All articles tagged with #china auto industry
July 2026 deliveries of new energy vehicles in China were mixed: BYD led with 419,211 NEVs, followed by Chery Group (276,820) and Geely Auto (250,161); several major players (Nio, Xpeng, Li Auto) fell month-on-month, while Leapmotor and Zeekr hit new monthly highs. Huawei HIMA and Xiaomi EV delivered more subdued counts, and CPCA forecast a slight NEV retail dip for July amid seasonal slowdown.
BYD's shares dropped nearly 8% after a 30% decline in quarterly profit due to intense price competition in China's EV market, despite revenue growth and expanding overseas sales, as the company navigates a challenging industry environment and global expansion.
China's auto industry association corrected a report claiming the Ministry of Industry and Information Technology planned to ban resale of new cars within six months, clarifying that the regulation aims to manage zero-mileage used cars without specifying a ban, amidst ongoing industry concerns over aggressive sales practices.