Gasgoo Daily presents a selection of the latest developments from China's automotive industry. Here are the key stories in this edition.
Geely Holding's Q1-Q3 2026 Sales Exceed 3 Million Vehicles
- On October 15, Geely Holding Group announced record cumulative sales of 3,002,640 vehicles for the first nine months of 2026.
- Q1-Q3 New energy vehicle (NEV) sales reached 1,792,617 units, up 12.6% year on year, with an NEV penetration rate of 59.7%.
- The group's HK-listed subsidiary, Geely Automobile Holdings, sold 2,235,481 vehicles, up 3% year on year. Its NEV sales rose 14% year on year to 1,326,364 units, representing 59.3% of total sales.
- By brand:
- Geely Galaxy sold 877,184 vehicles.
- Geely China Star sold 873,776 vehicles.
- ZEEKR delivered 288,404 vehicles, up 101% year on year.
- Lynk & Co sold 196,117 vehicles, with NEVs accounting for 71.5%.
- Geely Automobile Holdings' exports surged 169% year on year to 797,670 vehicles. NEV exports reached 484,086 units, accounting for 61% of overseas shipments.
Shougang and Chery Develop Steel with 55% Recycled Content
- On October 13, steel jointly developed by Shougang and Chery using 55% recycled material rolled off the production line.
- The material is set to enter mass-production application in the EXEED EX6.
- According to the companies, using one metric ton of recycled steel can reduce carbon dioxide emissions by approximately 1.2 metric tons and iron ore consumption by approximately 1.6 metric tons.
- The material has passed validation for use in key components, including exterior panels and structural parts, while meeting applicable safety and quality standards.
- Chery and Shougang plan to continue cooperating on low-carbon automotive materials, advanced steel products and manufacturing processes.
Black Sesame Technologies Secures Its First AI Server Orders
- Black Sesame Technologies recently signed an AI computing server sales framework contract and a supporting technical cooperation agreement with an unnamed A-share-listed industrial partner.
- The sales contract is valued at approximately 300 million yuan.
- Within one year of signing, the partner is expected to purchase approximately 250 million yuan worth of complete AI computing servers powered by Black Sesame Technologies' high-performance AI chips.
- The agreement represents the first batch of orders for the company's AI computing server business and moves the products from technical validation toward commercial deployment at scale.
- The deal also expands Black Sesame Technologies' business beyond its existing application areas into the AI computing server market.
