The Belt 
BYD’s ultra-luxury sedan has a name. Yangwang, the group’s premium division, will call the car Dingyao, replacing the internal code HU, and the positioning is unambiguous. The model has been in development for three years, according to Hu Xiaoqing, general manager of Yangwang’s sales division, and continues the family’s design language. It is the division’s … Read more
Gotion High-Tech reported third-quarter results on 28 October, and the headline growth rate is less instructive than the shape of the business behind it. Revenue for the first nine months reached RMB 45.44 billion, up 53.98 per cent year on year. Non-recurring net profit, which strips out one-off gains, was RMB 252 million, up 195.54 … Read more
Chinese industrial profit grew 15.5 per cent in the first three quarters of 2026. Profit in car manufacturing fell 22.8 per cent over the same period, one of the steepest declines among major industrial sectors. The two numbers belong in the same sentence because they describe one mechanism. Data cited by Cui Dongshu, secretary-general of … Read more
Toyota is developing a new-generation hybrid system for its multi-pathway vehicle platform, and the engineering choice behind it is more consequential than the fuel economy target. Rather than adapting existing engines for hybrid duty, Toyota has developed the engine, the hybrid system and the power control unit together as a single powertrain. The new family … Read more
BYD’s headcount has passed one million people, a scale no other carmaker has reached and one that reframes how the company’s cost structure should be read. Speaking at the 33rd annual conference of the China Society of Automotive Engineers on 28 October, BYD chairman Wang Chuanfu said group employment had exceeded 1.02 million. About 960,000 … Read more
Sunwoda Power has a new industrial shareholder, and the transaction does two things at once: it hands Xiaomi a seat at the table and it removes the battery unit from its parent’s consolidated accounts. On 30 October, Shenzhen-listed Sunwoda disclosed that its subsidiary Sunwoda Power Technology carried out a C++ round of capital increase. Hanyu … Read more
Smart cockpit penetration in China reached 87.5 per cent of passenger cars in August. Screens and voice assistants are now standard equipment, which means they no longer differentiate anything. The competitive ground has moved to whether the assistant can actually finish a task. Tencent’s TAI agent stack connects the cockpit assistant to WeChat Pay, maps … Read more
Nine Chinese new-energy vehicle brands reported October deliveries on 1 November. Three broke 50,000 units. Five went backwards. The spread between them is now wider than at any point this year. October deliveries split the Chinese EV field into three brands above 50,000 units and five in decline. Source: Chedongxi The leaders Leapmotor delivered 106,100 … Read more
The closest business to cash in China’s embodied-AI chain is not the robot maker. It is the integrator that takes a general-purpose body, fits it to a specific factory, connects it to the customer’s systems and keeps it running. That layer is now being squeezed from above by the people who sell the bodies. Integration … Read more
China accounts for 97 per cent of global humanoid robot shipments. It also has a structural problem that shipments cannot solve: once a general-purpose brain becomes good enough to drive any body that meets a standard interface, the body stops being an asset and starts behaving like a peripheral. Chinese manufacturers hold 97 per cent … Read more