Xiaomi EV delivered 20,414 cars in February, with the YU7 SUV contributing nearly 98% of total deliveries.
The company advanced the launch of its revamped SU7 sedan to March to maintain momentum in China’s fiercely competitive market.
Author: cnevpost
BYD weighs Canada plant, legacy automaker buyout amid global push
BYD is exploring building a plant in Canada and remains open to potential deals to acquire global rivals.
In January, Canada agreed to exempt up to 49,000 Chinese-built EVs annually from a 100% tariff.
Top battery makers’ China share in Feb 2026: CATL 49.10%, BYD 13.56%
Both CATL and BYD saw their shares in the overall market decline in February, as smaller rivals gained ground.
LG Energy Solution’s share in the ternary battery market surged significantly by 21.72 percentage points in February compared to January.
Xiaomi moves up new SU7 launch to Mar as EV race heats up
Xiaomi CEO announced the revamped SU7 sedan will be launched this month, earlier than the previously planned April.
Xiaomi is fully committed to the production preparation of the revamped SU7, with large-scale deliveries to begin after the launch.
Li Auto plans to launch i9 flagship electric SUV in H2
Li Auto will launch the new i9 pure electric flagship SUV in the second half of this year to enrich its BEV product matrix.
Positioned as the pure electric flagship of the family lineup, the i9 is expected to be physically larger than the existing i8 model.
China Feb EV battery installations drop 24.6% amid holiday lull
China’s February power battery installations dropped 24.6% year-on-year to 26.3 GWh, impacted by the timing of the Chinese New Year holiday.
Despite the slump in installations, total battery production and export volumes continued to show year-on-year growth.
Li Auto sets 20% growth goal for 2026 after challenging year
Li Auto targets a 20% sales increase in 2026, seeking to recover from an 18.8% drop in 2025 deliveries.
Li Auto barely eked out a net profit in the fourth quarter as it revamps its sales network and rolls out new models to fend off competition.
China Feb NEV sales drop 32% as broader auto market weakens, CPCA data shows
Exports of passenger NEVs from China surged 124.7% to 269,000 units, providing a strong bright spot for Chinese automakers.
Retail sales of PHEVs dropped 31.0% year-on-year, marking the eighth consecutive month of year-on-year decline for the category.
Tesla’s China sales rebound in Feb as market share hits nearly 2-year high
Tesla’s retail sales in China surged in February amid broader market weakness, pushing its share in the BEV market to the highest since April 2024.
The Model Y drove the sales recovery, with its retail sales in China surging 215.84% year-on-year to 25,286 units in February.
Li Auto narrowly returns to profit amid plunging vehicle deliveries
Li Auto posted a fourth-quarter net income of 20.2 million yuan, but still recorded an operating loss of 442.6 million yuan.
Total revenue for the fourth quarter plunged 35.0% from the same period in 2024 to 28.8 billion yuan.
Tesla showcases upcoming Gen 3 humanoid robot in China
Tesla showcased its third-generation humanoid robot at AWE 2026 and plans to launch mass production of the product by the end of 2026.
Tesla has set a long-term planned production capacity of 1 million units per year for the robot.
Smart recalls 18,217 EVs in China due to battery fire risk
The move follows a similar recall by its sister brand Zeekr, as well as a recent settlement reached between a Geely subsidiary and a battery supplier.
Smart is recalling a total of more than 18,217 EVs due to potential thermal runaway risks related to the manufacturing consistency of high-voltage power batteries.
Zeron secures fresh capital as China’s electric heavy truck race heats up
Zeron raised 1.2 billion yuan ($175 million) from investors including a CATL-affiliated fund, Nio Capital, and Momenta.
The startup plans to deliver 5,000 trucks in 2026 to achieve break-even and challenge traditional commercial vehicle manufacturers.
Nio adds new color to ES8 SUV to sustain delivery growth
Nio rolled out a 10,000 yuan ($1,450) Nebula Red color option for its flagship ES8 SUV to attract more buyers.
The move follows Nio Inc’s weekly orders hitting a new high for 2026 after aggressive promotions.
Nio’s William Li sees shared tech stack but waits on robotics market
William Li has ruled out an immediate entry into the currently trending robotics industry, focusing instead on selling more cars.
This cautious stance contrasts with Nio’s previous expansions into new ventures including smartphones.
Nio sees EV costs rising on memory chip shortage and metal price rebound
Rising prices of memory chips and raw materials could lead to a cost increase of nearly 10,000 yuan ($1,460) for premium EV models, William Li said.
Despite the pressure on costs, Nio maintains its full-year non-GAAP operating profit target for 2026.
China Feb NEV sales see 1st decline since Mar 2024, while exports double
Domestic NEV sales plunge over 36% year-on-year, dragged by the traditional low season and additional purchase tax costs.
NEV exports surge 115.3% year-on-year, serving as a key engine supporting the broader market.
Nio’s 3rd-gen ES8 sales momentum continues with 80,000th delivery due in late Mar
After the Chinese New Year holiday ended in late February, new orders for the ES8 have recovered well, Nio president said.
Retail sales of the third-generation ES8 reached 11,260 units in February, ranking first in China’s large SUV market for the third consecutive month.
Li Auto CEO considers stock buyback as share price hovers near record lows
If executed, it would mark the first executive share buyback since the company’s secondary listing in Hong Kong in August 2021.
The potential capital market intervention follows a 19% decline in deliveries in 2025, as well as an ongoing exodus of senior management personnel.
Chery begins pre-sales for QQ3 small EV with advanced driver assistance
The pre-sales price of the Chery QQ3 starts at 68,920 yuan ($10,020), with orders reaching 21,957 units in the first 2 hours.
It is equipped with Chery’s Falcon 500 smart driving assistance system, capable of supporting automated parking in over 100 scenarios.
