Public charging piles in China ran at 6.51 per cent power utilisation in September 2026, below the 8 to 10 per cent band the industry treats as break-even. More than 80 per cent of charging operators are loss-making, and leading sites have netted as little as RMB 0.04 per kilowatt-hour after depreciation, land rent and … Read more
Gotion High-Tech’s cathode materials subsidiary Runhui brought a 200,000-tonne-per-year plant to full production at the Lujiang high-tech zone in Anhui on 29 October, moving the project into volume operation nine months after construction began. The Lujiang plant reached full production nine months after ground was broken. (Source: Gasgoo) The line uses Gotion’s fourth-generation lithium iron … Read more
Hyundai Motor reported third-quarter operating profit of KRW 2.68 trillion, up 5.5 per cent year on year, with the operating margin up half a point to 5.9 per cent. Favourable exchange rates, cost reduction and a richer mix driven by hybrid sales did the work. Hyundai’s third-quarter operating margin rose to 5.9 per cent even … Read more
Geely Automobile reported third-quarter revenue of RMB 99.0 billion, up 10 per cent year on year, and core net profit attributable to shareholders of RMB 5.21 billion, up 32 per cent. For the first nine months, sales reached 2.2235 million units, revenue RMB 272.6 billion and core net profit RMB 14.9 billion, up 3, 13 … Read more
Valeo now generates RMB 28 billion of annual sales in China, about 15 per cent of group revenue, from 17,000 employees, including 4,300 R&D engineers spread across ten research centres and a further 1,300 engineers dedicated to systems and software. Gu Jianmin, Valeo’s China chief technology officer, set out the group’s two-way innovation loop at … Read more
China exported 8.205 million vehicles in the first three quarters of 2026, up 65.8 per cent year on year, and is on course to pass 10 million for the first time in a calendar year. The more instructive number sits underneath the total: plug-in hybrid exports reached 1.557 million units, roughly two and a half … Read more
Toyota sold 684,903 vehicles in China in the six months from April to September, down 25 per cent year on year and the lowest reading for that period since 2017. Toyota’s China volume fell 25 per cent in the April to September half, its weakest six-month reading since 2017. (Source: Gasgoo) The company attributed the … Read more
The eighth Intelligent Driving Conference and the 2026 Huanxiu Lake Physical AI Industry Development Promotion ran together in Suzhou’s Xiangcheng district on 26 October. The previous session concerned vehicle-road-cloud integration, the export of Chinese driving systems and the commercialisation of driverless fleets. This year the boundary moved past driving entirely. World models, reinforcement learning, on-device … Read more
Zhuoyu Technology released its commercial vehicle assistance system, Pansing, on the evening of 29 October, alongside progress reports on heavy trucks, buses, light trucks and robovans. The system comes in two versions, and the split explains the strategy. Two versions, one architecture PDS 4 runs on the company’s fourth-generation high-comprehension model and above, supports highway … Read more
World models currently arrive in four flavours, and X-Era AI argues each of them fails in a different place. Simulation built on game engines and hand-written physics cannot cover the real range of contact. Video-generative models produce convincing frames without the physical or geometric consistency that control requires. Latent-space prediction is cheap to compute and … Read more