OEM Trends
On the first workday of the Year of the Horse, Geely Auto Group CEO Gan Jiayue delivered a Lunar New Year message. Facing intensifying market competition, he urged the company to uphold the right values and resolutely reject vicious internal rivalry. Instead, Geely is committed to a path of sustainable, high-quality growth, fighting a war of technology, quality, brand, service, and corporate ethics, focusing on doing things that are truly valuable to users, the industry, and society. Gan announced that Geely will introduce long-range, ultra-fast-charging 800V platforms to its Galaxy brand, with all Galaxy PHEV models exceeding 200 km of pure electric range. In the first half of this year, Geely will also officially release i-HEV intelligent dual-engine technology. As the world's first hybrid system featuring "AI Cloud Power," it achieves fuel consumption as low as 3 liters per 100 km.
On February 24, the first workday of the Year of the Horse, Xiaomi founder, chairman, and CEO Lei Jun announced a new color for the upcoming SU7: Crimson Red. Channel deployment for the new SU7 is proceeding steadily. The first batch of display cars arrived at stores on February 13 across seven cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, covering 30 locations. Beijing and Shanghai have five each, while Guangzhou and Shenzhen have four each. A second batch of 30 stores is set to open gradually starting February 25, with the new car officially launching in April 2026.
On February 24, Qiao Xinyu, deputy general manager of Arcfox's user operations center, announced that the all-new Arcfox Alpha S5 will launch in mid-to-late March, with pre-sales opening in early March.
On February 24, Li Auto joined the EU-China Chamber of Commerce as a member and became part of its Automotive Working Group. The decision was unanimously approved by the chamber's board. Public information shows the EU-China Chamber is headquartered in Brussels, near key EU decision-making bodies, and currently represents over 1,000 Chinese enterprises, serving as a bridge for China-EU economic and trade cooperation.
On February 24, Changan Automobile stated on an investor interaction platform that its solid-state battery project is proceeding on schedule. Before the third quarter of this year, Changan's Golden Bell solid-state pack will undergo robot integration and vehicle-mounted verification.
Recently, Tesla's official account released a statement confirming that its AI4 intelligent driving hardware now features a complete failover redundancy architecture. The core logic involves dual compute units running in parallel with continuous bidirectional monitoring; if one system fails, the other takes over seamlessly within milliseconds, ensuring core vehicle functions remain unaffected. This design differs fundamentally from traditional automotive redundancy schemes, breaking through past technical limitations. Tesla's AI4 achieves true full-link isolation: the two chips operate independently not only in computation but also in power management, memory interfaces, communication buses, and physical packaging, eliminating the risk of systemic fault propagation at the source.
Supply Chain News
On February 24, Black Sesame Technologies announced a significant partnership with Automotive intelligence and Control of China. Their joint solution, built on the Huashan A2000 all-scenario autonomous driving chip, successfully secured a smart driving project bid from a leading domestic automaker. This marks the first publicly confirmed mass-production project for the Huashan A2000 since its launch, signaling the chip's transition from technical verification to commercial application.
Recently, Minieye officially announced a strategic partnership with DST Green Tech (Shenzhen) Co., Ltd. and Gecko Motors The three parties will integrate their resources to advance the design, production, and delivery of vehicle-grade autonomous logistics vehicles. They aim to leverage scale to fill market gaps, capture core market share, and achieve key breakthroughs, setting a benchmark for the large-scale deployment of unmanned logistics.
Data from Qichacha shows the recent establishment of Hefei EVE Energy Co., Ltd., with a registered capital of 500 million yuan. Its business scope includes the manufacturing and sales of new energy power equipment and EV electrical accessories. Equity penetration data shows the company is wholly owned by EVE Energy.
Economy
On February 24, data from the China Association of Automobile Manufacturers showed that the top 10 automotive groups sold 1.962 million vehicles in January 2026, accounting for 83.6% of total sales. Among these ten, SAIC Motor, Geely Holding, Dongfeng Motor, GAC Group, and Great Wall Motor saw year-on-year growth to varying degrees, while the others reported declines.
On February 24, the National Energy Administration released statistics based on 53,300 highway charging piles monitored on its national platform. From February 15 to February 23, highway EV charging sessions totaled 6.021 million, with energy consumption reaching 149.77 million kWh, averaging 16.64 million kWh daily—up 52.01% from last year's Spring Festival average and setting a new record.
Recently, Percisphere (Shenzhen) Co., Ltd., a developer of heavy-load all-terrain robots, announced the completion of a 100-million-yuan Series A financing round. Participants included China Creation Ventures and Jiangxi Financial Holding Capital, with follow-on investments from Dayone Capital and Anker Innovations. The funds will be used for core R&D, product commercialization, global expansion, and cross-scenario applications.
Recently, AI² Robotics announced the completion of a Series B round exceeding 1 billion yuan. The Series B round consisted of five tranches; combined with seven previous rounds worth hundreds of millions, the company has closed 12 financing rounds in the past year. Post-financing, AI² Robotics' valuation has surpassed 10 billion yuan.
Tianyancha App shows that Leapmotor Co., Ltd. recently underwent a business registration change, with registered capital increasing from 4.708 billion yuan to 5.558 billion yuan, a rise of about 18%. Zhu Jiangming stepped down as executive director to become a director, and several other executives saw changes. Shareholder information shows the company is wholly owned by Zhejiang Leapmotor Technology Co., Ltd.
Tianyancha App shows that recently, Mirattery underwent a business registration change, with registered capital increasing from approximately 2.24 billion yuan to approximately 2.64 billion yuan, a rise of about 18%. Established in August 2020 and led by legal representative Lai Xiaoming, Mirattery's business operations include EV charging infrastructure, battery leasing, and the recycling and cascade utilization of used EV power batteries.
