Elegance Moves the World: LEPAS L6 PHEV Global Journey of Elegant Driving Wraps Up
China's April Passenger NEV Wholesale Seen Rising 7% to 1.22 Million Units
The Passenger Car Association estimates that in April, new energy vehicle wholesale volumes from manufacturers across the country will reach 1.22 million units, marking a 7% month-on-month increase.
On May 7, the Passenger Car Association released a fast report on wholesale sales of new energy passenger vehicles by manufacturers in April 2026. According to preliminary aggregated calculations for April 2026, new energy wholesale sales by national passenger vehicle manufacturers reached 12.2 million units, representing a year-on-year increase of 7% and a month-on-month increase of 7%, achieving dual growth. The initial signs of an industry recovery are becoming evident.
Huawei-backed Luxeed to Launch V9 MPV Later This Month
Fitch: High oil prices may reinvigorate the penetration rate of China's new energy vehicles.
Fitch Ratings noted that, amid rising costs of raw materials and components, Chinese automakers are increasingly relying on high-end new energy vehicles (NEVs) and overseas markets to maintain profitability. High oil prices may reinvigorate the NEV penetration rate in China and stimulate overseas demand for Chinese electric vehicles. In the first quarter of 2026, as the preferential purchase tax policy for NEVs was halved, the share of NEVs in China's passenger vehicle retail sales dropped to 45.2%. Retail deliveries of passenger vehicles declined by 17.6% year-on-year, with significant drops observed across battery electric vehicles, plug-in hybrid vehicles, and internal combustion engine vehicles, while traditional hybrid vehicles were the only segment to record growth.
Chery Automobile (9973.HK): 26Q1 results in line with expectations, significant increase in export sales.
Summary of the report: On April 28, 2026, the company released its Q1 2026 performance. In Q1 2026, the company achieved operating revenue of 65.87 billion yuan, a year-on-year decrease of 3.4%; net profit attributable to shareholders was 4.17 billion yuan, year-on-year...
Chery Automobile's April Sales Jump 27%
HKEJ | BYD's cumulative new energy vehicle sales for the first four months reached approximately 1.0216 million units.
Dongyangguang Pharmaceutical (06887): Insulin Glargine Injection has received marketing approval from the U.S. Food and Drug Administration; MANYCORE TECH (00068) has entered into a strategic cooperation framework agreement with Jinyong to establish a strategic partnership for global business expansion, setting up a venture capital fund, and collaborating in capital markets.
Chery Group's sales volume in April reached 251,000 units, representing a year-on-year increase of 25.2%.
Gelonghui, May 1st | Chery Group released its April sales data: In April, the group's sales reached 251,386 units, representing a year-on-year increase of 25.2%; the group's exports amounted to 177,573 units, marking a year-on-year growth of 102.4%. The group's new energy vehicle sales hit 100,276 units, reflecting a year-on-year rise of 63.8%.
Q1 2026 Earnings Reports of 18 Listed Auto Companies Released: Industry Profits Under Widespread Pressure, Significant Impact on Performance Due to Exchange Rate Fluctuations
① SAIC Motor, Seres, FAW Jiefang, Foton Motor, Jiangling Motors, and Zhongtong Bus achieved double growth in revenue and net profit in the first quarter of this year; ② GAC Group and BAIC BJEV reported revenue growth and narrowed losses; ③ As the proportion of overseas revenue continues to rise, fluctuations in the RMB exchange rate have also become an important variable affecting the performance of listed companies.
Summary of Hong Kong stock ratings: CMB International Securities (Hong Kong) maintains a Buy rating for BYD shares.
Cailian Press will regularly compile ratings and target prices from various institutions for Hong Kong stocks.
CICC Remains a Buy on Chery Automobile Co.,Ltd. (9973)
Cui Dongshu: In the first quarter of 2026, the global auto market declined by 2%, while the market share of Chinese independent brands rose amidst a trend of 'rise in the East and decline in the West.'
In 2026, China's auto market will account for 31.5% of the global market, representing a four-percentage-point decrease from 2025.
Cui Dongshu of the China Passenger Car Association: From January to March 2026, China will account for 32% of the global automotive market share.
According to an article published by Cui Dongshu, Secretary General of the Passenger Car Division of the China Association of Automobile Manufacturers, on April 30 via Glodon Post, China's auto market has shown an overall positive trend in recent years, with its global market share continuously increasing. Since 2020, China’s global market share has been on the rise, reaching 33.8% in 2023. It is projected to reach 34.2% in 2024 and 35.4% in 2025, before dropping to 31.5% in 2026, a decrease of four percentage points from 2025. Based on current comprehensive performance of automotive groups, Chinese independent brands have comprehensively increased their global market share. The market share of leading international automakers has significantly declined, while Chinese automakers generally performed strongly. As of this year...
Driving Elegance Together — LEPAS Global Partner Conference Successfully Concludes
La PAIDI Technology Est Présentée À L'occasion De Deux Grands Événements Mondiaux Organisés Par Chery, Ce Qui Permet De Créer Une Nouvelle Valeur Commerciale Mondiale Grâce À La Fabrication Innovante Chinoise.
The integration of autonomous driving and cockpit functions into a single chip has kicked off the elimination round.
Compete to get on board and deliver.
Chery Automobile (09973.HK): Core operating profit shows positive growth; 2Q exports expected to maintain high growth.
The 1Q26 performance met our expectations. The company achieved operating revenue of RMB 65.87 billion in 1Q26, representing a year-on-year decrease of 3.4%; net profit attributable to shareholders was RMB 4.17 billion, down 10.3% year-on-year. The results were in line with our expectations. Development trends indicate...
China Passenger Car Association: Retail sales in the new energy vehicle market declined for both volume and value during the first 26 days of April.
Data released by the China Passenger Car Market Information Joint Conference showed that in the first 26 days of April, retail sales of new energy passenger vehicles in China reached 614,000 units, representing a year-on-year decrease of 11% and a month-on-month decline of 6%. Since the beginning of this year, cumulative retail sales have totaled 2.523 million units, reflecting a year-on-year drop of 19%.
Chery Automobile (09973.HK) Q1 2026 Earnings Review: Results Exceed Expectations, Strong Export Performance
Key highlights of the announcement: The company reported revenue of RMB 65.87 billion in Q1 2026, representing a year-over-year and quarter-over-quarter decrease of 3% and 23%, respectively. Net profit attributable to shareholders was RMB 4.17 billion, reflecting year-over-year and quarter-over-quarter declines of 10% and 10.4%, respectively. Overall performance exceeded our expectations.