BMW Unveils 8,000 Global Job Cuts Amid China Market Slump, CEO Vows Faster Cost-Cutting Push

July 30, 2026 – BMW has rolled out a mutually agreed voluntary redundancy scheme in partnership with its works council, aiming to cut thousands of roles across Germany by the close of 2027, the luxury automaker confirmed in an official statement this week. A company spokesperson clarified that the targeted severance framework exclusively covers administrative…

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XPeng Marks 6 Years of Global Expansion: Overseas Sales Surpass 100,000 Units Across 65 Markets

July 30, 2026 –XPeng Inc., the Chinese AI-driven mobility tech firm, has hit two major global milestones this week, as Chairman and CEO He Xiaopeng announced the brand’s six-year overseas sales have crossed 100,000 units, with a market footprint now spanning 65 countries and regions. The company first launched its international expansion in Norway back…

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“EREV Is No Dead End”: Lei Jun Explains Why Xiaomi’s SkyNomad SUV Arrives Right On Time

July 29, 2026 –Lei Jun, founder of Xiaomi Group, took to social media on Wednesday to publish a detailed long post, directly addressing two widely discussed questions surrounding the brand’s upcoming SkyNomad series: why Xiaomi chose the extended-range electric (EREV) path, and whether the company is entering the market too late. In his statement, Lei…

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Momenta Makes History: First Chinese Firm to Secure Germany’s Nationwide L4 Autonomous Driving Test Permit

July 29, 2026 – Chinese autonomous driving firm Momenta has secured a landmark nationwide L4 urban road testing permit from Germany’s Federal Motor Transport Authority (KBA), marking the first time a Chinese enterprise has obtained full-country L4 testing authorization across Germany’s city networks. Unlike the previous fragmented city-by-city approval process that slowed testing rollouts for…

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Tesla Targets 100,000 Annual Optimus Output; Musk Threatens Full Procurement Team Replacement If Target Missed

July 13, 2026 – Multiple insiders from Tesla’s supply chain have revealed to the media that the electric vehicle and tech giant has issued detailed procurement guidelines for components of its Optimus humanoid robot to its suppliers, marking a critical step toward the robot’s large-scale manufacturing. According to Tesla’s official production capacity roadmap, the company…

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Xpeng’s He Xiaopeng: Chinese Intelligent Driving Leads the Globe, L4 & L5 to Land in 3-5 Years

July 3, 2026 – Hours after Xpeng Motors staged the China debut event for its MONA L03 model, He Xiaopeng, Chairman of Xpeng Group, shared his forward-looking insights into China’s fast-evolving intelligent driving assistance industry during media interviews. A landmark global regulation governing automated driving, known as ADS GTR, was formally released by the United…

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BYD Hits Record Monthly Sales Over 400,000 Units in June

July 2, 2026 – BYD has released its official sales figures for June, marking a landmark month as the automaker’s total monthly deliveries surpassed the 400,000-unit threshold, with overseas shipments topping 170,000 vehicles to set another all-time high. The firm recorded a combined 403,472 vehicle sales last month, among which passenger cars accounted for 397,292…

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Toyota Executive: Quality, Reliability and Residual Value Serve as Core Advantages Against Chinese Automakers

June 30, 2026 – Toyota Motor Corporation has retained its title as the world’s top-selling automaker for the sixth straight year, with its combined global sales of Toyota and Lexus branded vehicles surpassing 10.5 million units in 2025. When incorporating sales figures from its subsidiary Daihatsu, the automotive giant’s total annual volume climbed to approximately…

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