The top ten automakers have captured 80% of the market, narrowing the window of opportunity for smaller brands.
The transformation is still ongoing.
Geely Galaxy TT Ultra Opens Pre-sales in China at About $30,900
From 'Capable of Running' to 'Ready for Sale': Automakers’ Robotaxi Strategies Reach the Mass-Production Tipping Point
① SAIC Motor Corporation Limited’s mobility service platform, Shangdao Mobility, officially announced the launch of SAIC’s Robotaxi mass-production customized vehicle project during WAIC 2026. ② Industry insiders view the current Robotaxi sector as being in a transitional phase from 'technology validation' to 'commercial viability,' with collaboration among OEMs, mobility platforms, and autonomous driving solution providers emerging as the dominant model for Robotaxi commercialization.
Shouxing Technology has completed a Series A2 financing round of several hundred million yuan, co-led by CITIC Securities Investment and Geely Capital.
Gelonghui, July 21 — Shouxing Technology announced the completion of its Series A2 financing round, raising several hundred million RMB. This round was co-led by CITIC Capital and Geely Capital, with participation from CITIC Securities International Capital, Guotai Junan Innovation Investment, Junli Capital, Jingming Capital, and Jiaoyuan Capital. Existing shareholders China Internet Investment Fund (CIIF) and Shunwei Capital participated with oversubscription. The proceeds will primarily be allocated to three core areas: expanding the full-range bionic product portfolio, establishing standardized mass production lines, and deepening iterative development of bionic embodied intelligence algorithms.
GIIB Unit, Two Others to Explore Centralized 4S Hub Development
Geely Galaxy Cruiser 700 With 1,113-hp Tri-motor System to Debut on July 24