OEM Dynamics | OEM Trend
Gasgoo: On Feb. 9, Lu Fang, chairman of VOYAH Automobile Technology Co., announced on Weibo that the L3-ready VOYAH Titan Black Warrior will officially hit the market in March. According to Lu, the Titan Black Warrior is the first to feature Huawei's top-tier Qiankun ADS four-laser solution. Based on precise environmental perception, it can transmit signals and communicate intent to its surroundings, achieving a comprehensive leap in perception and prediction capabilities. This means it can "see" further, more accurately, and more comprehensively, moving forward with confidence within the scope of system responsibility.
Gasgoo: On Feb. 9, the first mass-produced Bozhi 4X Robotaxi rolled off the assembly line, marking a new phase of strategic cooperation between Pony.ai, Toyota China, and GAC Toyota as they move toward large-scale production and operation. The joint venture formed by the three parties plans to deploy 1,000 Bozhi 4X Robotaxis in China's first-tier cities by 2026 to provide safe, convenient autonomous mobility services.
IT Home: On Feb. 9, Xiaomi's legal department released an update on the collection of information for special aid regarding car owners subjected to cyberattacks: As of Feb. 9, 2,189 individuals have provided relevant evidence, and the department has successfully helped 51 car owners file cases with the court. Xiaomi's legal department emphasized that the internet is not a lawless place and that offline conduct must also comply with the law; both speech and actions have boundaries.
Jiemian: On Feb. 9, regarding whether the LUXEED S7 model will receive a generational update, Zhao Changjiang, executive director and executive vice president of LUXEED Auto, replied in a Weibo comment section: "Yes, but not this year."
Fast Tech: Recently, BYD Executive Vice President He Zhiqi discussed smart driving, stating that BYD's rise to the first tier relies on "persistent hard work." He said, On the road to smart driving, we are the chasers. Making it to the first tier relies on putting in 'persistent hard work,' relying on massive amounts of data, and the day-and-night dedication of our engineering team. He further explained: They pioneered a smart driving test question bank covering over 10,000 scenarios; algorithm engineers spent two weeks camping out at an intersection to tackle a "ghost probe" scenario, training the model until it could predict risks like an experienced veteran.
Gasgoo: Seres Group Co., Ltd. announced the signing of a cooperation agreement with the Chongqing Shapingba District People's Government regarding the strategic restructuring of assets related to its Landian brand, marking a key step in business focus and resource integration. According to the agreement, Seres will spin off its existing Landian-related assets and contribute them as capital to establish an independent target company. Subsequently, the Shapingba District Government will lead the formation or introduction of a limited partnership (or fund), which, together with other external investors and the company's management team, will inject cash into the target company. Upon completion of the capital increase, the equity structure will undergo significant changes: the Shapingba District Government side will hold approximately 33.5% of the target company, becoming the largest single shareholder, while Seres and its designated entities will hold about 32%.
Parts Suppliers | Supply Chain News
Gasgoo: On Feb. 9, LY iTECH's Embodied AI Super Factory, located at the Xiaomi Smart Port in Beijing's Yizhuang, officially commenced operations. This facility is the first embodied AI super factory in the Beijing-Tianjin-Hebei region, focusing on the large-scale manufacturing of intelligent hardware such as humanoid robots. In the factory's roadmap, Yang Xinyu, vice president of LY iTECH and head of Beijing's robotics business, revealed that the base plans to achieve an annual output of 10,000 embodied intelligent robots by 2026, and expects to increase annualcapacity to 500,000 units by 2030.
Gasgoo: On Feb. 9, Zeiss, tesa, Saint-Gobain, and Hyundai Mobis announced the formation of a four-party alliance to provide automakers with a full-process solution for Holographic Windshield Displays (HWD), accelerating the technology's mass production. The alliance plans to start mass production before 2029, with all products meeting automotive-grade standards. This collaboration is non-exclusive, allowing automakers to retain autonomy in supply chain selection.
Gasgoo: On Feb. 9, Minth Group announced in a filing to the Hong Kong Stock Exchange that it has reached a framework agreement on the main terms for establishing a joint venture company in the U.S. with Leader Harmonious. According to the announcement, the JV will focus on the design, manufacturing, and commercial expansion of humanoid robot joint modules in North America. Minth expects that California Minth and Leader Harmonic will hold 60% and 40% of the JV's equity, respectively. The total initial capital contribution for the joint venture is expected to be $10 million (approximately 78 million Hong Kong dollars), to be funded by California Minth and Leader Harmonious according to their initial shareholding ratios.
Gasgoo: Recently, the Leiyu New Materials headquarters project was officially signed and settled in Dianshan Lake. The project plans to establish its headquarters in Dianshan Lake Town with a total investment of 300 million yuan, with an estimated annual output value exceeding 500 million yuan upon reaching full capacity. It is reported that once operational, the project will increase the company's market share in the new materials sector, drive local employment, and promote industrial upgrading. The new factory will achieve automated production lines, boosting efficiency by over 20%, and will fully implement a lean production system from 2027 to 2028 to systematically achieve development goals of quality improvement, cost reduction, and capacity expansion.
Gasgoo: Recently, UNT and Horse Powertrain formally signed a strategic cooperation agreement, making UNT a global strategic supplier for Horse Powertrain. The collaboration focuses on the joint development and supply of core power components for hybrid systems. According to the agreement, the two parties will jointly customize and develop high-performance IGBT and SiC power modules around Horse Powertrain's self-developed super-hybrid DHT system. These modules will directly meet Horse Powertrain's performance requirements for high power output and energy efficiency, aiming to strengthen the market competitiveness of Geely's hybrid models and enhance the synergy of the domestic hybrid core component supply chain.
Gasgoo: Recently, Everwin Precision released an investor relations activity record showing that in 2025, the company's humanoid robot precision components business progressed rapidly, achieving annual revenue of approximately 100 million yuan, primarily from overseas clients; in terms of shipment volume, Everwin Precision delivered approximately 690,000 precision component units for humanoid robots in 2025, with overseas clients accounting for about 80%.
Industrial Focus | Industrial Economy
CLS: Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), wrote that in January 2026, the average price of discounted new energy vehicle models was 253,000 yuan, with an average discount intensity of 38,000 yuan—a reduction level of 14.8%. In January 2026, the average price of discounted internal combustion engine models was 238,000 yuan, with an average discount of 36,000 yuan, reaching a 15% reduction. Overall, the average price of discounted passenger car models in January 2026 was 248,000 yuan, with an average discount of 37,000 yuan, representing a 14.9% price cut.
CLS: UBS issued a research report stating that it has raised its battery sales forecast for CATL for the next two years by 5% to 7%, to a range of 829 to 1,044 GWh, and increased its net profit forecast by 5% to 7%. Based on an unchanged forecast price-to-earnings ratio for 2026, the target price was raised from 640 Hong Kong dollars to 660 Hong Kong dollars, with a "buy" rating. UBS predicts that the cost curve of CATL's Hungary plant will be lower than that of its German plant, and that its operating profit margin in Hungary will largely align with its domestic business, benefiting from European market premiums, highly automated production, and only moderately rising labor costs.
CLS: Goldman Sachs analysts expect that NVIDIA's revenue for the fourth quarter of fiscal 2025 will reach $67.3 billion, with profitability also exceeding market expectations. Multiple catalysts are poised to drive NVIDIA's stock price higher, leading the firm to set a target price of $250—approximately 35% upside from the Feb. 6 closing price. Analysts anticipate that the Rubin GPU will begin shipping in the third quarter of 2026, with significant volume increases in the fourth quarter and beyond, supporting strong growth for the company at least through 2028.
Jiemian: Business registration information from Tianyancha shows that recently, Anhui Ruitou Investment Management Co., Ltd. underwent a change in its business registration, with registered capital increasing from approximately 820 million yuan to about 1.62 billion yuan, an increase of roughly 98%. Established in June 2006, the company has Liang Jinhua as its legal representative and operates in camping ground development, investment, management, and services, hotel project investment, tourism project investment, scenic spot reception services, and exhibition services. Shareholder information indicates that the company is wholly owned by Chery Holding Group
