China's Car Market Heads for Worst Year Since 2021 as Sales Plunge 20%

CNBCJul 20 16:43

China has more than 400 full-body humanoid robot models, accounting for over half of the global total.

The Ministry of Industry and Information Technology announced today (the 20th) that data released shows a number of Chinese industries with international competitive advantages have accelerated their growth in the first half of the year. In the field of intelligent robotics, China-developed quadrupedal robots account for nearly 70% of global sales, and over 400 models of humanoid robots—more than half of the global total—are now available. Additionally, a cohort of globally recognized unicorn enterprises has emerged in sectors including artificial intelligence, semiconductors, new energy, and biopharmaceuticals, actively contributing Chinese solutions to international standard-setting and industrial governance.

AASTOCKSJul 20 13:34

CMBI: Horizon Robotics (09660.HK) HSD solution sales growth expected to accelerate

CMB International published a research report expecting Horizon Robotics (09660.HK) to report first-half 2026 revenue of RMB 2.259 billion, an annual increase of 44.2%, with a gross margin of 60.4%. Driven by fair value gains on convertible bonds, the company is expected to record a net profit for the period, while its adjusted net loss is forecast to narrow year-over-year by approximately RMB 2 billion to RMB 11 billion. The firm maintains its full-year 2024 revenue forecast for Horizon Robotics at RMB 6 billion, anticipating improved first-half sales due to a better product mix and accelerated growth in HSD solution sales starting in the second half, primarily driven by BYD (01211.HK).

AASTOCKSJul 20 11:39

BYD Fang Cheng Bao Tai 7 Surpasses 200,000 Sales in About 10 Months

CnEVPostJul 20 11:30

Hong Kong Stock Market Movement | BAIC Motor Rises Nearly 8%, Leading Auto Stocks Higher as July Retail Sales Decline Narrows and Intelligent Transformation Accelerates

Gelonghui, July 20 | Hong Kong-listed auto stocks generally rose, with BAIC Motor up nearly 8%, Great Wall Motor up nearly 5%, Nio up 4%, Seres up 3.7%, XPeng and GAC Group each up 2.8%, and BYD, Leapmotor, Li Auto, and Geely Auto all gaining more than 1.3%. On the news front, preliminary signs of improvement have emerged in retail data for early July—the year-on-year decline in domestic retail sales narrowed to 15%, a marked improvement from the 23% decline recorded for the entire month of June. As the second half of the year enters the peak car-buying season, coupled with a wave of new model launches and restocking momentum, domestic sales are expected to improve further. The auto industry is transitioning from 'electrification' to

Gelonghui FinanceJul 20 11:26

BYD Offers Closer Look at Qin Max, Flagship of Its Hot-selling Qin Family

CnEVPostJul 20 11:00