deducting non-recurring items jumped 237.2% to 7.42 billion yuan. The company's operations have stabilized, performance recovery is accelerating, and its high-quality development trajectory continues to solidify.
Gasgoo: Leapmotor issued a voluntary announcement on April 1 stating that founder, Chairman, and CEO Zhu Jiangming, along with shareholder Fu Liquan, recently increased their holdings in the company. The shares were purchased at an average price of approximately 45.10 Hong Kong dollars, involving a total investment of about 230 million Hong Kong dollars.
Fast Tech: On April 1, BYD officially announced the operation of its 5,000th FLASH charging station. The first batch of highway supercharging stations also went live simultaneously, located at the Jiejiazui service area on the Qingdao-Lanzhou Expressway in Lanzhou, Gansu. With this milestone, BYD's supercharging network now covers 297 cities nationwide.
IT Home: Faraday Future (FF) released its 2025 performance results on April 1. The financial report shows that FF achieved positive net assets of 7.7 million USD in 2025. Net financing cash inflows for the year totaled 161.4 million USD, marking a continued improvement in its balance sheet.
Components Makers | Supply Chain News
Gasgoo: MINIEYE announced it has reached a cooperation intent with nenuHCT to jointly establish a new company. By integrating their strengths in technology, capital, and markets, the partners will focus on deep collaboration in the mobile robotics sector. They aim to build a comprehensive product system covering "indoor-park-city-open road" scenarios. Using autonomous logistics vehicles as a strategic pivot, the venture will expand into multi-scenario delivery robotics, creating a full-chain solution spanning R&D, mass production, and global delivery.
Gasgoo: Tianqi Lithium recently released its 2025 annual report, revealing a return to profitability for the full year with steady improvements in operational quality. The company achieved phased results across capacity layout, R&D, and sustainable development. Financial data shows Tianqi Lithium generated 10.346 billion yuan in revenue in 2025, with net profit attributable to shareholders reaching 463 million yuan. This represents a turnaround from the loss of 7.905 billion yuan in 2024, marking a 105.85% year-on-year increase. Basic earnings per share rose 105.81% to 0.28 yuan.
Gasgoo: Ganfeng Lithium also released its 2025 annual report recently, showing a significant improvement in operational performance and a successful return to profitability, driven by steady growth in its core business. The report indicates revenue of 23.082 billion yuan for 2025, up 22.08% year-on-year. Net profit attributable to shareholders stood at 1.613 billion yuan — a massive 177.77% increase compared to the loss of 2.074 billion yuan in 2024.
Industrial Focus | Industrial Economy
Jiemian News: Data from South Korea's Ministry of Trade, Industry and Energy on March export trends shows the country's exports surged 48.3% year-on-year in March to 86.13 billion USD — a new monthly record. Notably, semiconductor exports skyrocketed 151.4% to 32.83 billion USD, breaching the 30 billion USD mark for the first time. Additionally, automobile exports rose 2.2% to 6.37 billion USD, while petroleum product exports increased 54.9% to 5.1 billion USD.
Personnel Changes | Management Changes
Jiemian News: BMW Japan announced in a statement that Kintaro Ueno will join the company on April 1 as President and Representative Director. Ueno joined Mercedes-Benz Japan in 1987 and served as its President and CEO starting in 2012.
Jiemian News: Former Tesla China General Manager Kong Yanshuang has joined Xiaomi, where she will replace Li Xiaorui, the former director of Xiaomi EV, to oversee automotive sales. Kong joined in early March and is currently in a transition period; Xiaomi has not yet issued an internal announcement regarding her official title. As of April 1, Xiaomi had not responded to requests for comment on the matter.
