OEM Trends | Automaker News
IT Home: On February 13, VOYAH announced in a filing to the Hong Kong Stock Exchange that it has applied for approval to list and trade approximately 885.38 million H-shares. Trading is expected to commence on the exchange at 9:00 a.m. on March 19, 2026.
Gasgoo: On February 13, Xiaomi EV announced that cumulative deliveries have topped 600,000 units since launches began on April 3, 2024. For the full year of 2025, the company delivered over 410,000 vehicles—including more than 50,000 in December alone—while January 2026 deliveries reached 39,000 units.
Gasgoo: On February 13, Great Wall Motor issued a statement pledging firm support for the "Compliance Guidelines for Pricing Behavior in the Automotive Industry" (the "Guidelines"), aiming to contribute to the healthy development of China's auto sector. Under the Guidelines' framework, Great Wall Motor vows to maintain legal and ethical operations across vehicle and parts production, pricing, and sales. Besides Great Wall, Xiaomi EV also released a statement backing the Guidelines.
IT Home: GAC Trumpchi officially released a teaser poster for its new hardcore off-roader and simultaneously launched a global naming campaign, running from now through March 15. The teaser scenes suggest the new model can handle diverse environments—from deserts and frozen tundras to city streets—demonstrating strong all-scenario adaptability. It is positioned to cover off-road expeditions, outdoor adventures, daily commutes, and family outings.
Mydrivers: Mercedes-Benz Group recently released its 2025 performance data. Hit by U.S. tariff costs and fierce competition in China, the company posted its lowest annual profit since the pandemic began. The group revenue for 2025 stood at 132.2 billion euros, down 9% from the previous year, while earnings before interest and taxes (EBIT) fell 57% to 5.82 billion euros. The company anticipates a similarly tough market in 2026, with revenue expected to hold steady at last year's 132.2 billion euro level. Thanks to the absence of one-off restructuring charges, core profit is forecast to rise significantly above 2025 figures. However, for its core passenger car business, Mercedes expects a profit margin between 3% and 5% this year—down from the 5% achieved in the current year.
Supply Chain News | Component Makers
Gasgoo: EVE Energy recently held a ceremony in Jingmen, Hubei, to mark the opening of Zone 0 at its Jingmen Research Institute and the inauguration of the Longquan Laboratory. Jointly built by EVE Energy with several universities and supply chain partners, the laboratory covers a planned area of 252 mu. Construction is proceeding in two phases, with the first phase now fully operational.
Industrial Economy Focus
Jiemian: On February 13, the China Automobile Dealers Association released its January 2026 "Automobile Dealer Inventory" survey results: The comprehensive inventory coefficient for dealers stood at 1.48 in January, up 13.0% month-on-month and 5.7% year-on-year.
CLS: According to the China Automobile Dealers Association, the national used car market traded 1.7292 million units in January 2025, a volume that slipped 7.59% from the previous month but surged 18.33% year-on-year, with a transaction value of 110.612 billion yuan. In January, the model mix showed significant divergence, with both passenger and commercial vehicle markets outperforming previous levels. Sales of standard passenger cars grew steadily with notable annual gains, while SUV transaction volumes climbed sharply, highlighting sustained market vitality. Demand for MPVs continued to heat up, posting clear year-on-year growth and becoming a key driver of market expansion. Activity in crossover passenger vehicles also picked up, showing steady annual growth.
Gasgoo: The Lithium Branch of the China Non-Ferrous Metals Industry Association recently released the lithium industry's operating status for January 2026. Driven by policy expectations and adjustments in supply and demand, lithium carbonate prices saw significant gains during the month, while market trading activity picked up and the spread between futures and spot prices widened. Data shows domestic lithium carbonate followed an upward oscillating curve in January. Spot prices for battery-grade lithium carbonate climbed from 119,000 yuan per ton at the start of the month to 152,500 yuan by the end—a monthly increase of 28.15%. Industrial-grade lithium carbonate rose from 118,000 yuan to 149,500 yuan per ton, up 26.69%.
Gasgoo: On February 13, Mirattery announced the completion of a C3-round equity financing worth 1 billion yuan, bringing total funds raised in the Series C round to nearly 2 billion yuan. Proceeds from this round will primarily fund deployments in battery asset management, as well as R&D and resource recycling. The capital is aimed at continuously elevating Mirattery's battery asset management services, bolstering its R&D and financial strength, and accelerating the industrialization of research achievements.
Policy Updates
Fast Tech: The Ministry of Industry and Information Technology (MIIT) recently released the draft for approval of the mandatory national standard GB 11557-202X, "Regulation for the Protection of Drivers Against Injury From Steering Mechanisms," which is slated to take effect on January 1, 2027. Unlike the earlier exposure draft, the new version removes all technical content related to yoke-style steering wheels, including definitions, test methods, and adaptation rules. This implies that yoke steering designs will not receive positive support from national standards in the near term. The new rules significantly tighten requirements compared to the 2011 version: the horizontal force limit for the human module test has been lowered to 11,110 N to align with UN R12 regulations, exemptions for body impact tests have been scrapped, and new checks for "hooking" risks in steering mechanisms have been added.
CLS: The Shenzhen Municipal Bureau of Industry and Information Technology recently issued the "Shenzhen 'AI+' Advanced Manufacturing Action Plan (2026–2027)." The plan proposes launching pilot applications for "vehicle-road-cloud integration" in intelligent connected vehicles and intensifying AI empowerment across the entire "smart manufacturing + smart driving" automotive chain. regarding collaborative design, the initiative calls for intelligent management of classified component resources and recommendations for optimal parts. By leveraging AI algorithms, the plan aims to enable automatic matching and cleaning of material attributes in simulations and achieve high-precision meshing, thereby boosting corporate R&D efficiency.
Personnel Changes | Executive Moves
Jiamian: Tianqi Lithium announced on February 13 that its board had received a written resignation report from Deputy General Manager Li Guo. Li applied to step down due to personal career planning and will not hold any position in the company, its subsidiaries, or its joint ventures following his departure. According to the Company Law and Articles of Association, Li's resignation will not affect normal operations and is effective immediately upon receipt by the board.
LatePost: Li Auto senior autonomous driving algorithm expert Zhan Yifei is set to become the head of the company's humanoid robotics division, reporting to Ma Donghui, head of the Smart Vehicle Group. Two weeks ago, Li Auto established the new division and appointed former senior vice president of autonomous driving R&D, Lang Xianpeng, as its lead; at that time, Zhan also transferred from the autonomous driving unit. It is understood that Li Auto's robotics team has already built out preliminary software and hardware technologies. Since the new team was assembled in January, Lang and Zhan have been traveling frequently to meet industry players and gauge the sector's dynamics.
Gasgoo: Changan Automobile recently released an announcement disclosing high-level personnel adjustments. The filing stated that Director, Chief Accountant, and Board Secretary Zhang Deyong has resigned from all his posts due to work changes and will no longer hold any position at the company. At the same time, Changan Automobile swiftly named a successor. The announcement confirmed that Ni Erke has been appointed Chief Accountant and Board Secretary, and has been nominated as a candidate for director.
