OEM Movements | OEM TrendsClSma: On April 2, Volkswagen (China), Volkswagen (Anhui) Digital Sales Service Co., and FAW-VW signed a strategic cooperation memorandum on dealer networks. The two sides will launch a "store-within-a-store" model at select FAW-VW dealerships to showcase and sell Volkswagen (Anhui)'s latest new energy models. The Vw 08 will be the first model under this partnership. Another sedan in the ID. UNYX lineup, measuring 5 meters in length, is set to launch in the second half of this year with similar cooperation.IT Home: Data from the National Enterprise Credit Information Publicity System shows that Shanghai Zunjie Zhixing Auto Technology Co., Ltd. was recently established, with Shu Jie as the legal representative. Key personnel include Li Xinxin (manager) and Wang Wei (finance head). The company has a registered capital of 30 million yuan. Its business scope covers R&D for auto parts, as well as various technical services including development, consulting, and transfer. Shareholder information indicates the company is wholly owned by Anhui Jianghuai Automobile Group Corp., Ltd. (JAC).Fast Tech: On April 2, the 2026 NIO ET5 and ET5T officially went on sale, starting at 298,000 yuan. Under the Battery-as-a-Service (BaaS) model, prices start at 190,000 yuan. Simultaneously, NIO unveiled the 2026 ET5 and ET5T Natural Realm editions, designed as exclusive vehicles blending natural aesthetics with substance, starting at 310,000 yuan. With BaaS, these editions start at 202,000 yuan.IT Home: On April 2, the Wuling Silver Badge official account announced that the Wuling Starlight L, a large six-seater, will make its official debut on April 10. Teaser images reveal a 2+2+2 seating layout, with two independent seats in the second row equipped with armrests.Interface News: On April 2, Chery Group announced that following its milestone in February as the first Chinese brand to surpass 6 million cumulative exports, it shipped 148,777 vehicles overseas in March alone — a 72% year-on-year surge that set a new record for monthly exports by a Chinese automaker. First-quarter exports reached 393,311 units, up 53.9%. Chery has now logged 11 straight months of monthly exports exceeding 100,000 units.Interface News: On April 2, SAIC Motor released its latest sales figures, showing 376,000 vehicles sold in March, successfully securing the "monthly sales triple crown" so far this year. Wholesale sales for January through March totaled 973,000 units, a 3% year-on-year increase, maintaining a steady upward trend. Retail sales hit 1.008 million units, making SAIC the only Chinese automaker to surpass the million-unit mark in retail sales during the first quarter.ClSma: Volvo Car reported on April 2 that global sales for the first quarter of 2026 reached 153,316 units, an 11% decline from the previous year. Fully electric vehicles accounted for 23.7% of total sales, while plug-in hybrids made up 23.6%, bringing the share of electrified vehicles to 47.3% for the quarter.Supply Chain NewsClSma: SG Micro stated during a recent roadshow that it continues to invest heavily and comprehensively in the automotive electronics sector. Currently, its automotive-grade products cover sensors, signal chains, and power management. Over 500 products certified to AEC-Q100 standards are already in mass production. Revenue from automotive-grade products has seen stable, rapid growth over the past few quarters. The company expects automotive electronics to account for 10% to 15% of total revenue within the next three to five years.Gasgoo: Pateo recently released its 2025 annual performance data. Financial results show revenue reached 3.51 billion yuan in 2025, a 37.26% increase from 2.56 billion yuan in 2024. Revenue from core smart cockpit solutions hit 3.41 billion yuan, up 39.8% year-on-year and accounting for over 90% of total revenue, driving the growth. During the same period, deliveries of smart cockpit domain controllers reached 1.3 million units, a 40% jump from 900,000 units in 2024.ClSma: Data from the Tianyancha App shows that Tangshan Gotion Battery Co., Ltd. recently underwent a business change, adding Xingyin Financial Asset Investment Co., Ltd. as a shareholder. Concurrently, registered capital increased from approximately 1.21 billion yuan to 1.43 billion yuan, a rise of about 18%. Founded in August 2016 with Ge Daobin as legal representative, the company engages in battery manufacturing, energy storage technical services, and sales of new energy vehicle parts. It is jointly held by Hefei Gotion High-Tech Power Energy Co., Ltd. (a subsidiary of Gotion High-Tech), Chongqing International Trust Co., Ltd., and the newly added shareholder.Industrial Economy FocusClSma: On April 2, Hong Kong's Hang Seng Index closed down 0.7%, while the Hang Seng Tech Index dropped 1.63%. AI application stocks led the losses, with Zhipu sliding nearly 15% and MINIMAX-W falling over 10%. Chip stocks were broadly lower, with Shanghai Fudan Microelectronics down more than 7%, Hua Hong Semiconductor dropping over 5%, and SMIC slipping more than 3%. The auto sector bucked the trend, with Chery Automobile surging over 15%, Geely Auto climbing more than 8%, and Great Wall Motor gaining over 7%.ClSma: On April 2, the China Automobile Dealers Association released its latest "Auto Consumption Index": The index for March 2026 stood at 74.0, a slight uptick from the previous month. Following the market recovery in March, the auto sector is expected to maintain its warming trend in April, with sales projected to see a modest increase over March figures.Gasgoo: Following a nearly 1 billion yuan Series B round in February, Xinghaitu recently secured another 2 billion yuan in a Series B+ round. This financing attracted top-tier investors, including industrial capital, leading long-term funds, state funds, and major private equity firms. The capital will be used to ramp up basic model development and global ecosystem expansion. Xinghaitu aims to lead in Vision-Language-Action (VLA) and world models based on real data, evolving from a "developer's first choice" to a "productivity benchmark" and accelerating the large-scale commercial deployment of embodied intelligence in the physical world.Policy UpdatesClSma: On April 2, the Sichuan Provincial Development and Reform Commission and other departments issued the "Sichuan Electric Vehicle Charging Facility Service Capability Doubling Action Plan." The plan proposes accelerating the build-out of charging networks, optimizing infrastructure, and improving efficiency and service quality to boost consumer confidence and promote wider EV adoption. By the end of 2027, Sichuan aims to have 2.05 million charging facilities in place, providing over 17 million kilowatts of public charging capacity. This high-quality system is designed to meet the charging needs of 4 million electric vehicles, effectively doubling the province's charging service capabilities.Personnel ChangesGasgoo: On April 2, Luxeed officially announced the appointment of Guo Rui as Chairman and CEO, effective immediately, following approval by the board of directors. He will oversee the company's overall operations and management. Guo joined Huawei's Consumer Business Group in 2017 as Chief Marketing Officer for Greater China. In August 2021, he became a founding member of the independent Honor, serving successively as Senior Vice President, President of the Brand Marketing System, and Group Chief Marketing Officer.
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