OEM Trend
Cailian Press: On May 24, Tesla China officially renamed "FSD" to "Tesla Assisted Driving," scrubbing the page of FSD branding and any reference to autonomous driving. The product price remains unchanged at 64,000 yuan. Constrained by local regulations, L2 driver-assistance systems in China cannot use misleading terms like "fully automatic" or "autonomous driving," prompting automakers to adjust their terminology. This renaming clarifies that the system falls under the L2 category, requiring constant driver supervision and hands-on control. Previously, Tesla had referred to the feature as "FSD," "FSD Smart Assisted Driving," and "Smart Assisted Driving."
Cailian Press: On May 24, NIO founder, Chairman, and CEO William Li stated that the auto industry has shifted from isolated competition to systemic rivalry. As a critical component of this systemic battle, brand influence is becoming increasingly prominent. Li predicts the new energy vehicle sector is "transitioning from a period of brand chaos to a phase of brand clarification."
IT Home: On May 24, XPENG Vice President "Thomas Electric Train" remarked on Weibo: "XPENG might be the only automaker welcoming Tesla's FSD to China — and I think everyone understands the logic behind that."
IT Home: On May 24, GAC Group Chairman Feng Xingya released a video discussing the deep reasons behind the group's drastic reforms over the past two years. He noted that the industry is currently navigating a profound upheaval defined by the 'superposition of four periods,' where challenges and opportunities coexist. With deep industrial transformation exceeding expectations, rapid technological iteration, reshaping of internal management models, and a full reconstruction of the competitive landscape, multiple changes are converging — and an industry elimination race has already begun.
IT Home: Geely Galaxy announced on May 24 that firm orders for the Xingyue 7 MAX surpassed 10,000 units within 23 hours of launch (as of 0:00 on May 23, 2026). The Geely Galaxy Xingyue 7 series launched this week, upgrading multiple configurations to MAX four-wheel drive based on previous pre-sale arrangements, with a price range of 108,800 to 139,800 yuan.
Fast Tech: Recently, Yu Hao, founder and CEO of Dreame Technology, stated that Dreame Auto is expected to achieve mass production in about a year and a half, prioritizing overseas markets. Dreame Auto has previously unveiled several models, including the Nebula Next series and a flagship SUV featuring suicide doors and a highly futuristic design.
Interface News: SAIC Motor announced that it will deliver to its 100 millionth global user by the end of this month (May), becoming the first automotive group in Chinese history to surpass 100 million units in cumulative production and sales.
Fast Tech: Voyah's large five-seat SUV, the Taishan X8, has launched with five configurations priced between 292,900 and 379,900 yuan. Purchases before June 20 qualify for a 10,000 yuan subsidy, bringing the starting price down to 282,900 yuan and highlighting strong value. Official data shows that firm orders for the vehicle reached 15,000 units within 18 hours of launch, with the top-tier Ultra+ trim accounting for over 60% of orders.
IT Home: Toyota recently announced it will establish a passenger vehicle production line in the Taiwan region to supply the Japanese market. Starting in October, the company will reverse-import two main small vans back to Japan for sale.
Supply Chain News | Supply Chain News
Gasgoo: Recently, Brembo announced it has signed a joint venture agreement with Ningbo Huaxiang Electronic Co., Ltd. The two parties will deepen cooperation around the implementation of Sensify™ in the Chinese market, jointly driving the intelligent transformation of automotive braking technology.
Gasgoo: ROHM Semiconductor recently announced the successful development of a new Electrostatic Discharge (ESD) protection diode series — RESDxVx. Combining industry-leading low dynamic resistance (Rdyn) with ultra-low capacitance, this series is widely suitable for various high-speed data communication applications.
Gasgoo: The AgiBot Southwest Embodied Intelligence Industrial Base and the "1+N" distributed data acquisition and training field were officially inaugurated in the Pidu High-tech Zone. At the event, the first batch of 200 new-generation humanoid robots made in Chengdu — including the Yuanzheng A3, A2, and Lingxi X2 — officially rolled off the production line. This base is Chengdu's first large-scale R&D and manufacturing hub for embodied intelligent robots, featuring production lines for the "Lingxi" and "Yuanzheng" series, with an annual capacity reaching thousands of units.
Industrial Economy
Fast Tech: The China Passenger Car Association (CPCA) recently released market estimates: domestic retail sales of new energy vehicles in May are projected to reach 950,000 units, a 12% increase from April. The overall penetration rate hit approximately 62.5% — a new high — supporting total passenger vehicle retail sales of about 1.52 million units for the month, up nearly 10% month-over-month. The auto market is clearly warming up.
Cailian Press: Data from research firm Dataforce indicates that in April, Chinese electric vehicles accounted for more than 15% of sales in the European market for the first time, demonstrating that European consumer demand for Chinese models remains robust. Notably, sales of pure electric vehicles produced by BYD and Chery more than doubled year-over-year in Europe that month, reaching 38,000 units. Data shows that while Chinese EV sales in Europe were only in the thousands per month in 2021, they surged to capture over 15% market share this April — a staggering rate of growth. The report suggests that Chinese automakers are closing in on a 10% share of the overall European passenger car market.
