OEM Trend
Gasgoo: General Motors issued a statement on Feb. 11 emphasizing that it adheres to principles of fairness and non-discrimination, ensuring suppliers aren't excluded based on nationality. The company bases its selection on core commercial factors—total cost, technical capability, supply stability, product quality, and regulatory compliance—to maintain professional and rational sourcing. China remains a cornerstone of GM’s global strategy, with plans to further expand local operations. Thanks to long-term partnerships with domestic vendors, GM’s localization rate in China now exceeds 95%, forming a robust local supply chain system.
Interface News: Zotye Auto has dismissed rumors that it will manufacture Tesla’s Cybercab. Responding to investors on Feb. 11 who asked about a reported partnership with investment firm BBK to assemble the vehicle, Zotye stated on an interactive platform that it currently has no such plans.
Gasgoo: Faraday Future (FF) announced on Feb. 11 that it has signed a series of upgrade agreements with bridge strategy partner Hebei Universal Automotive Sales Co. to advance the FX Super One EV in the U.S. market. The collaboration focuses on compliance certification, mass production, and delivery. Seven agreements were signed, covering critical areas such as production parts procurement, engineering services, and IP licensing. These terms define the scope of engineering support, IP ownership, and after-sales systems, with the bridge partner providing technical backing through the production phase and beyond.
Gasgoo: Xiaomi founder, chairman, and CEO Lei Jun took to Weibo on Feb. 11 to share a milestone. "We ran the numbers," he wrote. "In less than two years—from April 2024 to February 2026—total deliveries of the first-generation SU7 topped 381,000 units."
Interface News: Stellantis is reportedly seeking to exit its U.S. battery joint venture with Samsung SDI, according to a Feb. 11 report. The automaker, which recently announced more than 22 billion euros ($260 billion) in write-downs, is retreating from EV investments to conserve cash. While no final decision has been made, Stellantis confirmed it is holding cooperative discussions with Samsung regarding the future of the StarPlus Energy venture.
Cailianshe: Ford Motor’s fourth-quarter revenue slipped 4.8% to $45.9 billion. Adjusted earnings before interest and taxes plunged 51% to $1.04 billion, missing analyst estimates of $1.16 billion. Adjusted earnings per share came in at $0.13—down from $0.39 a year earlier and short of the $0.18 projection.
Supply Chain News
Gasgoo: CalmCar announced on Feb. 11 that it has partnered with a major Shanghai-based automotive group to provide intelligent driving domain controllers powered by Horizon Robotics’ J6B Plus chip. The solution will be deployed across four domestic models and one overseas model. Designed to meet the latest L2 assisted driving regulations in major global markets, it integrates core functions such as driving assistance and memory parking.
Gasgoo: ECARX announced that its planned $100 million convertible bond offering—pursuant to a purchase agreement signed on Nov. 3, 2025—was fully subscribed on Feb. 9, 2026.
Gasgoo: Amow recently celebrated a milestone at its Jingyue plant in Changchun, marking the 200,000th unit of its next-generation software-defined vehicle (SDV) product. The event coincided with the launch of a new production line.
Gasgoo: Valeo Thermal Systems has officially inaugurated its Global Innovation Center in the Jingzhou Economic and Technological Development Zone—a strategic move to deepen its R&D footprint in China and serve global markets. Upgraded from Valeo’s China Thermal Systems R&D Center, the facility will focus on developing standard thermal products, with a deep emphasis on innovations in cabin comfort and engine thermal management. The center aims to boost design capabilities and respond more nimbly to technological shifts in the global auto industry.
Industrial Economy
Caixin: China’s auto sector held steady in January 2026, according to data released by the China Association of Automobile Manufacturers (CAAM) on Feb. 11. Production and sales came in at 2.45 million and 2.346 million units respectively. Production was essentially flat year-on-year, edging up 0.01%, while sales dipped 3.2%. The new energy vehicle (NEV) market remained resilient, with production and sales climbing 2.5% and 0.1% to 1.041 million and 945,000 units. Commercial vehicles continued their upward trend, posting double-digit growth. Exports also expanded, led by NEVs which surged 100% to 302,000 units.
Gasgoo: AGILINK has secured a new funding round worth hundreds of millions of yuan. A leading internet giant led the round, with participation from top-tier investors like BV Baidu Ventures and Yunfeng Capital. Industrial backers included Synstellation Capital, Joyson Electronics, Longcheer, and SAIC Financial Holding, while financial institutions such as C Capital, Wufu Capital, and Muha Sci-Tech Innovation also came on board. Existing investors BlueRun Ventures and Hillhouse Capital increased their stakes significantly.
Gasgoo: Embodied AI robotics startup Xinghaitu has closed a 1 billion yuan Series B funding round. The round attracted capital from industry players like Jinding Capital, BAIC Industrial Investment, and Bihong Investment, as well as institutional investors including Zhengxin Valley Capital, Qianhai Fangzhou, and Ince Capital. Existing backers Cathay Capital, Meituan Longzhu, Capital Today, Xianghe Capital, and Hillhouse Venture all participated with substantial additional commitments.
Policy Situation
Caixin: Wang Fang, chief scientist at the China Automotive Technology and Research Center (CATC), revealed at a recent industry conference that the draft for the national standard "Solid-state batteries for electric vehicles Part 1: Terminology and classification" was completed in December 2025. The public consultation period runs through Feb. 28, 2026. CATC plans to conduct validation testing between January and February to refine test methods and metrics. The standard is expected to undergo review and approval in April 2026, with an official release slated for July. It will clarify definitions for liquid batteries, hybrid solid-liquid (semi-solid) batteries, and all-solid-state batteries.
