Automaker updates | OEM Trend
Jiemian: SAIC Motor said on January 4 that vehicle sales in December 2025 were 399,400 units, down 17.30% year on year. For all of 2025, cumulative vehicle sales reached 4.5075 million, up 12.32%. New-energy vehicles, for their part, totaled 1.6428 million for the year — a 33.12% gain.
Jiemian: BAIC BluePark disclosed on January 4 that its subsidiary BAIC BJEV produced 35,581 vehicles in December 2025, up 208.84%; sales were 35,205, up 114.56%. From January to December 2025, production totaled 206,284 units, up 127.17%; cumulative sales were 209,576, up 84.06%.
Gasgoo: According to BYD, the second season of CCTV's "China Innovation & Technology Gala" has aired, with the automaker invited back to the show. BYD has assembled a dedicated assisted-driving team of more than 5,000 people and plans to invest over 100 billion yuan in intelligence. As of December 2025, more than 2.5 million vehicles equipped with "God's Eye" are on the road, forming China's largest vehicle–cloud database; its AD system now generates over 150 million kilometers of valid driving data per day across varied road conditions. In AI algorithms, BYD is pushing an "AI agent + world model" approach — using virtual-scene training to handle rare errors and creating an iterative loop spanning data, R&D and deployment.
CLS: Corporate registry data from Tianyancha shows that Dongfeng Honda Engine Co., Ltd. was recently renamed GAC Honda Engine Co., Ltd. Dongfeng Motor Group Co., Ltd., Honda Motor Co., Ltd., and Honda Motor (China) Investment Co., Ltd. have exited the shareholder roster, while GAC Honda Automobile Co., Ltd. was added as the sole shareholder. Registered capital changed from about USD 120 million to roughly 970 million yuan, alongside changes in several executives.
CLS: Tianyancha shows Anhui Shanyi Technology Co., Ltd. was recently established, with legal representative Hu Chuanlin and registered capital of 50 million yuan. The business scope spans industrial design services, professional design, auto parts R&D, engineering and technical research and experimental development, motorcycle and components R&D, machinery R&D, AI application software development, and new-energy vehicle whole-vehicle sales. Equity look-through indicates the company is wholly owned by Anhui Sumeida Technology Co., Ltd., which is a wholly owned subsidiary of Chery Automobile Co., Ltd.
Parts suppliers | Supply Chain News
CLS: On January 4, CATL said that as of December 31, 2025, it had repurchased 15.99 million A-shares via centralized bidding through the Shenzhen Stock Exchange trading system, equal to 0.3628% of its A-share share capital. The highest repurchase price was 317.63 yuan per share and the lowest 231.50 yuan, for a total consideration of 4.386 billion yuan (excluding fees). The company will continue to implement the buyback within the term based on market conditions.
CLS: On January 4, Nexchip said its Phase IV project, with total investment of 35.5 billion yuan, has officially started construction, with the new fab to be located in Hefei Xinzhan. The Phase IV project will build a 12-inch wafer foundry line with capacity of 55,000 wafers per month, targeting 40nm and 28nm processes for CIS, OLED and logic — products that can be widely used in OLED display panels, AI smartphones, AI PCs, smart vehicles and broader AI fields.
Jiemian: HKEX filings show EVE Energy's Hong Kong prospectus has lapsed after six months. In a response on the Shenzhen bourse's interactive platform, EVE Energy said that under Hong Kong rules the A1 prospectus is valid for six months, after which financials and other information must be updated before resubmission. Given current market conditions, the timeline from the first A1 filing typically exceeds six months, making re-filing a routine step. EVE Energy said it will refile as soon as possible in accordance with HKEX listing rules, with no material impact on its overall Hong Kong IPO process.
Gasgoo: Qichacha records show a new smart-driving company, Beijing Zhiyu Technology Co., Ltd., has been established in Beijing. The firm has registered capital of 3 million yuan and was jointly funded by the BAIC Research Institute and Horizon Robotics, with BAIC holding 65% and Horizon 35%. Gasgoo sought comment from Horizon on the new company's strategy and business plan, but no direct response had been received by press time.
Gasgoo: Black Sesame Technologies announced it has completed a strategic controlling acquisition of Eeasy Tech. The transaction combines equity transfer and capital injection; once completed, Black Sesame Technologies will indirectly hold 60% of Eeasy Tech. The deal sets three-year performance targets: from 2026, the core team at Eeasy Tech pledges cumulative revenue of no less than 1.2 billion yuan (including tax) and net profit of no less than 90 million yuan over three consecutive years. The agreement includes incentive and constraint mechanisms to ensure strategic synergy and business growth are effectively delivered.
Industrial Economy | Industrial Economy
Jiemian: Based on customs data compiled by the China Association of Automobile Manufacturers, China exported 818,000 vehicles in November 2025 — down 1.2% month on month but up 49.2% year on year — with export value at USD 13.87 billion, down 3.1% m/m and up 53% y/y. For January–November 2025, vehicle exports totaled 7.331 million, up 25.7%; export value reached USD 125.32 billion, up 16.7%.
IT Home: Benchmark Mineral Intelligence notes that earlier red-hot demand in China has cooled, Europe's growth has slowed, and the U.S. market has shrunk — factors that point to global EV sales rising 13% in 2026 to 24 million, versus an expected 22% increase in 2025.
CLS: Data from South Korea's Ministry of Trade, Industry and Energy show the country's exports will grow 3.8% in 2025 to USD 709.7 billion. Semiconductor exports are set to reach a record USD 173.4 billion, up 22.2% from a year earlier; auto exports are also expected to rise 1.7% to USD 72.0 billion.
Gasgoo: GENISOM AI said it has recently completed multiple financing rounds, raising a cumulative amount in the hundreds of millions of yuan. The latest funding will be directed toward scaling mass production of core products, expanding the new-product lineup, strengthening channel systems, building out the supply chain, and upgrading partner enablement.
Policy Situation | Policy Situation
Jiemian: Shanghai issued "Several Measures on Linking the Yangtze River Delta to Accelerate Building an Advanced Manufacturing Cluster for the Low-Altitude Economy." By 2028, the city aims to grow the core low-altitude economy industry to around 80 billion yuan, form a complete industrial chain for next-generation low-altitude aircraft, establish a national advanced manufacturing cluster for the low-altitude economy, and move toward a 'world eVTOL capital' with clear comparative advantages. The plan also seeks to lift high-end manufacturing capabilities: targeting mainstream technologies, Shanghai will cultivate and attract 10 leading OEMs in eVTOL, industrial-grade drones and new-energy general-aviation aircraft, build batch manufacturing capacity of more than 500 new aircraft, and spur over 20 billion yuan of new investment across the value chain.
