OEM Trend
Jiemian News: XPENG launched the world's first X-Energy megawatt supercharging station in Hong Kong on Sept 15. Built jointly with Halo, the station is open to drivers of all brands.
Keji Technology: GAC Group's H-shares resumed trading at 9:00 a.m. on Sept 15, according to a Hong Kong Stock Exchange filing, with related structured products also back in action. During the pre-open session, GAC's H-shares surged more than 12% to hit 2.62 HKD per share, bringing its total market value to 51.03 billion HKD. The move followed a late-night announcement on Sept 14 regarding a major asset restructuring after the suspension of its A- and H-shares. GAC signed a letter of intent with China FAW Group to acquire a partial stake in a joint venture held by FAW through share issuance, alongside a fundraising campaign. Preliminary calculations suggest FAW will emerge as GAC's second-largest shareholder upon completion.
IT Home: Huawei and Seres are set to adjust their "Huawei Intelligent Selection" partnership this week, shifting to an asset-light model. Roles in product, marketing, sales, and service will transition from "Huawei-led" to "Seres-led, Huawei-empowered." The news sparked immediate online buzz, followed by rumors that AITO would spin off as an independent sub-brand. Other unverified claims suggested a reshuffle of duties: Huawei Consumer BG CEO He Gang hosting Harmony Intelligent Mobility Alliance events, Executive Director Yu Chengdong taking charge of the Zunjie and AITO brands, and Product Director Peng Lei overseeing the remaining three marques, while Wang Yanmin would manage the sub-brands. When asked about these rumors, Peng Lei was quick to dismiss them: "Rumors are baseless."
Jiemian News: Yu Dongming, general manager of NIO Anhui, recently announced that Firefly has surpassed 10,000 cumulative battery swaps, with services now spanning 33 cities and 42 stations nationwide. As the only premium compact EV currently supporting battery swapping, Firefly offers a three-minute full recharge. It features automatic docking and one-touch activation inside the cabin, allowing drivers to swap without leaving their seats. The process also includes a comprehensive health check of the battery pack.
Gasgoo: Porsche recently delivered its one-millionth new car in mainland China during its "Sports Car Together Day" event at the Shanghai Porsche Experience Center. More than 1,200 enthusiasts and over 400 vehicles—including various GT models—gathered to witness the milestone. The German automaker entered the Chinese market in 2001, taking 25 years to reach the million-delivery mark.
Supply Chain News
Jiemian News: Financial results for the first half of 2026 show CATL generated roughly 43.3 billion yuan in net profit—averaging 240 million yuan per day. In contrast, 15 listed automakers across the A-share and Hong Kong markets generated a combined profit of only about 20.4 billion yuan during the same period, less than half of CATL's earnings. Compared to last year, when those 15 automakers posted a combined profit of 35.131 billion yuan, profits fell by 14 billion yuan in just a year. The industry is clearly seeing revenue growth without a corresponding rise in profitability.
Gasgoo: Hesai Technology and JD Group announced a new strategic partnership at the recent JDDiscovery-2026 global technology explorer conference. The two parties will deepen collaboration on the application of physical AI scenarios.
Gasgoo: Nanjing Chuhang Technology recently announced it has secured a production nomination for its 4D imaging radar solution from a leading domestic NEV startup. Chuhang will provide a complete hardware and software package to support the intelligent driver-assistance system in the automaker's new mass-produced model.
Gasgoo: SMEC recently signed a strategic agreement with Jilin University to jointly develop smart chassis chips. The partnership also marked the official unveiling of the "Chassis Chip Joint Development Laboratory." This collaboration aims to bridge the gap between industrial platforms and cutting-edge research, exploring new possibilities for the evolution of automotive intelligence.
Gasgoo: Forvia, the French automotive supplier, is considering selling its Clarion Electronics business to reduce debt and streamline operations, according to sources familiar with the matter. Forvia is currently working with an advisory firm to evaluate options for the Saitama, Japan-based unit. The sources requested anonymity because the discussions are private. Potential buyers reportedly include domestic Japanese firms and other strategic investors in Asia. The assessment is still in the early stages and may not necessarily result in a transaction. A Forvia spokesperson declined to comment on the report.
Industrial Economy
Cailian Press: Maintaining stability in the auto market is crucial for economic development, said Zhang Yongwei, chairman of the China EV 100 Institute, at a media briefing for the 2027 forum. He argued that annual sales must be sustained at 35 million to 40 million units during the "15th Five-Year Plan" period. This includes 25 million units for the domestic market to secure internal circulation, while exports and overseas production should shift focus from speed to quality, targeting 10 million to 15 million units annually. China EV 100 forecasts that overall auto sales in 2026 will dip 3% to roughly 33.4 million—still above 2024 levels—while new-energy vehicle sales are expected to hit 18.4 million, a 12% year-on-year increase, with a penetration rate of about 55%. The group added that the Chinese auto market will enter a recovery phase in 2027.
Cailian Press: Data from the National Bureau of Statistics on Sept 15 showed total retail sales of consumer goods reached 32.76 trillion yuan for the first eight months of the year, up 1.1% year-on-year. Excluding automobiles, retail sales rose 2.7% to 30.18 trillion yuan. In August alone, total retail sales climbed 0.4% to 3.98 trillion yuan, while sales excluding auto increased 2.5% to 3.65 trillion yuan.
Gasgoo: The China Automotive Power Battery Alliance recently released monthly data for August 2026. Production of power and storage batteries hit 237.0 GWh for the month—an 8.8% increase from July and a 69.8% jump from a year earlier. Cumulative output for the first eight months reached 1,523.9 GWh, up 57.0% year-on-year. On the installation front, domestic power battery installations came in at 79 GWh in August, a 26.3% annual rise, indicating robust growth on both the supply and demand sides.
Policy Situation
Cailian Press: The Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "15th Five-Year Plan for the Development of the Electronic Information Manufacturing Industry" on Sept 15. The plan emphasizes consolidating the energy electronics sector and promoting the coordinated development of technologies in photovoltaics, energy storage, terminals, and information systems. It calls for further upgrades in high-efficiency crystalline silicon solar cells and the development of next-generation technologies like perovskite tandem cells, along with smart operation and maintenance for PV systems. The document also highlights the need to boost innovation across the new battery supply chain. It aims to solidify the lead in lithium batteries while advancing the industrialization of solid-state, sodium-ion, flow, and fuel batteries. The plan encourages the smarter, greener, and integrated development of new batteries, supporting their application in smart terminals, new energy vehicles, ships, aviation, robotics, construction machinery, and agricultural equipment. Additionally, it urges faster R&D in power electronics to improve the supply of core components and enhance the integration and control of energy storage systems.
