Daily Car News: Fang Yuan Appointed Vice President of Corporate Affairs at BMW China

[Dozhi Auto Industry] Let's review what major events happened in the automotive world on May 21, 2026.

Car Event 1: BYD Launches DM Technology in Indonesia Market 

May 18, Indonesia, Jakarta — BYD officially launched DM technology in the Indonesia market. Relying on more flexible energy management capabilities and higher energy efficiency performance, this technology will provide Indonesian consumers with new energy mobility solutions covering multiple scenarios.

BYD Group Vice President Liu Xueliang stated: "The global automotive industry is currently accelerating into the new energy era. Driven by changes in energy structure, environmental challenges, and the continuous upgrade of user mobility needs, BYD has always adhered to the technical route of EV and PHEV in parallel. Through more comprehensive technical layout, we meet the diverse needs of different markets, including the Indonesia market. We believe this technology will write a new milestone for the development of new energy vehicles in Indonesia."

Car Event 2: BMW Appoints Fang Yuan as Vice President of Corporate Affairs for China

BMW Group announced today the appointment of Ms. Fang Yuan as BMW China Vice President of Corporate Affairs, concurrently serving as BMW Brilliance Public Relations and Corporate Social Responsibility Vice President. The appointment takes effect officially from June 1, 2026.

Since Ms. Fang Yuan joined BMW Brilliance Automobile Co., Ltd. in 2012, she has held various management positions in fields such as product and technology communication, media relations, social media communication, and crisis management. Her rich experience accumulated in different business areas, deep understanding of the enterprise, and high sense of responsibility will provide a solid foundation for her to fulfill her new responsibilities.

Ms. Sourour Stanke, Vice President of Strategy, Services, Media Center, and International Market Communication at BMW Group, stated: "China is the strategic core of BMW Group's transformation and long-term development. Ms. Fang Yuan possesses mature management experience, excellent stakeholder communication skills, and deep insights into the Chinese market. We believe she will further enhance the strength of BMW China Corporate Affairs team in her new responsibilities."

Car Event 3: NVIDIA FY2027 Q1 Financial Report Revenue $81.62 Billion

Recently, NVIDIA released the Q1 financial report for FY2027. Revenue for Q1 ended April 26, 2026 was $81.6 billion, up 20% from the previous quarter and up 85% year-over-year. Quarterly GAAP and non-GAAP gross margins were 74.9% and 75.0% respectively. Quarterly GAAP and non-GAAP diluted earnings per share were $2.39 and $1.87 respectively.

NVIDIA Founder and CEO Jensen Huang stated: "The construction of AI factories is the largest infrastructure expansion in human history. This boom is advancing at an unprecedented pace. Agentic AI has arrived; it can work efficiently, create real value, and expand rapidly across enterprises in all industries. With unique advantages, NVIDIA is at the center of this transformation, being the only platform capable of running in all cloud environments, empowering various frontier and open-source models, and achieving comprehensive scaling from hyperscale data centers to the edge."

Car Event 4: NIO Q1 2026 Financial Report, Q1 Total Revenue 25.53 Billion CNY

On May 21, NIO released its Q1 2026 financial report. Q1 operating profit reached 66.8 million yuan, marking profits for two consecutive quarters. Q1 total revenue was 25.53 billion yuan, a year-over-year increase of 112.2%. Key data such as gross margin, cash flow, and cash reserves all reached the best performance in recent years, with overall operating quality continuously improving. Total gross profit was 4.86 billion yuan, a year-over-year increase of 428.4%. The company's comprehensive gross margin in Q1 was 19.0%, vehicle gross margin was 18.8%, growing quarter-over-quarter for four consecutive quarters, and other sales gross margin was 20.6%, both reaching a four-year high. Specific information is as follows:

Q1 cash reserves increased to 48.2 billion yuan, achieving positive operating cash flow for three consecutive quarters. Q1 deliveries reached 83,465 units, a year-over-year increase of 98.3%. Q2 2026 delivery guidance is 110,000 to 115,000 units, a year-over-year increase of 52.7% to 59.6%. Revenue guidance is 32.78 billion to 34.44 billion yuan, a year-over-year increase of 72.4% to 81.2%. As of March 31, 2026, NIO has globally built and completed 3,847 battery swap stations, 4,985 charging stations, and 28,505 charging piles.

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