According to statistics from the China Association of Automobile Manufacturers, China's new energy vehicle exports in 2025 reached 2.615 million units, a year-on-year increase of 103.7%, ranking first globally for three consecutive years. Relying on first-mover advantages, China's new energy vehicles have moved from the industry's fringe to the center stage. Against this backdrop, JMC New Energy anchored on the "15th Five-Year Plan" strategic blueprint, took "Independence + Co-creation" as the core, took technological innovation as wings, actively promoted globalization strategy, and formally entered the new stage of "Value Deepening".

Three Major Tracks + Six Major Pillars, JMC New Energy Builds Globalization Competition Barriers

The foundation of "Value Deepening" lies in systematic reconstruction on strategy. JMC New Energy deeply recognizes that true globalization is not simply exporting products, but deep rooting of value systems. During the "15th Five-Year Plan" period, the enterprise will focus on three major tracks of "Refining Small Cars, Strengthening Mobility Cars, Optimizing Autonomous Vehicles", and build six strategic pillars of "Technology Leadership, Model Innovation, Low-carbon Empowerment, Full-chain Strict Control, Digital Intelligence Drive, Talent Accumulation", comprehensively consolidating the foundation of development.

At the technical level, JMC New Energy relies on mature core three-electric technologies, matched with dual empowerment of intelligent connectivity and lightweight body, inheriting JMC Group's "Safe & Reliable, Economical & Durable" quality genes, creating core advantages such as extreme low energy consumption and full-domain safety protection. Yichi 05 meets high standards for collision requirements, won the EU WVTA certification certificate, and passed localized regulation certifications in countries such as Australia, Thailand, UAE, crossing the most stringent technical thresholds globally with reliable quality.

Model Elevation, Moving from Product Going Overseas to Local Ecosystem Symbiosis

Technical capability is the "ticket" to participate in global competition, but true globalization tests the elevation of models. To this end, JMC New Energy focuses on promoting product localization, manufacturing localization, and team localization, building a "R&D - Production - Marketing - Service" full-chain globalization system, joining hands with global partners to jointly build energy ecosystems, mobility ecosystems, and intelligent ecosystems, achieving the transformation from single product trade to co-creation and win-win.

Latest data shows that JMC New Energy's overseas markets have expanded to over 40 countries and regions, with business footprints covering five continents: Europe, Africa, Middle East, Southeast Asia, South America. Export business achieved positive growth for three consecutive years, with a year-on-year increase of 70% in 2023, 25% in 2024, and 203% in 2025, showing an accelerated leap pattern.

Behind this achievement is a clear path of globalization advancement. From the first vehicle landing in Singapore opening the door to the South Asian market, to Mauritius, Sri Lanka, Nepal, Pakistan launching successively, deeply cultivating Indian Ocean and Southeast Asian core markets; From the debut at the Canton Fair to the official launch of Yichi 05S, to hundreds of Yichi 05S vehicles driving globally in batches, JMC New Energy lights up the global map with solid steps. In 2025, Yichi 06 appeared at the WNEVC World New Energy Vehicle Conference, concentrating on demonstrating the enterprise's system solutions in the field of intelligent mobility. On May 26, 2026, the all-new Eto EV3 was launched globally simultaneously, bringing new choices for beautiful mobility to global users.

Worth noting is that JMC New Energy is not "going it alone" in overseas markets. The enterprise actively builds deep cooperation networks with local dealers and service providers, and in Southeast Asia, Middle East, Africa and other regions, a relatively complete sales and after-sales service system has been formed, truly achieving the leap from "selling cars" to "taking root".

Born global, harmonious symbiosis. In the future, JMC New Energy will continue to deepen localized ecosystem construction, promote comprehensive rooting of technology, manufacturing, and teams, jointly build mobility, energy, and intelligent ecosystems with global partners, and truly achieve the leap from "selling cars" to "symbiosis".

Recently, XCMG signed a procurement agreement for 300 new energy commercial vehicles with OCR, a leading distributor in Thailand, in Bangkok. The first batch of 100 units has been delivered. Xia Yongyong, Deputy General Manager of XCMG Group, Party Secretary and General Manager of XCMG Automobile, attended the ceremony.

This strategic cooperation between XCMG and OCR is not limited to complete vehicle sales, but covers lifecycle value management including technical services, spare parts supply, and financial support. This means XCMG is simultaneously embedded in the local service network and parts guarantee system, helping users reduce operating costs and improve operational availability.

Deep Cultivation: Building Long-term Value with Full-cycle Service

In 2005, XCMG's first piece of equipment arrived at a Thai port, planting the seeds of cooperation with OCR Company.

In June 2025, Chairman Yang Dongsheng attended the 20th anniversary celebration of the cooperation between XCMG and OCR. Through the in-depth integration of "Product + Scenario", the two sides are jointly promoting the green transformation of the Thai construction machinery industry and building a new ecosystem for green and sustainable industrial development.

In Southeast Asia, XCMG has established a perfect service network and spare parts warehouse. It is this capability upgrade from "selling products" to "full lifecycle" that became the reason for OCR choosing to cooperate with XCMG to develop the transportation market.

Overcoming Challenges: Establishing a Firm Footing in the Southeast Asian Market with Technical Strength

Thailand is a logistics hub in Southeast Asia, currently ushering in an acceleration period for the green transformation of transportation. However, the local hot and humid climate characteristics, combined with diverse and complex working conditions such as trunk logistics, ore material transfer, and urban construction transportation, pose tests for new energy commercial vehicles far beyond general markets.

As a senior force in the local commercial vehicle sector in Thailand, OCR Company actively guides traditional fleets towards green transformation. XCMG Automobile is a leading enterprise in China's new energy commercial vehicles, with new energy heavy truck sales ranking first in the industry for three consecutive years. Relying on a mature localized service network and good user reputation, combined with the product's excellent safety, reliability, and economy, XCMG has truly won OCR's recognition.

Relying on XCMG's independently developed core battery, motor, and electronic control technologies, combined with overseas exclusive vehicle calibration and high quality control, XCMG's products maintained stability and economy in actual operations with high temperature, high humidity, and complex road conditions, gradually becoming a demonstration benchmark for local green transport capacity.

Currently, the demand for new energy commercial vehicles in Thailand is accelerating.

In the process of global transportation green and low-carbon transformation, XCMG new energy commercial vehicles have transformed from product providers to value creation builders. XCMG will take this cooperation as a fulcrum to replicate and promote the "Product + Scenario" integrated solution to more countries and regions.

Milestones Forge New Starting Points, Dual Brands Unite to Reach New Heights. In May, SAIC Group's cumulative production and sales exceeded 100 million, becoming China's first automobile group to enter the "100 Million Vehicle Club". As the core entity of SAIC Commercial Vehicles, SAIC Maxus sold 25,605 vehicles in total series, a year-on-year increase of 44%! Among them, overseas sales reached 12,392 vehicles, a year-on-year increase of 56%; SAIC Maxus New Energy vehicles sold 11,051 units, and "Dannai" sales reached 5,934 units, creating a new triple sales high! Yuejin New Energy accounted for over 67%, reaching a new high for the year; Domestic and overseas sales both exceeded 10,000 again, presenting hard-core results to celebrate the 100 million milestone and laying a solid foundation for high-quality development for the whole year.

[SAIC Commercial Vehicles Five Brands Relay Delivery, Celebrating the 100 Million User Moment Together]

[SAIC Maxus May Hot Sales]

Light Commercial Vehicles Doubled Year-on-Year, Dannai Reaches New High, "China's Top Light Commercial Vehicle Brand" Accelerates Leadership. In May, light van series sales reached 11,865 vehicles, up 56% year-on-year. The hit "Dannai" series, relying on "Big Battery + Small Extended Range" super extended range technology and full-scenario wealth creation capabilities, further consolidated its benchmark status in the new energy light van market, with this month's sales reaching a new high of 5,934 vehicles, a surge of 197% year-on-year. Dannai and New Tu series jointly cover user full-scenario wealth creation needs, "China's Top Light Commercial Vehicle Brand" accelerates leadership.

[Dannai Super Extended Range]

Pickup Steadily Climbs, Firmly Ranking First in Chinese High-End Pickup Exports. In May, pickup sales reached 7,223 vehicles, up 58% year-on-year. The domestic market continues to strengthen steadily, Maxus Pickup continues to cultivate high-end commercial, home leisure, off-road adventure, and other diverse scenarios. International competitiveness continues to lead, relying on the Star Stack Super Full-Stack Off-Road Platform technology strength, Maxus Pickup combines rugged performance with intelligent configuration, firmly ranking as China's Top High-End Pickup Export Brand, selling well in global mainstream markets.

[Brand New Interstellar L]

"Dark Horse" Yuejin New Energy Share Reaches 67%, Transformation Effect Leads the Industry. SAIC Maxus Yuejin light trucks are accelerating with new energy transformation, becoming a key growth pole in the 100 million user milestone. In May, Yuejin continued the strong momentum, achieving double growth in sales and new energy transformation — monthly sales reached 4,287 vehicles, up 41% year-on-year; among them, the sales share of new energy models reached 67%, a new high for the year, with sales volume surging 99% year-on-year! The transformation effect is significant, fully showing "Dark Horse" style. At the same time, channel and ecosystem layout continued to deepen: The national first ecosystem operation center Henan Zhian store grand opening, relying on Dannai T series new products, perfecting one-stop sales, service, and O&M system, precisely docking urban distribution logistics user needs.

[Yuejin Delivers Dannai T1 to SAIC Group Global 100,000,012th User "Didiron"]

Overseas Sales Reach New High, Globalization Map Continues to Expand. In May, SAIC Maxus overseas sales of 12,392 vehicles reached a new high, up 56% year-on-year, breaking the 10,000 vehicle threshold again. Southeast Asian market welcomed another key breakthrough: Stably ranked first in Singapore light commercial vehicle market share, and delivered eDeliver 5 (Domestic Dannai V1) to international logistics giant DHL, welcoming the Group's 100,000,009th user, nine years of cooperation footprint covering Europe, America, Asia, Oceania; At the same time, SAIC Maxus Yuejin brand reached cooperation with Vietnam's well-known commercial vehicle enterprise, empowering green logistics, accelerating China's intelligent manufacturing going global; T70 (Domestic Brand New Interstellar L) will land in Australia and Chile in the second half of the year, already secured over 800 intention orders before launch, highly sought after. Currently, SAIC Maxus products sell well in more than 100 countries and regions, light van and high-end pickup export volumes remain first in China, obtained global three five-star safety certifications, joined the preferred cooperation camp of global top enterprises, international influence continues to rise.

[eDeliver 5 (Domestic Dannai V1) Delivered to International Logistics Giant DHL]

Building Momentum for June: New Product Launch and 618 Promotion Relay, Continuously Lowering Car Purchase Threshold. Entering June, Maxus welcomes the all-new 2026 Model G50 launch, precisely entering family and commercial markets with "70,000 yuan-level super large super easy-to-use MPV", providing fuel and hybrid dual power. At the same time, Maxus 618 time-limited subsidy activity kicks off feverously: Dannai series time-limited rights price starting from 86,800 yuan, New Tu series time-limited fixed price starting from 86,800 yuan, pickup series launches 7-day free trial and trade-in subsidy up to 10,000 yuan, G50 elite version government-enterprise dual subsidy price starting from 80,800 yuan. Multiple benefits will further stimulate market heat, helping the brand continue the growth momentum.

[2026 Model Maxus G50]

Taking the group's production and sales exceeding 100 million as a new starting point, SAIC Maxus will anchor the vision of "Global Light Commercial Vehicle Leader", deepen dual brand synergy, accelerate new energy and globalization layout, persist in empowering global users with technology, products, and services, continuously leading the industry's high-quality development, and write a new chapter of globalization for China's intelligent manufacturing.

Connecting smart green transportation, enjoying a wonderful journey! On May 22, the ceremony for the batch delivery of Zhongtong New Energy Tourist Coaches to Macao China Travel Service Co., Ltd. under the Southlight Group (hereinafter referred to as "Southlight Macao Travel") was successfully held in Macao. Wang Zhijian, Party Secretary and Chairman of Shandong Heavy Industry Group, and Fu Jianguo, Chairman of Southlight Group, attended the event and cut the ribbon.

The delivery of this batch of range-extended new energy coaches is a landmark achievement of the deep collaboration between Zhongtong Bus and Macao's culture, tourism, and transportation sectors to jointly build a green and low-carbon Greater Bay Area. It is also a vivid practice of Zhongtong Bus using core technologies to create green application cases for the global high-end market and promoting the high-quality development of global green transportation.

Deeply Cultivating Core New Energy Technologies

Empowering Macao's Low-Carbon Transportation Development

As a high-end window for China's opening up and an important node city of the Greater Bay Area, Macao sets strict standards for the safety, stability, comfort, and regional environmental adaptability of passenger vehicles. It is a "high-end trial field" to test the smart manufacturing strength of new energy coaches.

Southlight Macao Travel is Macao's largest land passenger transport service provider. As a leading enterprise in Macao's tourism industry and a core operating entity for transportation, culture, and tourism, it has deeply cultivated Macao's entire industry chain of "eating, living, traveling, entertainment, sightseeing, and shopping". It is the backbone force of Macao's public transportation and cultural tourism passenger transport services.

To actively respond to the Macao Special Administrative Government's "Macau Long-term Decarbonization Strategy" and "Green Transition of Land Transportation" deployment, and implement the national "Dual Carbon" goals, in recent years, Southlight Macao Travel has comprehensively launched the new energy upgrade of its passenger fleet, accelerating the construction of a green, smart, and efficient modern passenger transport system. Zhongtong Bus has become its core partner for new energy development.

Zhongtong Bus has deepened its focus on new energy technology R&D and possesses the capability for full-series new energy coach product solutions, including pure electric, hybrid, and range-extended technologies. At the same time, with deep exploration of the global market, Zhongtong Bus has accumulated a massive amount of complex road conditions and multi-scenario operation data. Technology iterations continue to lead the industry.

Relying on hardcore technology and extreme adaptability, Zhongtong Bus's cooperation with Southlight Group covers cross-border, urban, and tourist passenger transport fields. The total cooperation scale reached 600 units, effectively boosting the quality improvement and upgrade of the local transportation industry.

Deeply Adapting to Macao Scenarios 

Customizing to Build Green Travel Benchmarks

Macao has a special regional environment, complex road conditions, congested traffic, and limited charging resources, facing challenges in new energy transition. Based on a deep understanding of Macao's local operation scenarios, Zhongtong Bus has tailored a range-extended product solution for the local area.

Zhongtong range-extended coaches combine the dual advantages of pure electric models (quiet and comfortable, zero idling pollution) and fuel vehicle models (worry-free range, convenient refueling/recharging), precisely solving Macao's pain points of insufficient charging infrastructure, limited long-distance range, and high operating costs.

At the same time, the vehicle has undergone comprehensive upgrades in comfort details and intelligent safety. High-end configurations such as ergonomic seats and healthy environmental interior decoration improve the quality standards of cultural tourism passenger transport. Deeply optimized vehicle passability and turning radius make the vehicle better adapt to Macao's street conditions, improving operational flexibility and safety. At the same time, the vehicle integrates intelligent systems such as collision warning, automatic emergency braking, tire pressure monitoring, and driving assistance, achieving a dual upgrade in safety and intelligence.

Relying on refined customization and all-dimensional comfort experiences, Zhongtong range-extended coaches have now become the main model for Macao tourism transfer and commuter services. Delivered in three batches to the Macao market, it has won high recognition from passengers and users.

Leading the Global Green Track 

Zhongtong Manufacturing Empowers Global High-Quality Development

Currently, the global carbon neutrality process is accelerating, and the green public transportation system is iterating and upgrading. New energy coaches have become a winning track for China's automotive industry development.

As a representative enterprise in China's coach industry, Zhongtong Bus closely follows the national "Going Global" strategy and the "Belt and Road" Initiative deployment. It takes new energy going overseas as a core development strategy, continuously increasing investment in overseas markets. Against diverse global market needs, it adheres to localization strategies, tailoring solutions for the market and enhancing product adaptability.

In Chile, over 1,000 Zhongtong pure electric coaches have become the backbone of local green public transportation; in Denmark, Zhongtong coaches on Bornholm Island have become a green landscape for the local area; in Dubai, Zhongtong Bus pioneered the entry of Chinese coach brands into the Dubai public transportation system; in Singapore, Zhongtong new energy coaches continue to provide innovative solutions for public transportation in Singapore's high-density cities...

Currently, more than 100,000 Zhongtong new energy coaches are roaming around the world. They not only bring green, intelligent, and efficient travel experiences to the world but also demonstrate the quality standards and innovative strength of Chinese manufacturing to the globe. With high-quality, highly intelligent, and low-energy-consumption green coach product solutions, they contribute Chinese wisdom and Chinese solutions to the development of global green transportation.

Milestones forge new starting points, dual brands unite to create new highs. In May, SAIC Group's cumulative production and sales exceeded 100 million units, making it the first automotive group in China to enter the "100 Million Vehicle Club." As the core entity of SAIC Commercial Vehicle, SAIC MAXUS series sold 25,605 units, a year-on-year increase of 44%! Among them, overseas sales reached 12,392 units, up 56% year-on-year. SAIC MAXUS new energy vehicle sales reached 11,051 units, "Dannar" sales reached 5,934 units, setting three new sales records! Yuejin new energy proportion exceeded 67%, setting a new high for the year; domestic and overseas sales both broke 10,000 again, honoring the 100-million milestone with hard-core results and laying a solid foundation for high-quality development throughout the year.

[SAIC Commercial Vehicle Five Brands Relay Delivery, Celebrating the 100 Million User Moment]

SAIC MAXUS May Hot Sales]

Light commercial vehicles doubled year-on-year, Dannar reached a new high again, "China's #1 Light Commercial Vehicle Brand" accelerates leading. In May, light commercial vehicle series sales reached 11,865 units, up 56% year-on-year. The hit "Dannar" series, relying on "Large Battery + Small Extended Range" super extended range technology and full-scenario wealth creation capability, further consolidated the benchmark status in the new energy light commercial vehicle market. Monthly sales hit a new high, reaching 5,934 units, surging 197% year-on-year. Dannar and New Tu series jointly cover users' full-scenario wealth creation needs, and the "China's #1 Light Commercial Vehicle Brand" accelerates leading.

[Dannar Super Extended Range]

Pickup trucks steady climb, firmly holds No. 1 position in China for High-end Pickup Exports. In May, pickup sales reached 7,223 units, up 58% year-on-year. Domestic market steadily strengthened, MAXUS pickup deepening cultivation in high-end commercial, home leisure, off-road exploration and other diverse scenarios. International competitiveness continues to lead, relying on Xingzhan Super All-Stack Off-road Platform technology strength, MAXUS pickup combines hardcore performance with intelligent configuration, firmly standing as China's #1 brand for high-end pickup exports, popular in mainstream global markets.

[New Interstellar L]

"Dark Horse" Yuejin new energy proportion reached 67%, transformation results lead the industry. SAIC MAXUS Yuejin light trucks are accelerating with new energy transformation, becoming a key growth pole in the 100-million user milestone. In May, Yuejin continued strong momentum, achieving double growth in sales and new energy transformation - single month sales 4,287 units, up 41% year-on-year; among them, new energy vehicle sales proportion reached 67%, setting a new high for the year, sales significantly climbed to 99% year-on-year! Transformation results are significant, showing "Dark Horse Posture". At the same time, channel and ecosystem layout continued to deepen: National first ecosystem operation center Henan Zhiaang store grand opening, relying on Dannar T series new products, perfecting one-stop sales, service, maintenance system, precisely docking urban distribution logistics user needs.

[Yuejin Delivery of Dannar T1 to SAIC Group's Global 100,000,012th User "DiShangTie"]

Overseas sales hit new record, global map continues to expand. In May, SAIC MAXUS overseas sales 12,392 units hit new record, up 56% year-on-year, breaking 10,000 unit threshold again. Southeast Asia market welcomed key breakthrough again: Firmly holding No. 1 market share in Singapore light commercial vehicle market, and delivering eDeliver 5 (Dannar V1 domestically) to international logistics giant DHL, welcoming Group's 100,000,009th user, nine years of cooperation footprints covering Europe, America, Asia, Oceania; At the same time, SAIC MAXUS Yuejin brand reached cooperation with Vietnam's well-known commercial vehicle enterprise, empowering green logistics, accelerating Chinese intelligent manufacturing going global; T70 (Domestic New Interstellar L) will land in Australia, Chile in the second half of the year, not yet launched but already won over 800 intention orders, highly sought after. Currently, SAIC MAXUS products are popular in over 100 countries and regions, light commercial vehicles and high-end pickup export volumes firmly hold No. 1 in China, won global Three Major Five-Star Safety Certifications, joined global top enterprise preferred cooperation camp, international influence continues to climb.

[eDeliver 5 (Dannar V1 Domestic) Delivery to International Logistics Giant DHL]

Accumulating strength for June: New product launch and 618 promotion relay, continuously lowering car purchase threshold. Entering June, MAXUS welcomes 2026 G50 refreshed launch, accurately cutting into family and commercial market with "70,000 level super large super useful MPV", providing fuel and hybrid dual power. At the same time, MAXUS 618 limited-time subsidy activity hotly started: Dannar series limited-time equity price 86,800 yuan starting, New Tu series limited-time one-price 86,800 yuan starting, Pickup series launched 7-day free trial and trade-in up to 10,000 yuan subsidy, G50 Elite version government and enterprise dual subsidy price 80,800 yuan starting. Multiple benefits will further stimulate market enthusiasm, helping brand continue growth momentum.

[2026 MAXUS G50]

With the group's production and sales breaking 100 million as a new starting point, SAIC MAXUS will anchor "Global Light Commercial Vehicle Leader" vision, deepen dual-brand synergy, accelerate new energy and global layout, persist in empowering global users with technology, products and services, continuously leading industry high-quality development, writing a new chapter of Chinese intelligent manufacturing globalization.

SAIC MAXUS Motor Co., Ltd.

SAIC MAXUS Motor Co., Ltd. (abbreviated as "SAIC MAXUS") is the core entity of SAIC Group's light commercial vehicle sector, with MAXUS and Yuejin two light commercial vehicle brands. Two brands with Iveco, SAIC Hongyan (Heavy Truck), Shanghai Sunwin (Bus), New Power Technology jointly compose the complete brand system of SAIC Commercial Vehicle.

As the core brand of SAIC MAXUS, MAXUS takes "Creating user enterprise with leading technology and full ecosystem chain" as mission, persist in making a brand with temperature, providing users with high-quality products and full ecosystem services, continuously leading new energy commercial vehicles to enter user value era.

Based in China, layout global, MAXUS builds "Global MAXUS, Quality MAXUS, Technology MAXUS, Ecosystem MAXUS" four core strengths - Products popular in 100+ countries and regions, becoming "Global MAXUS" recognized by international market; Relying on Davos Industry 4.0 "World Lighthouse Factory" and Three Major Five-Star Safety Certifications and other strict global standards to create "Quality MAXUS"; With "Super All-Stack Off-road Platform" Xingzhan Platform, "Super Commercial Vehicle Electric Architecture" Hongtu Architecture and other self-developed technology base becoming "Technology MAXUS"; Through Lingju Ecosystem, Interstellar Plan and other ecosystems building "Ecosystem MAXUS". MAXUS formed complete system ability from product manufacturing to technology empowerment, from ecosystem construction to global expansion, helping brand move towards "Global Light Commercial Vehicle Leader" vision.

SAIC MAXUS WeChat Official Account: SAIC MAXUS Weibo Official Account:

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When it comes to domestic car brands, many people's impression may still be stuck at the stage of mainstream family cars. However, this is already old news from a few years ago. You should know that current domestic car brands not only beat joint venture brands in the domestic market, but have also surpassed foreign car brands on multiple tracks such as high-end development and overseas exports. Take the Geely Automobile we are talking about today for example.

Growth Momentum Leads the Industry

According to the latest data released by the official, Geely Automobile's cumulative sales in May reached 237,637 vehicles. It achieved double growth year-on-year and month-on-month for three consecutive months, leading the overall market with stable growth and impressive results. However, compared to this already excellent total performance, many industry insiders, after seeing the sales results of each brand under Geely Automobile, will be amazed that its quality is also getting higher.

As is well known, there are two hardest markets in the automotive industry: the luxury high-end market and the overseas export market.

Taking Geely Automobile as an example, its "Global Luxury Technology Brand" — Zeekr Automobile, reached deliveries of 34,377 vehicles in May, an 81.8% increase year-on-year and an 8.1% increase month-on-month, achieving double growth for four consecutive months. The average transaction price per vehicle also increased by 52.4% year-on-year. What is even more shocking is that the sales share of Zeekr 9 Series and 8 Series, which are priced as high as 400,000 to 500,000, accounts for nearly 50%!

Not only that, Geely Automobile's "Global New Energy High-End Brand" — Lynk & Co, also achieved May sales of 20,732 vehicles, with new energy vehicle sales accounting for 70.8%, and the brand's cumulative sales have broken 1.8 million. This shows that Geely Automobile's high-end models have not only won the recognition of a large number of consumers with excellent product power, but have also completed the transformation of volume and price rising together at the brand level.

Of course, as the undisputed leading automotive enterprise in China, Geely Automobile's focus is no longer limited to the domestic market. It chose to go global to challenge the more difficult overseas market. This is not the case, May's overseas export achievement of 85,144 vehicles set a new record for export sales. It is worth mentioning that the hot-selling products of Geely Automobile brands overseas are also mostly high-end or new energy vehicles.

For example, Zeekr has entered more than 50 countries and regions, and the cumulative global delivery volume of Zeekr 7X has exceeded 160,000 vehicles; Geely Galaxy Starship 7 EM-i remained the champion of new energy plug-in hybrid SUV sales in Kazakhstan for March and April; Geely Galaxy E5 remained the champion of pure electric SUV-C market sales in Australia, Argentina, UAE, Morocco, and Uruguay for the first quarter, and stayed in the top three in Brazil, Uzbekistan, and Indonesia new energy pure electric SUV-C models!

Hardcore Strength Creates Brilliance

Obviously, whether it is the rapid sales growth trend, or the hot sales in new energy, high-end market and overseas market, it is inseparable from hard strength as support. Taking Lynk & Co Automobile as the first car racing brand in China for example, top technology shouldn't just stay on the marketing level, but must be proven on the track. Therefore, it recently announced carrying 03+ TCR Racer, 03++ Racer, and 03 CUP EVO three racing cars to participate in TCR China, CTCC China Cup, and Lynk & Co Cup three major events simultaneously.

With hardcore strength, Lynk & Co naturally fears no high-difficulty tests. In the two-round finals of TCR China, the 03+ TCR Racer achieved the results of 4 championships, 1 runner-up, and 2 third-place finishes with its hardcore performance strength; in the CTCC China Cup, the Lynk & Co Zongheng Racing Team even achieved the results of 2 championships, 2 runner-ups, and 1 third-place finish. At the same time, in the 2026 Season FIA TCR World Tour opener, the Starri TCR Racer of Geely China Star Racing Team (Geely Cyan Racing) also won the race in the final and brought back the historical first win. This not only means that Starri TCR has world-class competitiveness, but also marks that Geely China Star Racing Team has officially completed the first chapter of the Geely Automobile Sports New Era.

At the same time, in technical levels such as intelligence and safety, the Haohan inherited Geely and Volvo safety heritage, assisted driving mileage grew by 215% in one year, leading the entire industry with the fastest growth rate. In the recent Euro NCAP official test, Geely Galaxy Starship 7 EM-i (Geely STARRAY EM-i) successfully completed the exceeding standard bilateral serial limit crash test at the France UTAC Laboratory. This not only intuitively confirms Geely's leading vehicle safety technology and mature systematic safety strength, but also lays a solid foundation for Chinese automotive safety technology to go international and participate in global industry standards!

Daxia Car Talk: I believe many people, after seeing Geely Automobile's sales data, will have the praise "It's too comprehensive" in mind. After all, car enterprises that can achieve impressive results in new energy, high-end, overseas exports, and even on the track at the same time, let alone in the independent domestic brand circle, you can't even find a few car enterprises in the global automotive industry that can achieve these things simultaneously!

Let's look at a situation first: In 2025, the single best-selling car model in China was neither the Model Y nor the BYD Qin, but an A0-class pure EV small car with a starting price of under 70,000 yuan — the Geely Xingyuan. With 465,775 units sold annually, it was the best seller across all categories. Including fuel vehicles, SUVs, and MPVs, it ranked first. Equivalent to selling one unit per minute. Cumulative deliveries of 700,000 units were achieved in 573 days, making it the fastest model in the industry to reach this goal.

In Q1 2026, the car went a step further, breaking into the top 3 in global new energy vehicle sales, surpassed only by the Model Y and Model 3, and was the only Chinese brand model to enter this list.

On May 28, it added more. The all-new Geely Xingyuan went on sale, launching four models: 410 km Aspiration Edition, 410 km Riding Wind Edition, 480 km Exploration Edition, 480 km Exploration Plus Edition. Limited-time rights price from 61,800 to 91,800 yuan, launching the banner of "Five Champion Strength Upgrades".

Question arises: Why make such a big overhaul and upgrade for a competitor who has already taken the domestic sales crown? I believe there is only one answer — Geely's ambition is no longer domestic number one, but global new energy vehicle sales number one.

I. From "Domestic Sales Crown" to "Global Top 3", What Makes Xingyuan Qualify?

To understand "why Geely dares to think of global number one", first look at the old model Xingyuan's report card:

In terms of data, from its launch in October 2024 to the new generation upgrade in May 2026, cumulative deliveries reached 700,000 units in 573 days. In 2025, it took the annual best seller across all categories with 465,800 units. Total sales of A0-class pure EV sedans for the year were 1.323 million units, and the Xingyuan accounted for more than 35% of it. For every 3 A0-class EVs sold, one is the Xingyuan.

In terms of overseas, the Xingyuan has entered more than 30 countries and regions under the name EX2. In Brazil, sales broke through 2,300 units in two months after launch. In the Thailand Auto Show, weekly orders reached 3,300 units. It also won two international awards: "Brazilian Best Compact EV of the Year" and "Indonesia Auto Show Favorite EV". In Egypt, one out of every 3 EVs sold is the Xingyuan; pre-sale orders in Mexico exceeded 4,100; monthly registrations in the UK broke 1,000.

In terms of product capability, the old Xingyuan breaking out relied not on a single leading parameter, but on a set of "differentiated competition": Standard rear-drive and multi-link independent suspension across all series. The first to adopt a native architecture in the class, the first to standardize rear-drive independent suspension, the first to undergo global tuning. Wheelbase of 2,650 mm, crossing into the A-class space threshold. All series equipped with CATL cells, laying the trust foundation for range and battery safety.

Behind this combination strategy is a "Three-Pronged Attack" — using A0-class prices, near A-class space, and chassis quality common in 150,000-yuan class cars, competing upwards for family users and downwards for essential commuting groups. The killing power is visible from the sales trend: Monthly sales of the Xingyuan in May 2025 approached 39,000 units, expanded to 46,000 units in August, and in April 2026 it remained at the top with 41,938 units, with a significant gap remaining with competitors.

II. What Did the New Xingyuan Add?

1. Driving Control Upgrade: This time, full-dimensional verification was conducted for different extreme road conditions, comprehensively upgrading the three core experiences of "Driving, Steering, Braking". With the G-TCS 2.0 all-weather anti-slip system retaining rear-drive flexible fun, ensuring no slipping, no skidding, and no rollback on flat roads, slopes, and curves. The new brushless steering system responds twice as fast, supports three steering modes and self-learning at steering neutral position. The G-CST 2.0 all-scenario comfort braking system simulates experienced driver's foot feel, braking without nodding, driving without motion sickness.

2. Powertrain Upgrade: Old model 310 km version upgraded to 410 km, 410 km version upgraded to 480 km, all series range upgraded. Batteries still use CATL exclusive custom new generation cells, energy density 190 Wh/kg. It is the only A0-class EV small car in the class with all series standard CATL cells, liquid cooling temperature control, and 11-in-1 highly integrated electric drive. In terms of refueling, 30%-80% fast charging only takes 19 minutes. Liquid cooling system and new BMS ensure full-speed charging whether cold or hot, without sacrificing battery life.

3. AI Smart Cockpit Upgrade: Equipped with Galaxy Flyme Auto 2 smart cockpit system, based on 7-nanometer automotive grade Dragon Eagle 1 chip, 16GB RAM plus 128GB storage. 14.6-inch central control screen supports CarPlay, Huawei HiCar, Carlink full-domain connectivity. Voice Assistant Hi Eva supports fuzzy command understanding and context memory. Saying "I want to go home" automatically calls the latest Amap Version 850 to select the optimal route.

4. ADAS Upgrade: This is the most core change — equipped with the Qianli Haohan ADAS H3 solution, same source as high-end models. Highway/Roadside NOA is not restricted by roads and rain/fog weather, supports voice lane change, multi-scenario avoidance and automatic on/off ramp. Full-scenario MPI takeover rate exceeds 200 km. Parking can achieve full-scenario adaptation. APA parking assist supports one-touch parking, fingertip parking, remote control parking, covering more than 300 scenarios. HPA memory parking supports 2 km ultra-long memory, centimeter-level precision positioning. Learning a route once allows full automatic parking, with smart car following, auto spot finding, obstacle avoidance functions. Temporary route change requires no relearning.

III. Market Comparison

In 2026, the A0-class pure EV market competition intensity is more than one level higher than in the previous two years:

In terms of product capability, A0-class pure EVs have entered the "whether good" stage from "whether available". Xingyuan's advantage is that chassis quality and space performance are at the top level in the class. 2,650 mm wheelbase brought class-upgrade space, rear-drive independent suspension chassis layout. This is an extremely scarce combination in this price segment. Qianli Haohan H3 ADAS solution and Flyme Auto 2 cockpit system belong to Geely ecosystem capability downward release. The integrity and usability of intelligence have obvious generational gap advantages in the class. 19-minute fast charging brings substantive improvement to charging convenience.

In terms of market landscape, A0-class car retail volume reached 1.13 million units in 2025, up 59% year-on-year, one of the fastest-growing niche markets. Participants accelerated entry, Wuling Bingo S range pulled to 525 km, MG4 pricing dropped forming cross-boundary competition. But the turning point appeared in 2026 — purchase tax subsidy adjusted from full exemption to half collection, forming direct impact on the A0-class user group with extremely high price sensitivity. Small EV market growth slowed significantly in the first quarter. Some competitor models in April sales dropped more than 50% year-on-year. The market is undergoing drastic structural adjustment.

IV. Conclusion

Back to the question at the beginning: Is the all-new Geely Xingyuan enhancement aiming to seize the top spot in global new energy vehicle sales? My judgment is: Yes, but the path is not through a single hit product, but through global system capability. And this upgrade of the new Xingyuan can be called "Champion's Re-layout". It is not passive response, but adding more to actively open up a new gap before the opponent catches up. For it, the technical route has been chosen correctly, and market trends are also on its side. What remains to be seen is execution.

The Chinese automotive industry is at a critical stage of new energy transition and global layout.

In this macro context, as a leading commercial vehicle enterprise, SAIC Commercial Vehicle's latest market performance has become an important indicator for observing commercial vehicle market trends.

Data shows that in May this year, SAIC Commercial Vehicle sales reached 27,509 units, a 41% year-on-year increase. Among them, new energy model sales were 11,476 units, a 143% year-on-year increase; overseas market sales were 12,392 units, a 56% year-on-year increase.

The dual-line growth of new energy and export businesses has become the core engine for SAIC Commercial Vehicle's performance growth in May.

Looking specifically at segmented models, all brands under SAIC Commercial Vehicle show growth trends to varying degrees.

Maxus light commercial vehicle sales in May were 11,865 units, a 56% year-on-year increase; among them, Dama series sales were 5,934 units, a 197% year-on-year increase. The Iveco brand obtained some police and medical orders in the specialized vehicle market.

In the pickup segment, Maxus pickup sales in May were 7,223 units, a 58% year-on-year increase. The light truck brand Forthing sales in May were 4,287 units, a 41% year-on-year increase, with new energy model sales accounting for 67%.

Additionally, heavy truck brand Hongyan and bus brand Shenhuo completed specific vehicle deliveries for Taiyuan, Shanxi and Jiading buses respectively in May. The new power technology segment engine sales in May were 21,888 units, a 56.6% year-on-year increase.

Regarding the overseas market, SAIC Commercial Vehicle export sales reached 12,392 units in May. In the Singapore market, SAIC Maxus delivered eDeliver 5 models to logistics company DHL.

It is reported that in the second half of 2026, the Australian and Chilean markets plan to introduce the Maxus T70 model, and currently the model has a certain number of pre-orders in the above regions.

It is worth noting that SAIC Motor recently completed the delivery milestone of global cumulative production and sales of 100 million units. As one of the group's business segments, SAIC Commercial Vehicle's May sales data and progress in new energy and overseas markets are part of this overall scale.

Currently, the improvement of new energy penetration rates and localization of overseas markets have become the main focus areas for commercial vehicle enterprises.

SAIC Commercial Vehicle currently holds a leading position in the market share of domestic light commercial vehicles, new energy light commercial vehicles, and commercial vehicle exports.

Looking ahead, as demand for green transport capacity and intelligence increases in the global commercial vehicle market, whether SAIC Commercial Vehicle can continue to maintain the current growth rate and further solidify its position in the international supply chain remains to be seen.

Recently, the State Administration for Market Regulation officially announced the list of the first batch of National Quality Standard Laboratory cultivation construction projects. The "National New Energy Vehicle Quality Standard Laboratory" declared by SAIC-GM-Wuling Motor Co., Ltd. successfully entered the list, becoming the only state-quality standard laboratory approved for construction declared by an automaker. This marks that the enterprise has entered a new national stage in the construction of the new energy vehicle quality technology system.

The National Quality Standard Laboratory is a national-level technical innovation platform established according to the "Outline for Building a Quality Powerhouse". It mainly undertakes tasks such as basic research and application of major industry quality standards, development and promotion of high-level quality standards, and cultivation and gathering of quality standard talents. It has important strategic significance for promoting the construction of a Quality Powerhouse.

[SAIC-GM-Wuling "National New Energy Vehicle Quality Standard Laboratory" Successfully Selected]

The "National New Energy Vehicle Quality Standard Laboratory" approved for SAIC-GM-Wuling gathers over 4,000 R&D personnel, including PhDs, Master's holders, and foreign experts. It features multiple national-level innovation platforms such as a Postdoctoral Research Station, National Enterprise Technology Center, and National Industrial Design Center. It possesses 14 laboratories of international first-class standards, covering full-chain verification capabilities in Three-Electric Systems, Crash, NVH, EMC, Thermal Management, Intelligent Connected Networks, and Lightweight Materials. It has received 275 CNAS accreditations (including 81 international ECE accreditations) and possesses full-link testing capabilities from whole vehicles to components.

Relying on scenario data from 32 million base users and a big data center for million-vehicle level new energy vehicles, the laboratory can replicate users' real usage conditions, achieving full-chain quality prediction and closed-loop iteration from R&D testing to user usage. It fully supports the experimental verification of new energy vehicle electrification and intelligence technologies.

[Vehicle Test Site]

[Crash Laboratory]

[Three-Electric System Laboratory]

Currently, the laboratory has formed a batch of world-first, internationally leading, and industry-advanced landmark achievements. These include the world-first Intelligent Island Manufacturing System, which was selected for the country's first batch of "Pioneer-level Smart Factory" cultivation list; the Hongjing S passed the industry's first 80km/h side collision 15m high slope drop challenge; the Shenlian battery achieved a 76.6 billion km zero spontaneous combustion record. In addition, Wuling Air EV safety design was incorporated into ASEAN official technical specifications, and the DC charging standard obtained Indonesian SNI certification, achieving a "zero breakthrough" for Chinese vehicle enterprises in the ASEAN standard-setting field, successfully breaking the barriers of US, European, and Japanese standards.

[Hongjing S Passes Industry's First 80km/h Side Collision 15m High Slope Drop Challenge]

This selection in the first batch of National Quality Standard Laboratories is the result of SAIC-GM-Wuling's long-term persistence in positive R&D and deep cultivation of quality infrastructure construction. It means that the enterprise's new energy vehicle quality technology standards will align with the highest national benchmarks, achieving a key leap from "making good cars" to "defining good car standards", truly realizing technological autonomy, standard autonomy, quality autonomy, and controllable safety. At the same time, the laboratory will achieve technical breakthroughs, standard leadership, experimental verification, and industry empowerment through innovative quality management and service models, allowing "Chinese Standards" to go global along the industrial chain, contributing Wuling's strength to the "Belt and Road" standard connectivity. For users, the National Quality Standard Laboratory will become the "highest verification field" for SAIC-GM-Wuling product quality - from Three-Electric safety to body structure, from intelligent connectivity to whole vehicle durability, every model will undergo rigorous refinement under a high-standard, high-starting-point quality system.

Looking to the future, SAIC-GM-Wuling will use the construction of the National Quality Standard Laboratory as strategic support, promoting Chinese new energy vehicles from scale leadership to standard leadership, bringing higher quality mobility experiences to global consumers.

Currently, the global automotive industry is undergoing profound changes. Electrification reconstructs energy patterns, intelligence reshapes mobility logic, and carbon neutrality anchors development directions. According to statistics from the China Association of Automobile Manufacturers, China's new energy vehicle exports reached 2.615 million units in 2025, a year-on-year increase of 103.7%, ranking first globally for three consecutive years. Relying on its first-mover advantage, China's new energy vehicles have moved from the industry's periphery to the center stage. Against this backdrop, Jiangling Group New Energy is targeting the "15th Five-Year" strategic blueprint, focusing on "Autonomy + Co-creation", using technological innovation as wings, actively promoting its globalization strategy, and formally entering the new stage of "Value Deepening".

Nie Xiaoyong, General Manager of Overseas Business Department of Jiangling Group New Energy, delivers overseas market report at the launch of the all-new Ezis EV3

Jiangling Group New Energy Strategic Foundation, Three Major Tracks, Six Pillars Strengthen Competitive Barriers

The foundation of "Value Deepening" lies in the systematic reconstruction of strategy. Jiangling Group New Energy deeply recognizes that true globalization is by no means simple product output, but the deep rooting of value systems. During the "15th Five-Year" period, the enterprise will focus on the "Three Major Tracks" of "Refining Small Cars, Strengthening Mobility Cars, and Optimizing Autonomous Vehicles", building "Six Strategic Pillars" of "Technology Leadership, Model Innovation, Low-Carbon Empowerment, Full-Chain Strict Control, Digital Intelligence Drive, and Talent Accumulation", comprehensively consolidating development foundations.

At the technical level, Jiangling Group New Energy relies on mature core "Three Electric" technologies, paired with dual empowerment of intelligent connectivity and lightweight body, inheriting Jiangling Group's quality gene of "Safe and Reliable, Economical and Durable", creating core advantages such as ultra-low energy consumption and full-domain safety protection. Yichi 05 meets high standards for collision, has won the EU WVTA certification certificate, and passed local regulation certification in countries such as Australia, Thailand, and the UAE, crossing the most stringent technical thresholds globally with reliable quality.

Model Upgrade, Moving from Product Export to Local Ecological Symbiosis

Technical capability is the "ticket" to participate in global competition, but true globalization tests the upgrade of the model. To this end, Jiangling Group New Energy focuses on promoting product localization, manufacturing localization, and team localization, building a "R&D — Production — Marketing — Service" full-chain globalization system, joining hands with global partners to co-build energy, mobility, and intelligence ecosystems, achieving the transformation from single product trade to co-creation and win-win.

Latest data shows that Jiangling Group New Energy's overseas market has expanded to over 40 countries and regions, with business footprints covering five continents: Europe, Africa, Middle East, Southeast Asia, and South America. Export business has achieved positive growth for three consecutive years, with a year-on-year increase of 70% in 2023, 25% in 2024, and 203% in 2025, showing an accelerated rising trend.

Behind this achievement is a clear path for promoting globalization. From the first car landing in Singapore and opening the door to the South Asian market, to the successive listings in Mauritius, Sri Lanka, Nepal, and Pakistan, deeply cultivating core markets in the Indian Ocean and Southeast Asia; from the first appearance at the Canton Fair to the formal launch of Yichi 05S, and then to hundreds of Yichi 05S units shipping globally in batches, Jiangling Group New Energy lights up the global map with solid steps. In 2025, Yichi 06 appeared at the WNEVC World New Energy Vehicle Conference, concentrating on displaying the enterprise's systematic solutions in the field of intelligent mobility. On May 26, 2026, the all-new Ezis EV3 was launched globally in synchronization, bringing new and beautiful mobility choices for global users.

Worth noting is that Jiangling Group New Energy does not act alone in the overseas market. The enterprise actively builds a deep cooperation network with local dealers and service providers, having formed a relatively complete sales and after-sales service system in regions such as Southeast Asia, the Middle East, and Africa, truly achieving the leap from "selling cars" to "taking root".

Looking to the future, Jiangling Group New Energy will accurately implement the Jiangling Group's "1236" strategy, with clear strategic paths, firm technological faith, and an open and cooperative mindset, continuously deepening its cultivation of the global market.

The greatest truth is the simplest, and practical work is essential; born global, harmonious and symbiotic. Jiangling Group New Energy Ezis Automotive is writing a new chapter in the globalization of China's new energy vehicles with steady steps.

On June 1, Geely Automobile Holdings Co., Ltd. (shturl.) released May sales data, with sales reaching 237,637 units that month, achieving double-digit growth month-over-month and year-over-month for three consecutive months. New energy, overseas exports, and each brand segment delivered outstanding performance, demonstrating strong growth momentum.

Sales Rise Across the Board; New Energy Share Continues to Lead

In May, Geely Automobile's overall sales grew steadily, with its three core brands working in synergy:

• Geely brand sales reached 182,528 units, solidifying the group's sales foundation;
• Lynk & Co brand sales reached 20,732 units, cumulative sales exceeded 1.8 million;
• ZEEKR delivered 34,377 units, a year-on-year increase of 81.8%, achieving double-digit growth month-over-month and year-over-month for four consecutive months. The average transaction price per unit surged 52.4% year-on-year, with the 9-series and 8-series models accounting for nearly 50%.

Group new energy sales (including Geely, Lynk & Co, ZEEKR) reached 133,355 units, accounting for 56.1%, exceeding 50% for four consecutive months, showing significant results in new energy transformation.

Overseas markets achieved another breakthrough. May export sales reached 85,144 units, a new historical high. Among them, new energy product exports were 40,803 units, accounting for 47.9%, with global layout continuously deepening.

Multiple Brands Work in Unison; Product Matrix Continues to Upgrade

ZEEKR: Luxury Pure Electric Sales and Value Rise Together; Flagship New Product Leads with Power

The refreshed ZEEKR 009 officially launched on May 19, with a limited-time price starting at 413,800 yuan after benefits. The seven-seat Ultra+"Family Edition" order share exceeded 60%. The new car features a full-stack 900V high-voltage architecture, CLTC range of 720 km, adding 510 km of range in 10 minutes of charging, 0-100 km/h acceleration in just 3.9 seconds, paired with a 700 TOPS computing power Thor-U chip, achieving the pinnacle of intelligence and performance.

ZEEKR 7X global cumulative deliveries exceeded 160,000 units, expanding to over 40 regions in one year of going global; ZEEKR 9X cumulative deliveries surpassed 60,000 units, with shooting brake model confirmed orders continuously breaking 10,000.

Lynk & Co: Electrification Transformation Accelerates; Sports Performance Redefined

Lynk & Co May new energy model sales were 14,688 units, accounting for 70.8%. Lynk & Co 10 and Lynk & Co 10+ officially launched at the end of May and started the first batch of deliveries, redefining the standard for mid-to-large size sports pure electric sedans with ultimate driving control.

Coinciding with the brand's 10th anniversary, nearly 100 Lynk & Co stores nationwide completed image refreshes, and channel new energy transformation is landing on a large scale; meanwhile, signing Han Dongjun as the Automotive Sports Ambassador, with frequent race results, winning multiple championships in TCR China and CTCC events.

Geely Brand: Hit Models Frequently; Covering All Sub-segments

• Geely Galaxy: May sales 81,727 units, Xingyao 7 MAX sales exceeded 10,000 units within 23 hours of launch, all-new Xingyuan range fully upgraded, limited-time rights price starting at 61,800 yuan, 700,000 units delivered in 573 days;
• Geely China Star: May sales 100,801 units, double growth month-over-month and year-over-month, Boyue and Double Bin family year-on-year increase both exceeded 45%, Xingrui TCR race car won world-class event championships;
• New products such as Emgrand and Cowboy were launched successively, consolidating the leading position in the family car market; Emgrand family global cumulative sales exceeded 4.2 million units.

Dual Breakthrough in Globalization and Intelligence; Strengthening the Foundation for Development

Overseas markets bloomed in multiple points, with multiple ZEEKR and Geely Galaxy models topping sales lists in sub-segments in countries such as Australia, Mexico, and Malaysia; in May, Geely Automobile reached a strategic cooperation with the England team, continuously expanding the globalization "friend circle."

In the field of intelligence, Qianli Haohan assisted driving cumulative mileage reached 1.38 billion kilometers, activation rate 93.8%, year-on-year growth 215%, cumulative avoidance 8.9 million times, safety strength industry-leading. Geely Galaxy Starship 7 EM-i completed extreme collision tests, demonstrating Chinese automobile manufacturing strength with hardcore safety.

Based on the "One Geely" strategy, Geely Automobile will continue to deepen new energy and intelligence transformation, accelerate global layout, drive the Chinese automobile industry to continue upward with all-round upgrades in products, technology, and brands.