Multiple Automakers and Suppliers Announce New Products, Investments, and Earnings Updates-Internet Info Agency

On August 3, XPeng officially launched its new mid-to-large SUV, the G9L, positioned as a “global five-seater tech flagship,” with a price range around RMB 300,000. Development of this model began three years ago, aiming to comprehensively benchmark against 99% of vehicles in its segment.

On the same day, Xiaomi Automobile issued clarifications regarding the Pengcheng series models on issues including flat-floor design, ease of entry and exit, long sliding rail maintenance, driving range, and fast charging. Based on the Kunlun platform, the series achieves a completely flat floor across all three rows (rear floor thickness: 298 mm). The N90 Max offers an optional electric running board. The long sliding rails are made of 7-series reinforced aluminum alloy and have undergone multi-temperature environmental testing, requiring no additional maintenance. Some variants achieve a CLTC combined range of up to 1,705 km, and the N90 Max supports adding 285 km of range in just 15 minutes, with over 99% compatibility with public charging stations.

According to disclosures from Alibaba’s judicial auction platform, 467 pieces of automotive manufacturing equipment (covering stamping, final assembly, etc.) belonging to Hozon New Energy’s subsidiary at NETA Auto’s Nanning production base—comprising 438 individual items—have entered their second auction after failing to sell in the first round. The starting bid has been reduced from RMB 603.079 million to RMB 482.463 million, with bidding scheduled to begin on August 12. As of the time of publication, no bidders had registered. The facility was originally planned as a RMB 3.5 billion investment project targeting annual production capacity of 100,000 fully electric vehicles. Hozon New Energy, the parent company, has already been placed under court-supervised restructuring, with confirmed debts amounting to RMB 9.386 billion.

South Korean automaker KG Mobility announced that Chery Automobile has agreed to invest USD 75 million via convertible bonds. If fully converted, Chery would hold approximately a 10% stake. Chery stated that both parties could collaborate globally in areas including shared production capacity, manufacturing, sales channels, and branding.

BYD’s Fangchengbao brand released a teaser video for its upcoming model “Titan 9,” stating, “It won’t be long.” Previously, the general manager of Fangchengbao Business Unit revealed that both the Titan 9 and Fangcheng S will debut in the second half of the year.

GAC Honda announced it will launch five new models over the next two years, including updated hybrid variants and two localized new energy vehicles, leveraging GAC Group’s vehicle platforms, technologies, and county-level sales network.

WeRide has entered into a strategic partnership with Denmark’s GreenMobility to launch a commercial autonomous ride-hailing service in Denmark, marking WeRide’s entry into the Nordic market.

Guoxuan High-Tech forecasts net profit for the first half of 2026 to be between RMB 1.2 billion and RMB 1.55 billion, representing a year-over-year increase of 227.31% to 322.77%. Ganfeng Lithium expects net profit in the same period to reach RMB 3.65 billion to RMB 4.6 billion, turning from losses to profit, with a year-over-year surge of 787.07% to 965.90%.

Eastman Chemical reported Q2 2026 sales revenue of USD 2.513 billion and adjusted diluted earnings per share of USD 1.97, up 10% year-over-year and 15% quarter-over-quarter.

OPmobility reported economic revenue of EUR 5.8 billion for the first half of 2026, reflecting organic growth of 0.4%.

According to data from the China Automobile Dealers Association, the Automotive Dealer Inventory Warning Index stood at 61.1% in July 2026, up 3.9 percentage points both year-over-year and month-over-month. The market is expected to remain in its traditional off-season in August, though back-to-school and graduation-related purchasing demand may drive a modest sales recovery.

Shanghai Wanjie Easy Lease Technology completed its Series B strategic financing round, achieving a post-money valuation exceeding RMB 1 billion, with new strategic investors from the biotech and cultural media sectors joining the round.

ChangXin Memory Technologies increased its registered capital from approximately RMB 23.89 billion to about RMB 31.39 billion, a roughly 31% increase. The company, wholly owned by ChangXin Technology Group, specializes in integrated circuit design and manufacturing.