Yuebo power: Shanghai Qianying plans to reduce its shareholding by no more than 2.99%

Chassis Supply Chain's "iPhone Moment": China's Tier 1 Shift as LeeKr Emerges

Over the past decade, China's electric vehicle (EV) industry has evolved from a niche experiment into a leading force in the global automotive landscape. In the first ten months of 2025, China exported over 2 million EVs, nearly double the year-earlier figure. From European city streets to Southeast Asian highways and Latin American urban centers, Chinese EVs have emerged as one of the most prominent symbols of a new era of “Made in China.”

SAIC’s Overseas Sales Reach 1.166 Million Vehicles, Exceeding Full-Year 2025

SAIC Motor（上汽集团）said on October 27 that its overseas sales reached 1.166 million vehicles in the first nine months of 2026, up 52.4% year on year and already exceeding its full-year 2025 total.

WeRide Launches Insurance Partnership Program to Support Overseas Expansion

WeRide（文远知行）announced a global insurance partnership program on October 27, naming Allianz Insurance Singapore（安联保险新加坡）and Ping An Property & Casualty Insurance（中国平安财产保险）as its inaugural partners.

GWM Plans Bulgarian Assembly of Ora 5 from Early 2027

Great Wall Motor（长城汽车）, known as GWM, announced on October 27 that it plans to begin assembling the Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with local partner Bulgarian Automotive Industry.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.