OEM Trends
Details from China Ministry of Industry and Information Technology (MIIT) filings reveal that Xiaomi's new pure-electric SUV will be named the Xiaomi YU7 GT.
XPENG Chairman He Xiaopeng recently revealed that the XPENG GX is expected to launch in April or May. The new model has already appeared in the 404th batch of the MIIT's "Road Motor Vehicle Manufacturers and Products Announcement." According to the company, this marks XPENG's first flagship large six-seat SUV, measuring 5,265 mm in length, 1,999 mm in width, and 1,800 mm in height, with a wheelbase of 3,115 mm.
AITO has announced a partnership with UAE-based ADM, marking its official entry into the United Arab Emirates market. Through this collaboration, AITO aims to bring its intelligent electric technology to the global stage, looking to engage with more users internationally and drive continuous progress.
Tesla Vice President Grace Tao stated that the company has independently invested in and launched an AI training center in China, specifically tailored for local autonomous driving and AI scenarios. This move facilitates the deployment of Tesla's AI training capabilities within the country. Tao Lin did not disclose the center's computing power, noting only that it is sufficient to meet current demands.
Chery Executive Vice President Li Xueyong recently announced that aviation-grade electromechanical braking (EMB) technology is making its land-vehicle debut. The EXEED EX7 is set to become the world's first mass-produced performance luxury SUV equipped with this cutting-edge technology, with arrival expected in the first quarter.
The United Auto Workers (UAW) website reports that Volkswagen and the UAW officially announced a milestone tentative labor agreement on February 4, 2026. The contract stipulates that all workers at Volkswagen's Chattanooga, Tennessee plant will receive a general wage increase of 20%, alongside substantial bonuses, affordable healthcare, genuine job security, and other benefits.
Supply Chain News
China Logistics Group Automotive Supply Chain Technology Co., Ltd. was officially inaugurated recently. Tianyancha records show the company was established in February 2006, with China Logistics Group Co., Ltd. as the largest shareholder holding a 51% stake. China FAW Group Import & Export Co., Ltd. and China FAW Co., Ltd. hold 40% and 9% stakes, respectively. Notably, China Logistics Group's initial shareholding date is listed as December 29, 2025.
Sunwoda Electronic Co., Ltd. released an announcement regarding a major lawsuit involving its subsidiary and the signing of a settlement agreement. The announcement states that VREMT and Sunwada Power Technology Co., Ltd. have reached a final settlement regarding a previous dispute arising from the execution of a sales contract. VREMT has withdrawn its lawsuit following the settlement's effective date. Both parties signed the agreement through friendly negotiation, demonstrating responsibility to customers and the industry.
Desay SV recently announced that its Vehicle Zone Controller (ZCU) has secured designation contracts from multiple automakers. Centered on the innovative concept of "zone integration," the product achieves a high degree of integration for key automotive electronic functions, providing critical support for the leapfrog upgrade of vehicle electronic and electrical (E/E) architectures.
Regulatory filings indicate that LG Energy Solution will end its joint venture with Stellantis, moving to acquire Stellantis's 49% stake in the NextStar Energy venture. The two companies originally established the joint venture in March 2022.
Industrial Focus
In 2026, the Ministry of Commerce is working with regional and related departments to deepen the consumer trade-in program, focusing on areas like automobiles to optimize policy implementation and unleash consumption potential. Commerce big data shows that as of February 5, 2026, 335,000 subsidy applications for auto trade-ins had been received, driving 53.77 billion yuan in new vehicle sales. This has strongly promoted market development and resource recycling, fostering industrial upgrading and green transformation. In January, the average price of new vehicles involved in trade-ins exceeded 160,000 yuan, a marked increase from the previous year. Nationally, 659,000 end-of-life vehicles were recovered, up 50.2% year-on-year.
Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a report that in December 2025, used car transactions reached 1.87 million units, a 7% increase from November but a 1.5% drop from a year earlier. Transaction value stood at 120.7 billion yuan, up 0.6% year-on-year. For the full year of 2025, cumulative used car sales hit 20.11 million units, a 2.5% annual increase, with a total transaction value of 1.29 trillion yuan, up 0.4%.
Predictions from the State Grid Smart Vehicle Internet Platform suggest an explosive surge in charging volume during the Spring Festival holiday. Daily charging volume is expected to peak at over 34 million kilowatt-hours, a 17% increase from last year. In the critical highway sector, daily charging peaks are also set to exceed 11 million kilowatt-hours, representing a surge of more than 23%.
A recent report by the International Energy Agency (IEA) forecasts that global electricity demand will grow by more than 3.5% annually between now and 2030, with renewables and nuclear power accounting for 50% of the global electricity mix by the end of the decade. The annual report, titled "Electricity 2026," states that power demand growth is projected to be at least 2.5 times faster than overall energy demand growth. Key drivers include rising industrial consumption, the continued adoption of electric vehicles, increased air conditioning use, and growing electricity demands from data centers and artificial intelligence. Emerging and developing economies remain the primary engine for demand growth, while electricity consumption in developed economies is also beginning to rise after a 15-year stagnation.
Policy Updates
Beijing has officially released the "2026 Beijing Auto Trade-in Subsidy Implementation Plan," launching two types of subsidies: "Scrap and Replace" and "Trade-in and Replace." The application system will open on February 9 at 10:00 AM, where eligible consumers can receive subsidies of up to 20,000 yuan. The "Scrap and Replace" program refers to scrapping an old vehicle to purchase a new one. Consumers buying new energy passenger vehicles can receive a subsidy equal to 12% of the new vehicle's sales price, capped at 20,000 yuan. Those purchasing internal combustion engine passenger vehicles with a displacement of 2.0 liters or less are eligible for a subsidy of 10% of the sales price, capped at 15,000 yuan.
