OEM News
Xiaomi EV is set to host a technical launch event at 7 p.m. on July 30 (this Thursday), where it will unveil the "Xiaomi Kunlun Technology Architecture." Comprising the Kunlun Platform, Kunlun Super Range Extender, and Kunlun Global Safety, the architecture forms the core of the new lineup. Two intelligent, space-flexible SUVs will make their debut during the event: the Xiaomi Skynomad N90 Max and N70 Max.
On July 27, Li Auto's product line head, Li Xinyang, provided an update on the mass production of the Li Auto i6. A brief supply hiccup with headlights in mid-to-late July cut output by roughly 4,000 units compared to the original plan. Headlight supplies and vehicle assembly have since returned to normal, and Li Auto is working with supply chain partners to accelerate production and ensure delivery timelines for existing orders remain intact.
On July 27, XPENG officially unveiled its long-term strategy for Australia. Following a recent launch event in Melbourne, the company announced it will introduce five new models in the country over the next six months while simultaneously expanding its local sales and service network.
On July 27, the Nanning Qingxiu District People's Court opened bidding on Alibaba's judicial auction platform for the full suite of production machinery at Neta Auto's Nanning base. The auction covers 467 pieces of vehicle manufacturing equipment with an assessed value and starting price of 60.31 million yuan. As of the initial opening, no bidders had registered. The equipment belongs to two Nanning project companies under Hozon New Energy and includes stamping lines, assembly robots, and vehicle inspection lines. The sale stems from multiple debt enforcement cases. Hozon New Energy entered bankruptcy reorganization in June 2025, with over 1,000 creditors filing claims totaling 26.58 billion yuan. Only the automaker's machinery is being sold; the land and plant rights remain with a local platform under Nanning's state-owned assets.
Supply Chain News
On July 27, LG Innotek reported second-quarter net profit of 169.67 billion won, beating market expectations of 136.82 billion won. Note: LG Innotek, a listed core electronic components unit of the LG Group, specializes in mobile and automotive camera modules, FC-BGA semiconductor substrates, and automotive electronics. It is also a key supplier of camera modules for Apple.
On July 27, CATARC Automotive Test Center stated during an institutional survey that the Ningbo Proving Ground project is funded by Ningbo Haichuang Automotive Technology, a subsidiary of the Ningbo Hangzhou Bay New Area. The company is participating in the project through a capital increase in Ningbo Xinwan Intelligent Technology Service to operate the facility. Currently under construction, the proving ground is scheduled for completion and operation in 2029. Once operational, CATARC will deploy a management team to handle daily operations.
On July 27, Momenta announced that its Robovan business has launched in Suzhou's Xiangcheng district. This marks the latest expansion of Momenta's world model from passenger vehicles to unmanned delivery scenarios, following its listing on the Hong Kong stock exchange earlier this month as the "first Physical AI stock." The Momenta Robovan utilizes autonomous technology built on the company's proprietary R7 world model and meets automotive-grade standards.
Recently, Tianqi Lithium Corporation announced that its wholly-owned subsidiary, Tianqi Lithium (Shehong), plans to subscribe to 79.22 million new shares in Sunwoda Power Technology using 150 million yuan in own funds. Upon completion of the transaction, Shehong Tianqi is expected to hold a 0.55% stake in Sunwoda Power.
Freetech recently announced that its "Fuxing" forward-facing integrated solution has been selected for a mass-production project by a major international automaker. The related vehicle platform is expected to enter volume production in 2027. The solution is based on the Ouye LQ560 V200 PLUS chip and supports flexible sensor configurations ranging from 2V5R to 1VnR, meeting the requirements for L2-level combined driving assistance features and automatic emergency braking regulations.
Industrial Focus
On July 27, Cui Dongshu, a senior official at the China Passenger Car Association (CPCA), wrote that the auto industry generated 5.19 trillion yuan in revenue in the first half of 2026, up 1.8% year-on-year; costs rose 2.8% to 4.61 trillion yuan, while profits fell 20% to 195.4 billion yuan. The industry's profit margin stood at 3.8%, remaining below the 6.5% average for downstream industrial sectors.
CLs: On July 27, two Chinese-made car carriers capable of transporting 10,000 vehicles—the Panamanian-flagged Glovis Pioneer and the Maltese-flagged Glovis Nova—docked simultaneously at Shanghai Nangang Terminal on the 26th. The vessels are loading domestic vehicles for export overseas. The newly delivered Glovis Nova completed loading 7,738 new energy vehicles, setting a new record for the highest volume of commercial vehicles loaded in a single voyage at a Chinese port.
On July 27, the A-share market witnessed a historic IPO moment as domestic memory giant Changxin Memory Technologies (CXMT) officially listed on the STAR Market, marking the largest IPO in the board's history. With an issue price of 8.66 yuan per share, the company raised approximately 57.9 billion yuan prior to the exercise of the over-allotment option. Full exercise brings total proceeds to 66.6 billion yuan, setting a new fundraising record for the STAR Market.
Latest data from the Ministry of Commerce shows that the consumer goods trade-in policy has driven over 1.25 trillion yuan in sales so far this year, benefiting 169 million people. Green products are in high demand. Notably, the share of new energy vehicles benefiting from trade-in subsidies has gradually risen, reaching 65.4% in June. Smart consumption is also accelerating. Sales of digital and smart products climbed 13.4% year-on-year in the first six months, with a 32.0% surge in June alone. Smart glasses have emerged as a new hotspot, driving growth in emerging industries.
Policy Updates
Gasgoo: The U.S. recently announced it will impose new tariffs of 10% to 12.5% on imports from 60 trading partners, including the EU and China. Washington claims the relevant nations have failed to curb the flow of goods made with "forced labor" through their supply chains. The move coincides with the expiration of a previous temporary 10% global tariff.
