As the global automotive industry undergoes rapid transformation, China's automotive sector is at a critical juncture of upgrading and transformation.Recently, three major Chinese state-owned automotive enterprises—China FAW Group Corporation (FAW), Dongfeng Motor Corporation, and China Changan Automobile Group—have each outlined their development goals in an effort to gain an edge and stand out amid fierce global competition.According to Zhang Xiang, a guest professor at Huanghe Science and Technology College, the official announcements of these development goals not only demonstrate the firms’ strong confidence in their growth trajectories but also reflect their sense of responsibility and commitment as China’s “national team” in the automotive industry.Specifically, at a media briefing held by China Changan on July 30, Chairman and Party Secretary Zhu Huarong stated that the company’s strategic goal is to build a world-class automobile group with global competitiveness and independent core technologies. Over the next five years, China Changan plans to launch over 50 new energy vehicle (NEV) models globally, including more than seven high-volume global models (each exceeding 300,000 units), and build a comprehensive NEV brand matrix under Avatr, Deepal, and Changan. In the next decade, Changan will invest approximately RMB 200 billion in the new energy sector, adding a 10,000-person tech innovation team to drive technology exploration and product commercialization. “By 2030, Changan aims to achieve 5 million units in vehicle production and sales, with NEVs accounting for over 60%, and overseas sales making up more than 30%. The company also strives to rank among the world’s top ten auto brands,” Zhu said.On July 31, FAW held a party congress where Chairman and Party Secretary Qiu Xiandong announced that over the next five years, FAW will adhere to a single strategic positioning. The plan is to complete key adjustment tasks within about three years and lay a solid foundation for transformation within two more years. By 2030, FAW aims to achieve six key goals: total vehicle sales to exceed 5 million units, including more than 3 million intelligent connected NEVs; over 2 million in self-owned brand sales; over 1.5 million intelligent connected NEVs under self-owned brands; and over 700,000 units sold in overseas markets. Additionally, the average income growth of employees is expected to surpass the central SOE average, achieving mutual success in enterprise development and employee well-being.On August 1, Dongfeng’s newly established Yi Pai Technology held a strategic press conference. Chairman Yang Qing stated that Dongfeng will continue to balance passenger and commercial vehicles, coordinate self-owned and joint ventures, and accelerate the development of its NEV business. Building on the goal of 1 million self-owned NEVs, the company is now pushing toward 3 million NEVs, aiming to restore overall sales to 4 million units and strive for even greater achievements.“The strategic goals in key areas such as NEVs and globalization set by the three major state-owned auto enterprises are not isolated strategies, but deeply aligned with the national top-level design for automotive industry transformation,” said Lin Shi, Secretary General of the Intelligent and Connected Vehicles Branch of the China-Europe Association for Technical and Economic Cooperation.Starting in 2024, the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council will separately assess the NEV businesses of the three auto SOEs. This policy change moves away from traditional profit-based evaluations and incorporates key indicators such as market share and technological innovation, providing crucial institutional support and growth momentum for the realization of these ambitious goals. It encourages bold innovation and active exploration.Zhang Xiang added that against the backdrop of the global shift toward new energy and intelligent mobility, China’s three major auto SOEs—with their strong technological capabilities, complete industrial layouts, and robust market influence—are leading the high-quality development of China’s automotive industry. They are helping China transition from an automotive powerhouse to an automotive superpower. With their demonstration effect, China’s automotive industry is set to shine brighter on the international stage, contributing more Chinese wisdom and solutions to the global auto industry.Declaration: This article comes from Securities Daily.If copyright issues are involved, please contact us to delete.

Amid the accelerating global shift toward automotive intelligence, Chinese auto parts suppliers are demonstrating remarkable innovation capabilities. From providing critical components to co-developing next-generation intelligent driving systems, leading domestic smart vehicle tech companies are strengthening their global competitiveness through deep collaboration with international automotive brands.In recent months, numerous partnerships between domestic and international automakers and tech firms have come to fruition. This month, BMW Group announced a partnership with Chinese autonomous driving company Momenta to jointly develop AI large-model-based driver assistance software. Tailored for the Chinese market, this system will offer full-scenario, point-to-point assisted driving features, eventually enabling intercity travel from parking spot departure to destination parking.Similarly, in April, German automotive technology giant Bosch announced a major collaboration with Beijing Horizon Robotics. The two will co-develop next-generation multi-functional camera systems based on the Journey 6B chip and upgrade driver assistance systems using the Journey 6E/M chips. Christoph Hartung, President of Bosch’s Intelligent Driving and Control Systems, stated: “China has become a global hub for automotive intelligence innovation.” His remarks aptly reflect China’s growing influence in the smart automotive sector.This wave of collaboration continues to gain momentum. Dongfeng Nissan previously announced an expansion of its strategic partnership with Momenta to develop advanced autonomous driving solutions based on large-scale AI models. ECARX has also signed an agreement with Volkswagen Group to provide smart cockpit solutions for both the Volkswagen and Škoda brands.“These partnerships signal an important trend,” noted Zhang Yongwei, Vice Chairman and Secretary-General of the China EV100. “China is transitioning from being merely a consumer market to becoming a global center for technological innovation and supply chain development.” He emphasized that multinational automakers need to reassess their China strategies and deepen cooperation with Chinese suppliers.This transformation is especially evident in the auto parts sector. Zhang Haizhou, Chief Brand Officer at DaoYuan Technology, stated: “It’s becoming increasingly common for Chinese suppliers to co-develop intelligent driving systems with foreign automakers.” He noted that the company has moved beyond its traditional supplier role, establishing partnerships with over 30 globally renowned carmakers and delivering more than 3 million sets of positioning sensor systems. DaoYuan Technology employees at work in the workshop. / Courtesy photoIn the chip sector, collaborative innovation is also thriving. Chen Shujie, Vice President of SemiDrive Technology, explained: “Joint development requires a deep understanding of automotive electronic architecture and close cooperation with OEMs.” Currently, SemiDrive has established joint labs with SAIC Volkswagen and other automakers to co-develop intelligent vehicle hardware-software platforms. Automotive chip products on display by SemiDrive Technology / Courtesy photoWu Songquan, Senior Chief Expert at the China Automotive Technology and Research Center, noted that the automotive industry is undergoing a profound transformation in its supply chain due to the “New Four Modernizations” (electrification, intelligence, connectivity, and sharing). “The traditional linear supply chain is evolving into a networked ecosystem, and OEMs must shift from being supply chain leaders to ecosystem coordinators.”He further emphasized that with increasing reliance on key supplier technologies, OEMs must establish symbiotic relationships with suppliers, characterized by deep joint R&D and shared risk. “Competition in supply chains is transitioning to competition in ecosystem capabilities. As a result, OEMs must act as coordinators and co-builders of the ecosystem. Deep collaboration and co-development between OEMs and parts suppliers have become inevitable.”Furthermore, as China’s smart automotive supply chain becomes increasingly robust and stable, international automakers are recognizing the value of Chinese partnerships. “For global brands, shipment volume is a key factor in selecting partners because it reflects product reliability and stability,” Zhang Haizhou explained. He highlighted that the widespread application of assisted driving technologies in the Chinese market offers valuable opportunities for testing, validation, and mass production, thereby accelerating product maturity.Declaration: This article comes from China Daily. If copyright issues are involved, please contact us to delete.

According to statistics from iFind by Tonghuashun, as of July 21, 59 A-share listed auto parts companies have released semi-annual earnings forecasts (classified under Shenwan Industry Classification). Of these, 38 issued positive outlooks, including 27 forecasting increased profits, 6 with slight increases, and 5 turning losses into gains. In contrast, 21 companies are projecting decreased profits or losses. Overall, the auto parts sector is showing a clear polarization in H1 performance expectations.Zhang Xiang, Secretary-General of the International Intelligent Transport Technology Association, told reporters, “Auto parts companies with strong brands and leading technologies tend to be more profitable, while those trapped in product homogeneity are facing significant operational challenges.”Based on the upper limit of projected net profit growth, 20 of the 59 companies expect year-on-year increases of more than 100%. Many companies with strong H1 performances attribute their growth to the continued expansion of orders, driven by sustained momentum in the new energy vehicle (NEV) market.For example, Xiangyang Changyuandonggu Industry Co., Ltd. forecasts net profit attributable to shareholders of RMB 155 million to RMB 180 million for the first half of the year, representing a year-on-year increase of 62.65% to 88.88%. The company stated that during the reporting period, demand from major commercial vehicle clients remained stable and positive, while the NEV market grew rapidly. Sales of hybrid engine cylinder blocks and heads increased steadily year-on-year, contributing to both revenue and profit growth.Jiangsu Bojun Industrial Technology Co., Ltd. projects H1 net profit attributable to shareholders of RMB 341 million to RMB 387 million, up 47% to 67% year-on-year. The company reported ample orders and steady revenue growth during the reporting period. It also benefited from the booming NEV sector, with rapid growth in hybrid and pure electric vehicles driving demand for its modular NEV body components.A review of announcements reveals that key drivers of rising order volumes include optimized product portfolios, improved technical capabilities, and expansion into overseas markets.Zhang Xiaorong, Director of the Institute of Deep Technology, noted that the automotive industry is moving toward electrification, intelligence, and lightweight design. This trend will push auto parts companies to focus on three key areas: high-precision electric motor control systems, integrated smart driving sensors and algorithms, and applications of new materials such as carbon fiber.However, some companies are under performance pressure due to intensifying competition in the auto industry and ongoing “price wars.”Zhang Xiaorong remarked, “The performance divergence among auto parts companies is an inevitable outcome of the rapid rise of NEVs. As NEV penetration increases, the demand across the parts supply chain surges. Companies with leading technologies and partnerships with top-tier automakers are the first to benefit. In contrast, those tied to the shrinking internal combustion engine market are seeing order declines.”He added that the polarization within the auto parts industry will likely intensify, with technological iteration capabilities and market responsiveness becoming critical differentiation.For companies facing performance pressure, Zhang suggests accelerating transformation efforts, optimizing product structures, and transitioning more aggressively toward the NEV sector. Simultaneously, they should focus on reducing costs and improving efficiency, enhancing gross margins through process improvements. Expanding their international client base and leveraging domestic supply chain advantages to participate in global competition are also key strategies.Declaration: This article comes from Securities Daily. If copyright issues are involved, please contact us to delete.

As the automotive industry enters a new phase of intelligent competition, key technologies are placing greater demands on enterprises’ R&D and implementation capabilities. At the 2025 New Energy Intelligent Vehicle High-Quality Development Forum held on July 15 (hereinafter referred to as "the Forum"), several industry experts pointed out that the trend of intelligentization is calling for new types of collaboration across the automotive value chain, prompting companies to explore innovative modes and mechanisms of deeper cooperation.Wang Jianqiang, Dean and Professor at the School of Vehicle and Mobility at Tsinghua University, stated at the Forum that due to China’s complex traffic scenarios, enhancing road traffic safety has become a national priority — and intelligent vehicle technology is a key tool in achieving this goal.“Lower-level intelligent vehicles have already achieved significant market penetration and large-scale industrial application,” said Wang. “However, as we move toward higher levels of autonomous driving, there are still many technological challenges that need to be overcome.”Intelligent technology has become one of the core battlegrounds in the automotive industry. Zhang Yongwei, Vice Chairman and Secretary-General of the China EV100, noted that global automotive competition now revolves around intelligentization. New intelligent technologies are prompting closer integration between OEMs and component suppliers, imposing new requirements on collaboration across the value chain.“As automotive competitiveness shifts toward intelligence and AI, enterprises need to explore new development models,” Zhang explained. “Many automakers are choosing to collaborate with tech companies to address their shortcomings in intelligent capabilities. In this new era, cross-industry cooperation is becoming a crucial external source of competitiveness for automakers. Software, chips, and data ecosystems beyond the traditional auto industry are now deeply integrating with it, driving upgrades across the sector.”Ma Cuibing, Board Member of JAC Group Holdings and Deputy General Manager of JAC Motors, shared his company’s experience of cross-industry collaboration with Huawei.“In this new era of automotive development, building and nurturing new capabilities requires empowerment and cross-boundary cooperation,” Ma said. “We’re engaging in comprehensive strategic collaboration with Huawei Digital Energy across key areas such as NEV model/platform technology development and application. At the same time, we are benchmarking against Huawei to drive organizational reform and capability enhancement.”Cooperation across the value chain is also supporting the Chinese auto industry’s global ambitions. Gu Jianmin, CTO of Valeo China, told reporters that China’s automotive industry has made great strides not just in market scale but also in technological advancement.“Software is becoming increasingly influential in automotive products, transforming cars from mechanical products into integrated hardware-software systems,” Gu said. “As a result, more Chinese automakers are now providing technologies to overseas manufacturers. China has become the ‘fitness center’ of the global auto industry, and we will continue increasing our investment in China.”“Globally, China’s automotive intelligentization has reached a deep-water stage,” said Lu Donghai, Deputy General Manager of Automotive Electronics Marketing at ZTE Microelectronics. “We hope that under policy guidance, automakers and ICT enterprises can be brought together in an orderly way to promote innovation through ecosystem integration. We also hope Chinese automakers can take the lead and mobilize the entire value chain to collectively drive the continuous upgrading of the country’s automotive industry.”From chip development to intelligent driving, from innovations in electrical/electronic architecture to software-defined vehicles, China’s auto industry is forging a uniquely Chinese path through continuous exploration of new collaboration mechanisms within the industry chain.“In the future, the auto industry must adopt a more open model to access a broader range of intelligent capabilities,” Zhang Yongwei added. “Automakers need to seamlessly connect with companies specializing in computing power and algorithms, internalizing these external resources into core competitiveness. Cross-industry integration will continue to inject vitality into the development of China’s automotive sector.”Declaration: This article comes from Economic Information Daily.If copyright issues are involved, please contact us to delete.

China’s automotive industry is currently at a critical stage of “changing lanes to overtake.”According to data, in the first half of 2025, the country’s automobile production and sales reached 15.621 million and 15.653 million units respectively, up 12.5% and 11.4% year-on-year, demonstrating strong growth resilience. At the same time, the dilemma of “increased volume without increased profit” has become increasingly apparent. The ongoing involution-style competition continues to squeeze corporate profit margins, posing a major obstacle to the industry’s high-quality development.From July 10 to July 12, the "2025 China Automotive Forum" with the theme of "Improving Quality to the New, Winning the Future" was held in Shanghai, and the attending guests focused on the high-quality development of the automotive industry, cracking the inward spiral of predicament, and promoting global synergy, etc. The forum was held in Shanghai, with the theme of "Improving Quality to the New, Winning the Future".In-depth discussion, injecting new momentum for the development of the industry.Innovation breaks through the bottleneck of developmentWan Gang, Chairman of China Association for Science and Technology, said at the meeting that the development of China's automobile industry has entered a brand new stage, and in the face of the wave of electrification and intelligence, the automobile industry needs to deepen the co-operation between enterprises and build a new type of competitive relationship.It is difficult for automobile enterprises to adapt to the current changes, the only way is to promote complementary advantages through innovative cooperation methods, in order to jointly create new technologies, new products, new models, and cultivate new growth poles of industrial value, "China's automobile industry in the field of electrification has already achieved the 'lane-changing overtaking', and the intelligent will be the core battlefield of the next stage.the core battlefield of the next stage, and it is necessary to focus on key technology research and promote collaborative innovation in the upstream and downstream of the industry chain."Xu Niansha, president of China Machinery Industry Federation, said that in 2024 China's GDP reached 134.91 trillion yuan, accounting for 17% of the world's manufacturing value-added 33.55 trillion yuan, of which the automotive manufacturing industry accounted for one-third of the total volume of the machinery industry, is a well-deserved core engine.To promote the development of new quality productivity, the automotive industry shoulders a heavy responsibility.Xu Niansha put forward five major development directions: first, focus on core technology research, strengthen the new energy, intelligent network technology reserves in the field; second, accelerate the digital and intelligent upgrading, and firmly take the green low-carbon road; third, improve the toughness of the industrial chain, and enhance the ability to independently guarantee the key basic materials; fourth, plough into the domestic market while exploring the international map; and fifth, to create a healthy ecology, and crack the involution of the predicament through the industry's self-discipline.The fifth is to create a healthy ecosystem and crack the problem of involution through industry self-regulation.In response to the industry's widespread concern about the problem of involution, China Association of Automobile Manufacturers Executive Vice President and Secretary-General Fu Bingfeng said that the ongoing price war has pressed the industry's profitability to the tipping point, if not curbed, it may trigger the quality of the compromises and stagnation of innovation, "in the first half of this year, the automotive market continues to develop well, but 'increase does not increase profitability's situation is in urgent need of improvement.With electrification accelerating global industrial restructuring and the full rise of AI technology, the industry has entered the second half of the 'change of lane racing', and needs to achieve sustainable development by comprehensively managing involution, promoting dual-carbon mutual recognition, and strengthening global synergy."In the field of green and low carbon, the forum launched the "China Automobile Industry Green and Low Carbon Public Service Platform and Automobile Industry EPD Platform".According to the introduction of You Zheng, standing committee member of the Party committee of Dongfeng Motor, deputy general manager, and current president of China Association of Automobile Manufacturers (CAAM), the platform, adhering to the principles of "objectivity, public welfare, common governance, and mutual recognition", will unify the rules of accounting and disclosure standards of the carbon footprint and promote the mutual recognition of domestic and international standards, so as to provide the industry with "dual carbon" and "low carbon" services.The platform will unify carbon footprint accounting rules and disclosure standards, promote mutual recognition of standards at home and abroad, and provide support for the industry's "dual-carbon" goal.Domestic and foreign car companies join forces to break the mouldIn the critical period of industrial transformation, how can enterprises break through the bottleneck of development? Chery Automobile Co., Ltd. Chairman Yin Tongyue's speech hit the industry pain points.He said, China's auto has shifted from scale expansion to quality competition, but there are still blind "go to sea" and blindly follow the trend of involution and other issues, "Chery has also been involved in the price war, but deeply aware of the sales rankings are not as important as the quality rankings, profit rankings are not as important as innovation.Call on the government to strengthen the brand building, technological innovation guidance and assessment, the capital market to give enterprises more patience.Brand and technology breakthroughs take time, and Chinese auto brands should avoid international market backlash due to disorderly competition."Yin Tongyue's point of view has also been echoed by a number of guests, many of the participating enterprises related to the person in charge of the meeting after the meeting to the "Securities Daily" reporter said, I hope the relevant departments to listen to the voices, and jointly promote the sustainable development of the industry.Auto home executive director and CEO Yang Song through the data to support: 2022 to 2024, the automotive industry due to the price of involution loss of 200 billion yuan to 300 billion yuan of income, part of the model price cuts and price cuts and not the difference between the sales, but in vain loss of profit.Yang Song believes that to crack the predicament need to reduce costs and efficiency and orderly "sea" two-pronged approach.The former can be optimized through AI technology marketing decision-making; the latter need to build a global ecosystem, help China's cars in the "go out", can walk more stable, farther.Gao Xiang, President and CEO of BMW Group Greater China, said that the supply chain is fragile, regulatory differences and other challenges, the need for global car companies to work together to deal with, "Chinese car companies to go overseas, can learn from the 'global thinking + local deep ploughing' model, and jointly build a highly efficient and resilient industrial chain."Dewees, secretary-general of the European Automotive Industry Association, said that the Chinese and European automotive industries together account for more than half of global production, and their objectives in the fields of green low-carbon and intelligent network are highly compatible, "The current trade environment is complex, and there is a greater need for 'dialogue rather than compartmentalization', 'transparency rather thanprotection'.""ACEA is promoting deeper co-operation between China and Europe in areas such as harmonization of technical regulations and cross-border flow of data."Differences are not barriers, but opportunities for complementation, said Dives.Declaration: This article comes from the Securities Daily.If copyright issues are involved, please contact us to delete.

January to June this year, Ningbo Zhoushan Port completed container throughput of more than 21 million TEU, an increase of more than 9.5 per cent year-on-year, a record high for the same period in history, Ningbo section of the Zhejiang Pilot Free Trade Zone continues to promote the construction of the "hub of the free trade zone".Expanding routes to the seaIn the first half of this year, Ningbo Zhoushan Port deepened its strategic cooperation with shipping companies and port enterprises, innovatively launched the "sea-railway express line + China-Europe fast shipping" double-fast logistics mode, and focused on building the "Yiwu-Ningbo Zhoushan Port-Dubai", "Anhui-Ningbo-Europe" and other routes.Anhui-Ningbo-Europe" and other "double-fast" logistics channels to achieve efficient logistics and transportation through; at the same time, through new routes, optimizing the allocation of space, intelligent transfer of empty containers and other measures to better meet the logistics needs of domestic and foreign customers.Since the beginning of this year, the total number of container routes of Ningbo Zhoushan Port has reached 308, with many new routes including "Gemini Alliance", and 210 ultra-large container ships of "20,000 TEU class", further consolidating the position of the international hub.Expanding Markets inlandBy virtue of the unique advantage of the railway through the three major port areas, Ningbo Zhoushan Port and the railway department in close collaboration, and constantly encrypt the sea-railway inter-modal liner, leading to a steady increase in business volume.The newly opened "Jinhua South - Wenzhou Port" sea-rail intermodal train, "Shaoxing Gaobu - Ningbo Zhoushan Port" COSCO shipping chartered train, etc., for the inland foreign trade enterprises to provide a more efficient and convenient access to the sea.Recently, Yiwu (Suxi) International Hub Port a project - Jin Yong Railway Suxi container handling station has been opened and opened for sea-rail inter-modal transport to bring new increments.Intelligent to help reduce costs and improve efficiencyIn the port area flow, Ningbo Zhoushan Port Jintang Port District, Da Pukou Container Terminal, unmanned container trucks for the first time in a single month of operation exceeded 100,000 TEU mark; Smart Port S-ECP (intelligent remote control and unified scheduling platform system) successfully more than a hundred gantry cranes into the "cloud" centralised scheduling; easy Port launched the"Beidou + AI navigation" programme makes the outside of the container truck vehicles in the port area yaw rate reduced by more than 10%, gate access efficiency increased by 7%.In terms of water transport, the first intelligent river container ship "Zhegang River 002 (Zhiyi)" certified by China Classification Society (CCS) has been in regular operation; the application of "Sigang Logistics Bao" has been formally connected to the comprehensive service platform of Ningbo enterprises, providing professional services for more than 700,000 enterprises.It provides professional global logistics enquiry service for more than 700,000 enterprises.Green and Low Carbon for High-Quality DevelopmentIn the first half of 2025, the cumulative filling volume of LNG for international vessels in Ningbo Zhoushan Port exceeded 50,000 tonnes, which ranked among the top three ports in China, marking the green transformation of ship fuel supply to a new level.Zhejiang Province's first "green power terminal" - Ningbo Zhoushan Port Meishan Low Carbon Terminal Demonstration Project of wind, light and storage integration project is fully completed and put into use, has supplied power to Meishan Port area of more than 26 million kilowatt-hours to meet the "ten million box classIt can meet the energy consumption demand of 50 bridge cranes of "ten million containers" container terminal for half a year.At a time when the global trade pattern is undergoing profound changes, Ningbo Zhoushan Port will continue to unimpeded the land and sea two-way logistics "artery", accelerate the construction of the "smart + green" port, and help build a more efficient and smooth new pattern of global logistics.Declaration: This article comes from the Zhejiang Free Trade WeChat Account.If copyright issues are involved, please contact us to delete.

In the evening of 26 June, Xiaomi Auto's second product YU7 was officially listed.Subsequently, the company's official microblogging said that the 3-minute YU7 big set to break through 200,000 units.As of about 22:45 pm, Xiaomi's US ADR rose about 8.24%.According to reports, the Xiaomi YU7 has a length, width and height of 4,999mm, width of 1,996mm and height of 1,600mm, with a wheelbase of 3 meters, and is priced at 253,500 yuan for the standard version, 279,900 yuan for the PRO version and 329,900 yuan for the Max version.Judging from the pricing, the YU7 is mainly targeting the mid-size SUV market.Lei Jun said at the launch that the Model Y has been the top seller in the segment for many years, and he made a detailed comparison between various parameters of the YU7 and the Model Y.However, he also said that Tesla is still much ahead in terms of energy consumption and FSD.Similar to the listing of SU7, before the new car was listed, Lei Jun kept making noises through social platforms to build momentum for YU7.On 25 June, Lei Jun wrote that Xiaomi YU7 will be a key test for Xiaomi Automobile, because SUV is the real main battlefield of the automotive industry, and YU7 is about to usher in the most brutal competition.In the 200,000 to 300,000 yuan class pure electric SUV market, in addition to the Tesla Model Y, this segment also has Xiaopeng G9, Azure ES6 and other products.In addition, the range-extended electric vehicles launched by Li auto, AITO, and Luxeed are also located in this price range.This means that the price zone where the Xiaomi YU7 is located is very competitive.YU7 is the second product launched by Xiaomi Auto, the first car SU7 current monthly sales amount to nearly 30,000 units or so.Although SU7 has a good market performance after the listing, but millet car is still facing the problem of rebuilding security trust.In March this year, a fatal car accident that occurred in Tongling, Anhui Province, put Xiaomi SU7 into the limelight.The incident was followed by regulatory corrections on publicity issues such as assisted driving.The following May, Lei Jun responded to the impact of the SU7 accident in an internal speech, saying that Xiaomi had been subjected to a furious storm of questions, criticisms and accusations, and that traffic accidents were unavoidable, but that he hadn't expected the accident to hit Xiaomi so hard.He said, "millet is no longer a newcomer to the industry, there is no rookie protection period in any industry, to have higher standards and goals."On the other hand, Xiaomi Auto has also been embroiled in a storm of false propaganda and other controversies over the SU7 Ultra carbon fibre hood controversy, which has sparked some controversy with the view that Xiaomi Auto has always been more high-profile in terms of marketing.With the intensification of market competition, more and more car companies are beginning to reflect on this marketing model, trying to win the market by improving product power and service quality.At this conference, Lei Jun also emphasised the importance of safety.He said that safety is not just about luxury, but safety is the prerequisite and foundation.Although the launch of YU7 may have a certain diversion effect on potential SU7 buyers, the industry still believes that millet car sales are expected to grow further.Along with its sales growth, millet car is expected to achieve a single quarterly profit. 3 June, Lei Jun said at the millet investor conference, millet car business losses are gradually narrowing, is expected to achieve profitability in the third and fourth quarters of this year.Xiaomi group financial report shows that in the first quarter of 2025, millet intelligent electric vehicles and AI and other innovative business segments total revenue of 18.6 billion yuan, accounting for 16.71% of the total revenue of millet group, intelligent electric vehicle revenue of 18.1 billion yuan, up 10.7% compared to the previous quarter, the operating loss narrowed to 500 million yuan.The "2024 Xiaomi Automobile New Four Layout Analysis Report" published by Zosi Automobile Research and Development said that Xiaomi Automobile has multiple advantages, such as the company's abundant capital, high brand awareness, large fan base, excellent marketing and pre-sale activities.However, Xiaomi Auto also has some shortcomings, including insufficient experience in car manufacturing, insufficient R&D accumulation, and the need to polish software and manufacturing quality.According to the aforementioned report, Xiaomi's challenge is undoubtedly huge as it crosses over directly to building its own automotive factory and manufacturing cars under the premise that all of its mobile phones are OEM.For example, the company has relatively insufficient technical accumulation in battery management, in-vehicle systems, power batteries, and autonomous driving development; insufficient investment in EE architecture, automotive basic software, and charging and switching facilities; and insufficient accumulation in batteries, hybrids, chassis, and manufacturing.Declaration: This article comes from China Business News.If copyright issues are involved, please contact us to delete.

In recent years, the proportion of new energy vehicles in passenger cars has continued to rise. By the end of 2024, the national ownership has reached 31.4 million vehicles, and the installed capacity of power batteries has been the world's leading for many years.

On June 6, Japan's Suzuki Motor Corporation announced that some of its automobile production lines in Japan had temporarily stopped operating due to the failure of rare earth material parts from China to arrive on time.

Auto tariffs have always been a top priority in US President Trump's trade and tariff policies. On April 9, the Trump administration announced that it would suspend the implementation of "reciprocal tariffs" for some countries and regions for 90 days, but auto tariffs were not included in the suspension.