However, Li Auto employees are more eager to see statements on how to reverse weak sales.
Li Auto will launch humanoid robots and unveil them as soon as possible.
Category: CnEVPost
Porsche plans to reduce its dealerships in China by 30% in 2026
Porsche aims to cut its dealership network in China from 114 outlets to 80 in 2026.
Porsche is currently evaluating multiple Chinese smart driving solution providers and conducting relevant research.
Smart #2 prototype concept car to debut at April Beijing auto show
The production version of the two-seat Smart #2 mini EV will be launched within 2026.
Smart first mentioned the Smart #2 in September 2025 as the successor to its ForTwo model.
Tesla rolls out insurance subsidy for Model 3 in China amid beefed-up promotion
Chinese customers purchasing a Model 3 on or before February 28 are eligible for an insurance subsidy of RMB 8,000 ($1,150).
The latest insurance subsidy follows Tesla’s introduction of a 7-year low-interest financing plan for vehicle purchases in China on January 6.
BYD aims for 1.3 million overseas sales in 2026
BYD targets 1.3 million overseas vehicle sales in 2026, representing about 24% growth.
BYD exported about 1.05 million NEVs in 2025, a 150% increase year-on-year.
China not about to approve Tesla FSD soon, state media report says
A Chinese government source indicated that China will not approve Tesla’s FSD soon, dashing Elon Musk’s expectations.
Musk said on Thursday that he expects FSD to receive approval in China next month.
Chery to take over Nissan plant in South Africa
Chery South Africa will acquire the land, buildings, and related assets of the Nissan plant by mid-year.
Chery has demonstrated strong performance in the South African market, currently selling over 2,000 new vehicles monthly in the country.
Nio Onvo launches new higher-priced special edition variants for L90
Onvo has launched new special edition variants for its L90 large SUV to celebrate the upcoming Chinese Year of the Horse, following a similar move for the L60.
The new variants come standard with exclusive horse-themed interior and exterior styling packages, with display vehicles now available at Onvo showrooms.
China builds world’s largest car carrier capable of transporting 10,800 cars
A 10,800-car ship built by Guangzhou Shipyard International for a South Korean company has left the dock.
Previously, the largest car carriers were Anji Logistics’ two vessels with 9,500 car capacity.
Geely to complete production of its 1st all-solid-state battery pack this year
Geely Auto will complete production of its first in-house developed all-solid-state battery pack in 2026 and conduct vehicle installation verification.
Several Chinese automakers are already testing prototype vehicles equipped with solid-state batteries.
Short interest in Li Auto surges to record high as firm remains heavily targeted by short sellers
Li Auto has been the most heavily shorted Chinese automaker since last September.
As of Wednesday, short positions in Li Auto’s Hong Kong-listed shares had climbed to 9.6% of free float, hitting a record high.
CATL expects to begin fitting sodium-ion batteries in passenger cars in Q2
The first passenger vehicle model equipped with CATL’s sodium-ion batteries will come from GAC Aion.
CATL’s sodium-ion battery for light commercial vehicles has completed winter testing in JAC models and will enter mass production in July.
Musk expects Tesla FSD to gain approval in China next month
Musk anticipates Tesla’s FSD will receive approval in China next month, echoing the timeline he mentioned last November.
Starting February 14, the one-time payment buyout for FSD will be discontinued globally, transitioning entirely to a monthly subscription model.
Musk expects Tesla FSD to gain approval in China next month
Musk anticipates Tesla’s FSD will receive approval in China next month, echoing the timeline he mentioned last November.
Starting February 14, the one-time payment buyout for FSD will be discontinued globally, transitioning entirely to a monthly subscription model.
CPCA estimates China Jan NEV retail at 800,000, up 7.5% year-on-year but down 40% sequentially
January’s NEV penetration rate fell to 44.4%, with CPCA anticipating this will mark a cyclical low point.
The CPCA projects China’s overall passenger vehicle retail sales for January to total about 1.8 million units, a 0.36% year-on-year increase but a 20.4% decline from December.
Li Auto to close some stores as part of efficiency drive, report says
Most of the stores slated for closure were opened during Li Auto’s previous aggressive expansion phase.
Li Auto is currently evaluating the move, and the exact number of stores to be closed remains unclear.
Geely’s ride-hailing unit Cao Cao Mobility aims to deploy 100,000 robotaxis by 2030
Cao Cao has begun pilot operations of its second-generation robotaxis.
Cao Cao will unveil a custom robotaxi model pre-installed with proprietary autonomous driving suite this year.
Abu Dhabi merges CYVN’s stake in Nio into new state-owned fund L’imad
A filing with the US SEC earlier this month showed L’imad holds a 17.9% stake in Nio.
CYVN Holdings LLC has been transferred to L’imad, whose board chairman is the Crown Prince of Abu Dhabi.
CATL launches 1st sodium-ion battery for light commercial vehicles
The sodium-ion battery is engineered for extreme cold environments, retaining 90% of its usable capacity at -40°C, CATL said.
The sodium battery pack has a capacity of 45 kWh and targets use in light trucks and micro-trucks.
Geely Holding targets 6.5 million global sales by 2030
Geely Holding aims for sales outside China to contribute over one-third of its total by 2030, with global revenue exceeding RMB 1 trillion ($144 billion).
For the full year 2025, Geely Holding’s sales reached 4.12 million units, a 26% year-on-year increase.
