Profited massively, these three words can only describe CATL's performance in the first half of 2026.

On July 24, CATL released its semi-annual financial report. For the first half of 2026, CATL reported operating revenue of 276.917 billion yuan, a year-on-year increase of 54.80%; net profit attributable to shareholders was 43.284 billion yuan, a year-on-year increase of 41.98%; net profit after deducting non-recurring gains and losses was 39.013 billion yuan, a year-on-year increase of 43.44%. This means that regarding the core net profit attributable to shareholders, CATL earned 12.8 billion yuan more than the previous first half! In CATL's hands, cash and equivalents total approximately 340.58 billion yuan.

Looking at business segments, CATL achieved rapid growth in all three business segments. Among them, power battery systems generated revenue of 192.125 billion yuan, a year-on-year increase of 46.02%, accounting for 69.38% of total revenue; energy storage battery system revenue was 53.261 billion yuan, a significant year-on-year growth of 87.54%, accounting for 19.23% of total revenue; battery materials and recycling, mineral resources business revenue was 18.811 billion yuan, a year-on-year increase of 67.23%, accounting for 6.79% of total revenue. It can be seen that energy storage is the engine of CATL's growth this year.

From the perspective of gross margin, the gross margin of the power battery system segment was 20.63%, a decrease of 1.78% compared to the same period last year. The gross margin of the energy storage battery system was 23.96%, also down 1.56% from last year. The gross margin of battery materials and recycling, mineral resources business was 27.04%, an increase of 5.81% compared to last year. From the perspective of domestic and international markets, CATL's gross margin in the domestic market is declining, with a gross margin of 21.16%, down 1.78%. From the international market perspective, the gross margin is far higher than the domestic market, reaching 29.97%, an increase of 0.95% compared to last year.

From a market perspective, CATL's global leading position in power batteries is further strengthened. From January to May 2026, the global power battery market share was 40.2%, an increase of 2.2 percentage points year-on-year; domestic passenger vehicle installation share was 46.7%, an increase of 5.6 percentage points year-on-year, with domestic ternary battery market share reaching as high as 75.2%. Overseas markets broke through simultaneously, with overseas revenue accounting for 31.46% of total revenue, and overseas share steadily rising. Production capacity at overseas bases in Hungary, Spain, Indonesia, etc., continues to be established.

In the energy storage field, according to data from Xinlun Information, the company's energy storage battery shipments ranked first globally from January to June 2026. This is mainly due to AI computing power and new energy grid connection driving the concentrated landing of overseas and domestic energy storage projects. The energy storage side launched the 9MWh ultra-large capacity TENER, 6.25MWh Tianheng liquid-cooled energy storage cabin, and sodium-ion complete station system. Signed a three-year 60GWh sodium-ion energy storage long-term order with Hopeson, and landed large-scale independent energy storage benchmark projects.

Meanwhile, emerging businesses such as battery swapping, low-altitude eVTOL, and ships are being promoted in an orderly manner. Approximately 2,000 "Chocolate" passenger vehicle battery swapping stations have been built nationwide. The company's 5-ton class eVTOL has entered the airworthiness certification phase. Overseas heavy-duty truck battery swapping joint ventures have been established. Overall, currently CATL has sufficient capacity reserves. Existing battery system capacity is 525GWh, under-construction capacity is 764GWh, and capacity utilization rate is 94.86%.

Of course, for CATL, its growing profitability will inevitably attract criticism. This is because, looking at the current industry, the profitability of car companies is relatively too weak. In the first half of 2026, the average profit margin of the whole vehicle manufacturing industry was about 1.5%, creating a new low in nearly ten years. From the disclosed 2026 semi-annual performance forecast, the days of whole vehicle enterprises are clearly not good.

Except for BAIC BluePark forecasting a net profit increase of 14.65%-23.32% year-on-year, several other mainstream car companies showed significant declines: Haima Automobile (000572.SZ) forecast net profit decreased 0.64% to 47.61%, Changan Automobile, Great Wall Motor forecast decline both exceeded 57%, GAC Group forecast decline approached or even exceeded 60%, Seres forecast net profit year-on-year decline was between 151%-161.2%, turning from profit to loss. According to calculations, currently a terminal-priced model costing about 200,000 yuan, net profit per vehicle is only about 3,000 yuan.

Against this background, CATL will undoubtedly once again face the questioning of "car companies working for CATL". In 2025, CATL's operating revenue was 423.702 billion yuan, net profit attributable to parent company was 72.201 billion yuan. In the same year, the combined net profit of the five top car companies BYD, Geely, SAIC, Great Wall, Changan was 73.5 billion yuan, only 1.3 billion yuan more than CATL alone. And in the first quarter of 2026, CATL's net profit attributable to parent company was 20.738 billion yuan, while the combined total of the seven car companies Chery, Geely, BYD, SAIC, Great Wall, Seres, Changan was 17.5 billion yuan, the sum of the seven being less than CATL alone.

In June 2026, CATL Chairman and General Manager Zeng Yuqun, in a media interview, used the photovoltaic industry as a comparison to respond to car companies' complaints about its prices. He stated, "Now the lithium battery industry hasn't met the disastrous result that the photovoltaic industry has now, because CATL is propping up this price. As long as CATL brings the price down, it will be even worse than photovoltaic. Of course, this has not fully quelled outside doubts."

However, CATL also has grievances about the industry status quo. Zeng Yuqun previously stated that many people want to enter the battery industry. The first thing they do is come to CATL to poach talent or steal a bit of technology; then go to equipment manufacturers and material manufacturers, see what formulas they have, then combine them and say they have money to invest, and they get in. Zeng Yuqun pointed out that the imitation level of others (other manufacturers) might only be 60-70 percent, but they use low-price competition.

For example, in the procurement process of some enterprises, some decision-makers are only oriented towards completing current KPI (Key Performance Indicators), while the verification cycle for battery quality is long, and potential defects often appear only after the vehicle has been used for three to five years.

Zeng Yuqun believes that the reason why this low-price competition works is rooted in the impatient mindset and short-sighted behavior of some market participants. He believes that without CATL holding the front, the battery industry would be very chaotic. And looking at it from this perspective, it is actually not unreasonable for CATL, as the leader, to make money. What is scary is that if the leader doesn't make money, then this industry will be in danger.

[Car Insight Industry] Let's review the major events that occurred in the automotive sector on July 23, 2026.

Automotive Event One: Horse Power V6 Engine Prototype Successfully Ignited

Recently, the first prototype of Horse Power HORSE W30 successfully ignited. This model is expected to be paired with the Lotus sports car product line, further perfecting its full-spectrum product matrix from home efficient power to high-end performance power.

As a core product designed for the high-performance hybrid market, HORSE W30 balances ultimate performance, multi-scenario adaptation, and platform expansion capabilities. It can meet the demand for continuous power output in track scenarios and adapt to diverse scenarios such as complex terrain and daily commuting thanks to its flexible hybrid architecture, providing a new technical choice for high-performance hybrid vehicles.

Automotive Event Two: Tesla Releases Q2 Financial Report

 On July 23, Tesla released its Q2 2026 financial report. Tesla produced over 451,000 pure electric vehicles globally this quarter, a year-over-year increase of about 10%; deliveries exceeded 480,000, a year-over-year increase of about 25%. The Shanghai Super Factory delivered over 89,000 electric vehicles in June, up 24.4% year-over-year, setting a new high for the year; deliveries in the first half of the year totaled nearly 468,000, up 28.4% year-over-year. Tesla's total revenue for the second quarter increased by 26% year-over-year, reaching $28.2 billion.

As of the second quarter, Tesla's global paid assisted driving users have reached 1.48 million, with the assisted driving option rate in the North American market reaching a historic high, and over half of new vehicles subscribed to assisted driving upon delivery.

Automotive Event Three: The First iCAR V23 Officially Rolls Off the Line in Malaysia

 On July 22, ICAR Automotive officially announced that the first iCAR V23 in Malaysia officially rolled off the line, and the new car will arrive at dealerships by the end of July. According to previous reports, in November 2025, the sub-brand iCaur under Chery Automobile Group officially launched the iCaur V23 in Malaysia (domestically iCAR V23), launching a total of 2 models, priced at 119,800-132,800 Malaysian Ringgit (approximately 205,300-227,600 RMB).

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On July 15, the 2026 Australia Sydney International Bus Show (2026 Australasia Bus & Coach Expo) opened at the Sydney Olympic Park venue. The exhibition is organized by the New South Wales Bus Industry Association Bus NSW, and is the largest and most professional bus whole-industry trade event in Oceania.

Based on the high-quality development strategy, Zhongtong Bus made a strong appearance at this exhibition, gathering five classic models on three major technology routes – diesel, extended-range, and pure electric – Diesel version H12, Diesel version L7, Extended-range version H12, Extended-range version L8, Pure electric version N12, fully showcasing the global layout and high-end breakthrough of Chinese buses.

Zhongtong Bus's global exploration bears the era mark of Chinese buses, and even Chinese manufacturing, stepping onto the world stage. Since exports began in 2003, Zhongtong Bus's overseas territory has continued to expand, and its market share has steadily climbed.

According to the latest data from China Bus Statistics Information Network, in the first half of 2026, Zhongtong Bus exported 4,318 buses over 7 meters, a year-on-year increase of 23.65%, with a market share of 14.35%, demonstrating strong market resilience.

What truly allows Zhongtong Bus to stand firm in fierce competition is its "all-rounder" strength. From traditional power to extended-range hybrid, and then to pure electric, Zhongtong Bus has built a product matrix covering all technology routes, capable of providing precisely matched customized solutions based on the policy environment, climate conditions, road conditions characteristics, and operational needs of different markets.

From Singapore's narrow-body pure electric buses to Denmark's low-temperature anti-corrosion upgrades, from Dubai's first entry into high-end public transport systems to showcasing five models in Australia this time, Zhongtong Bus reads local needs first before presenting corresponding solutions. It is not standardized copying, but custom-tailored.

Behind the market breakthrough is Zhongtong Bus's long-term adherence to deep technology cultivation and forward-looking layout. As one of the first domestic enterprises to layout new energy R&D, Zhongtong Bus has continuously improved in core technology and quality control for many years, earning the pass to enter global high-end markets with solid strength.

Standing at the top bus exhibition in Oceania, facing global industry giants and Australian local operators, Zhongtong Bus not only needs to showcase products, but also needs to make clear China's smart manufacturing technical confidence and brand landscape to the world. The five boutique models exhibited this time are not only a precise response to the diversified needs of the Australian market, but also a pragmatic answer from Zhongtong serving global sustainable transportation with full-scenario solutions.

The Diesel version H12 and Diesel version L7 are two main models designed by Zhongtong Bus for high-intensity operational scenarios. The Diesel version H12 is equipped with the new generation "Golden Power Train", reducing fuel consumption by 5%～10% per 100 km compared to the industry average, balancing power and economy; The Diesel version L7 is adapted for business, tourism, group, rental and other scenarios, with a maximum climbing grade greater than 30%, powerful power, fuel-saving and efficient.

Extended-range version H12, L8, precisely anchor the dual needs of low-carbon transformation and cost reduction and efficiency increase. Targeting industry pain points such as uneven distribution of pure electric refueling facilities, limited range for long-distance operations, and high energy consumption for fuel vehicles, Zhongtong Bus relies on autonomous and controllable extended-range hybrid technology to achieve intelligent linkage of oil and electricity, energy allocation according to needs, possessing the triple advantages of ultra-long range, ultra-low energy consumption, and high adaptability, providing high cost-performance and high practicality product solutions for low-carbon transformation of passenger transportation in Australia and even globally.

Pure electric version N12 is a high-end product built by Zhongtong Bus for global traffic green intelligent transformation needs. Taking "Deep Customization" as the core, it can precisely adapt to operational scenarios of different countries. The whole vehicle is equipped with a new generation high-efficiency battery, motor, and controller system, combined with lightweight body design, lower energy consumption, more stable range, enough to support the frequent and long-term operational rhythm of urban buses. Domestically, it is the core transport capacity of urban public transport; Overseas, with the positioning of "Chinese Solutions", it deeply participates in the global traffic low-carbon revolution.

This appearance at the Sydney International Bus Show is a key step for Zhongtong Bus to perfect its global layout strategy, and also a vivid practice from "global layout" to "global deep cultivation".

In the future, Zhongtong Bus will continue to stand on a global vision, adhere to technological innovation, and deepen local adaptation, with the hard core strength of China's smart manufacturing, contributing more "Chinese Solutions" to the green upgrade and smart transformation of global public transportation.

July 16, the launch of the Thunder 16-in-1 Smart Electric Drive brought Geely back to the global spotlight on electric drive technology again. But behind the excitement, a deeper thread is emerging: Chinese electric drives are transforming from "followers" into "rule makers." Star Drive Technology's products not only serve domestic brands but have also penetrated international giants such as Jaguar Land Rover, Renault, and Lotus, signing long-term orders with top European automakers. When foreign automakers begin proactively purchasing Chinese electric drive systems, this "Power Output" revolution led by Geely has quietly rewritten the competitive map of the global automotive parts industry.

I. Technology Export, System First

For Chinese electric drives to go global, it relies not on a single product, but on a production and research system capable of adapting to global standards. Star Drive Technology has taken the lead in this regard. It has established R&D and after-sales service centers in Gothenburg, Sweden, forming a 24-hour R&D network connecting Asia and Europe. From software to hardware, all development follows global standards to ensure products meet the regulations and performance requirements of various markets. This "Localized R&D + Global Collaboration" model ensures that Chinese electric drives are no longer just "sent overseas for sale," but are deeply embedded within the global innovation chain.

In terms of manufacturing, Star Drive Technology plans to build an overseas manufacturing base in Malaysia, forming a production capacity network radiating across Asia and Europe alongside its five domestic bases in Wuxi, Hangzhou, Ningbo, Quzhou, and Jiaxing. An annual electric drive production capacity of 3 million units means it can handle orders from multiple domestic and international brands simultaneously and flexibly respond to market demand fluctuations. Production lines with over 95% automation rates, combined with micron-level machining accuracy, guarantee consistency in mass production and high quality. When "Chinese Smart Manufacturing" becomes replicable and exportable, overseas customers are naturally willing to open their doors to cooperation.

The verification system is also an important cornerstone of trust for technology export. The Star Drive Technology testing center has obtained CNAS certification and possesses the world's first 30,000 rpm single-motor direct-drive test rig, capable of covering over 95% of electric drive test projects. The "High-Quality Electric Drive" certification from the China Automotive Technology and Research Center and endorsement from Guinness World Records provide quantifiable verification bases for overseas clients. In cooperation with brands such as Jaguar Land Rover and Renault, this "hardcore verification" becomes a key element in eliminating trust gaps. System strength is the most hardcore passport.

II. Brand Endorsement, Value Symbiosis

Geely's global journey is aided by the "ecosystem effect" of multi-dimensional mutual empowerment within the brand. Core technology matrices such as Leishen AI Electric Hybrid 2.0, Shendun Gold Brick Battery, and Ocean Super Electric Hybrid jointly form a powerful technology endorsement network. When international automakers see the outstanding performance in performance and energy consumption of brands under Geely, such as Zeekr and Lynk & Co, and then look at the electric drive products provided by Star Drive Technology, trust naturally increases. This is a symbiotic model of "sister brands prototyping, technology base supplying power," which is a competitive advantage difficult for single electric drive enterprises to replicate.

More importantly, Star Drive Technology has accumulated "luxury DNA" by serving high-end brands such as Volvo, Lotus, and Jaguar Land Rover. These brands have extremely strict requirements for the supply chain, and the ability to supply stably for a long time itself means that Star Drive Technology has reached the global top level in terms of quality, delivery, and service capabilities. This "circle of friends" effect will further attract other automakers to join. When a Chinese electric drive enterprise appears on the procurement list of global top automakers, it is no longer a simple supplier, but a key part of the technology ecosystem.

From the perspective of order volume, long-term orders signed by Star Drive Technology with top European automakers such as the UK, France, and Germany have already proven that the acceptance of Chinese electric drives in the global market is rising rapidly. The motor installation volume stayed steadily in the top 3 of the industry in the first half of 2026. Behind this achievement is the steady execution of the G2G (Gear to Global) strategy. From East Asia to Southeast Asia, from Europe to Africa, the service network is being fully rolled out. Chinese electric drives are no longer hiding behind the scenes for OEM, but standing in the spotlight, participating in global competition in the identity of independent brands.

III. Discourse Reconstruction, Pattern Subversion

The global influence of the Thunder 16-in-1 Smart Electric Drive is reshaping industry discourse power. In the past, core technologies and patents of electric drive systems were mostly held by foreign giants such as Bosch, ZF, and Denso, and Chinese brands could only circle around the mid-to-low-end market. However, now Star Drive Technology, with over 1,000 patents, has formed complete technical coverage on the 400V to 900V full voltage platform. From the world's first 900V magnesium alloy electric drive to Thunder 16-in-1, every product is a result of independent R&D. Chinese brands have finally achieved a milestone leap from "following" to "leading" in this core track of electric drives.

The subversion of the competitive landscape is also reflected in the level of standard setting. When Geely Galaxy TT refreshed the Guinness World Records with 8.20kWh/100km energy consumption and a 45.6 km dual car drift, it actually established a new industry reference system. In the future, electric drive products that want to be recognized as "benchmarks" may need to meet the dual standards of extremely low energy consumption and extreme performance at the same time. This "exam" initiated by Geely forces all participants to increase investment and shorten the R&D cycle. Geely, which completed this exam first and handed in high scores, naturally occupied the initiative to define the track.

From the perspective of national strategy, China proposed the call to cultivate "Hidden Champion" enterprises, and Geely Star Drive Technology is exactly the typical achievement of this policy. It has made up for China's weaknesses in motor technology, high-end materials, and electronic control solutions that have long relied on overseas. When this core technology achieves complete autonomous control, the "chokehold" risk of the entire Chinese automotive industry is significantly reduced. More importantly, it proves to the world that China can not only make the best batteries but also the best electric drive systems. Today, when the trend of new energy is irreversible, the comprehensive output of this "Chinese wisdom" will accelerate the process of the global automotive industry shifting eastward.

Conclusion:

From the long-term contracts of European automakers to the global certification of Guinness World Records, Star Drive Technology has broken the international monopoly with system strength and won world recognition for Chinese electric drives. "The time will come to ride the wind and cleave the waves, I will hoist my cloud-white sail to cross the sea of blue." Geely is sending Chinese power technology to every corner of the global ocean with a thunderous momentum. When Chinese electric drives are no longer just a label of "Made in China" but become part of global standards, this battle of going global can truly be said to have won the future.

In June, New Power Technology engine sales reached 17,966 units, up 26.9% year-on-year, maintaining double-digit growth for six consecutive months; cumulative sales from January to June totaled 110,533 units, up 28.1% year-on-year. Among them, self-operated export sales grew 121.6% year-on-year, becoming one of the most obvious sectors driving growth.

However, for an engine company, shipping more products overseas is not just a change in sales figures.

Once an engine is installed in a generator set, construction machinery, or a vessel, it faces complex local operating conditions, scattered customers, and a long supply chain. When equipment fails, how long until parts arrive? Where are the maintenance personnel? Do local partners have the capability to handle it? These questions often determine more than the product itself whether a brand can stay in the overseas market long-term.

This is the reason why New Power Technology has accelerated the construction of overseas offices, service stations, and spare parts pre-deployment systems in the past two years. After exports ran faster, this traditional power company began to fill the link most needing time in overseas operations: service.

From Selling Engines to Going Overseas with Original Equipment Manufacturers

New Power Technology's overseas business did not start in recent years. Qin Weiwei, General Manager of New Power International Sales Division, stated that New Power Technology began engaging in import and export business as early as the 1990s, initially leaning more towards trading.

What truly pushed New Power Technology's overseas business into a new phase was riding the wind of Chinese OEMs going global collectively.

In the past few years, construction machinery, commercial vehicle, and power generation equipment companies have begun entering markets such as Southeast Asia, Africa, the Middle East, and Latin America on a larger scale. As a power supporting supplier, New Power Technology's engines also went out together with the complete machines. According to data provided by the company, in the first half of 2026, overseas business covered more than 100 countries globally, possessing nearly 70 long-term customers and 15 core OEMs.

Currently, the company's exported products are still mainly engines for generator sets, accounting for about 90%; engines for marine engines, pumps, and construction machinery account for about 10%. These products are commonly used in scenarios such as telecom base stations, hospitals, hotels, ports, oil exploration, livestock logistics, wind power, and data centers.

An engine is a typical intermediate industrial product; what customers buy is not just a powertrain, but an entire set of capabilities for continuous operation. Especially in markets with relatively weak infrastructure, a single equipment shutdown may mean that communications, hospital power supply, port operations, or mining production are all affected.

Therefore, overseas customers' requirements for products are also shifting from "can it be delivered" to "can it be guaranteed long-term".

From Project-Based Support to Front-loading Service Capabilities

Before 2024, New Power Technology's overseas services mainly adopted two models: one was OEMs buying out service fees and taking responsibility for after-sales of exported products themselves; the other was assigning personnel to support on-site in major overseas projects. As products entered more countries, this project-based service model began to be difficult to adapt to increasingly scattered markets.

In 2024, the company established an overseas service department under the original overseas sales division. At the time of establishment, the team had only 4 people, and there were only 2 overseas offices, mainly relying on dealer networks for service; by June 2026, overseas offices increased to 20, overseas resident personnel reached 17, and the overseas sales service network reached 211.

This does not mean New Power Technology completely copied the domestically built network model overseas. More often, the company is responsible for providing technology, training, parts, and service standards, while local partners undertake on-site service and customer connection. For engine companies, this is a more realistic approach: it must form service capabilities quickly while also truly integrating services into the local market.

From 2024 to the first half of 2026, the company cumulatively built 120 new service stations and continued to expand overseas training scale. In 2024, 32 training sessions were conducted, 36 in 2025, and 21 completed in the first half of 2026. Meanwhile, the overseas 7-day repair rate increased from 77% in 2024 to 88% in 2025, rising further to 90% by June 2026.

Behind the improvement of service capabilities, there is also a more fundamental parts issue.

Feng Chun, Senior Manager of New Power International Sales Division, stated that domestically, some common parts can be delivered in two to three days; but in markets like Africa and Latin America, shipping cycles can last several months, and emergency air freight is also affected by customs clearance, flight schedules, and local infrastructure conditions. In interviews, relevant overseas service personnel mentioned that facing cross-border logistics uncertainty, the company had to increase spare parts redundancy, placing common parts and some complete machines in overseas nodes in advance.

Currently, the company has already carried out parts and complete machine pre-positioning layout in Indonesia, Vietnam, Nigeria, Brazil, Kazakhstan, Turkey and other country and regional markets. The existing parts pre-positioning amount at 20 overseas market nodes has exceeded 2.7 million yuan, and plans are in place to continue supplementing; meanwhile, there are already 46 complete machines in pre-positioned overseas inventory.

For overseas customers, these inventories seem inconspicuous, yet they directly determine whether to wait for several weeks, months, or restore operation within a short time after equipment failure.

In Turkey, a local long-term cooperative dealer once stated that he regarded New Power Technology as "part of the family". In his view, New Power Technology product reputation is not only related to a single sale but also to whether local customers are willing to continue choosing this brand. Even if some end-users are not their direct sales targets, as long as it involves product usage experience and brand reputation, he is willing to actively assist communication.

After long-term product use and market accumulation, New Power Technology has a batch of loyal partners overseas who recognize its reliability and are willing to jointly maintain its reputation. For industrial products like engines, this trust does not come from simple transaction behavior, but from long-term stable product performance and consistently fulfilled service commitments.

Overseas Operations Compete on More Than Just Products and Prices

As the service network continues to spread, the challenges faced by New Power Technology have become more complex.

The overseas market is not simply copying domestic experience. Climate, altitude, fuel quality, operating habits, and language environments vary by country. Even if maintenance engineers have rich domestic experience, after arriving at the local market, they need to readjust to user needs and on-site operating conditions. Especially in regions where end customers mainly use local languages, relying solely on English and temporary translators makes it difficult to truly complete service downscaling.

Therefore, the product itself also needs adaptive development for overseas scenarios. New Power Technology's engines for generator sets cover a power range of 10—3000kW, all undergo highland testing at 5000 meters, and come standard with radiators adapted to 50 degrees Celsius environmental temperatures; for high-dust and special fuel quality conditions, corresponding optional solutions are also provided.

Beyond the traditional construction machinery and generator set markets, data centers are also becoming a new incremental direction. With the heating up of AI computing power infrastructure construction, demand for stable power supply and backup power at data centers is continuously rising. New Power Technology is exploring opportunities for 12VK, 16VK and other 1.8—2.4MW medium and high voltage units in the overseas data center field. In the first half of 2026, the company's generator set sales reached 3.29 million US dollars, up 21% year-on-year.

However, whether traditional power station power products or high-power products for data centers, the underlying logic of overseas market competition has not changed: selling the product is just the beginning, and subsequent service, parts, training, and local cooperation capabilities determine whether a brand can form a long-term reputation.

For New Power Technology, export growth brought new market space, and also forced it to make up for this "slow work" of overseas service. When more and more Made in China products enter the overseas market, competition will no longer be just price, performance, and delivery speed, but who can truly leave service capabilities in the local area.

[June 15, 2026, Shangrao, Jiangxi News] Today, CFMOTO achieved a historic top speed breakthrough in China's motorcycles at the CCCC Automotive Comprehensive Test Site in Shangrao, Jiangxi. Its 1000cc superbike, CFMOTO V4 SR-RR, equipped with a fully self-developed V4 core power platform, challenged by two generations of top Chinese riders, Dupont and Huang Shizhao, achieved a measured top speed of 315.82 km/h*, successfully breaking the top speed record for domestic motorcycles. With this extreme performance, CFMOTO has helped China become the fourth country globally to break the 300 km/h+ threshold, declaring that Chinese brands have officially entered the ranks of global motorcycle top performance.

300 km/h+ is a major technical efficiency watershed in the global high-performance motorcycle field. Liter-class superbikes have historically been the track with the highest technical barriers and strictest R&D thresholds in the global motorcycle industry. CFMOTO's V4 SR-RR broke this monopoly this time, marking that China's motorcycle self-developed power technology has crossed the world-class threshold, refreshed the performance boundaries of the Chinese motorcycle industry, and established new industry benchmarks for Chinese brands to participate in global high-end competition. This challenge was monitored and recorded by the National Motorcycle Quality Inspection and Testing Center (Chongqing) and the National Notary Office of Hangzhou City, Zhejiang Province throughout, ensuring the authenticity and validity of the measured data.

CFMOTO Vice President Chen Zhiyong stated on site: "This top speed breakthrough of the V4 SR-RR stems from CFMOTO's long-term persistence in self-development and refining technology through global top-level events. Today's success means that Chinese motorcycles have officially realized a role shift from technical catch-up to leadership. Now, our self-developed liter-class models have successfully joined the ranks of world-class top performance technology, representing that Chinese strength is beginning to deeply participate in and reshape the global high-performance motorcycle industry landscape. For this, CFMOTO feels deeply honored and proud."

CFMOTO V4 SR-RR Measured Top Speed 315.82 km/h*, Successfully Breaks Top Speed Record for Domestic Motorcycles

This challenge was monitored and recorded by the National Motorcycle Quality Inspection and Testing Center (Chongqing),

Hangzhou City, Zhejiang Province

National Notary Office throughout, ensuring the authenticity and validity of the measured data

From "Manufacturing" to "Innovation", Hardcore Self-Development Breaks Core Technical Barriers

This top speed breakthrough broke the long-term technical monopoly of Japan and Europe's high-end brands, reflecting a systematic leap in the Chinese motorcycle industry in core technology areas. For a long time, liter-class motorcycles have been considered the "peak of the pyramid" technology area of the global power industry, involving complex system engineering capabilities such as engine thermal management, high-rpm stability, aerodynamics, and electronic control coordination, long dominated by a few overseas brands. The CFMOTO V4 SR-RR that created this record, as an engineering prototype before formal mass production, is neither a special edition nor a race-spec version; it represents the pinnacle of Chinese fuel power technology. And its realized 300 km/h+ top speed breakthrough means that Chinese motorcycle brands have truly mastered the core password of world-class top performance power platforms.

As the core of the vehicle, the V4 SR-RR is equipped with CFMOTO's self-developed 997cc 90-degree V4 water-cooled four-cylinder engine, MotoGP racing-sourced technology, with a maximum RPM of 15,000. Maximum power is 157 kW (over 210 hp), vehicle dry weight controlled at around 180 kg, dry weight to horsepower ratio of only 0.86, matching global top superbikes in key indicators such as power output, weight reduction control, and high-speed stability. Related patents for this engine have exceeded 40, with core components to system integration all being forward self-developed.

More importantly, the breakthrough represented by the V4 SR-RR this time is by no means a single-point display of skills, but is based on a complete independent technology system: The V4 SR-RR is equipped with MotoGP World Motorcycle Championship sourced counter-rotating crankshaft technology, the first application of this technology on a domestic model, effectively suppressing wheelies at start, greatly improving agility in corners. At the same time, the V4 SR-RR is also equipped with an active electronic control adaptive wing system. As one of the first global mass-produced active aerodynamic kits, this system can automatically adjust angle according to vehicle speed, reducing 12% aerodynamic drag during acceleration, and increasing 45% downforce on the front wheel at high speeds.

In addition, the vehicle is equipped with a full-dimensional electronic safety system e-CBS (combined front and rear braking), bi-directional quickshifter, hill start (VHC), 6-axis IMU sensor, cornering ABS (cornering anti-lock braking system), full-function TCS (full-function traction control system), cruise control, and other multiple intelligent protection functions, achieving comprehensive safety backup while unlocking extreme performance, providing multiple safeguards for Chinese riders to create this top speed achievement.

Chinese riders Dupont and Huang Shizhao drove CFMOTO V4 SR-RR to break China's Top Speed Record

Promote Research Through Racing, Tempering Chinese Technology from World-Class Tracks

Top speed breakthrough was not accomplished overnight, but is a concentrated result of CFMOTO's long-term persistence in the strategy of "promoting research through racing and combining research and use". Continuous high-intensity R&D investment is the fundamental guarantee to break technical barriers. In 2025, CFMOTO's R&D investment was 1.22 billion yuan, accounting for 6.18% of operating revenue. As of the end of 2025, the enterprise has cumulatively obtained 2,119 authorized valid patents, including 242 invention patents, and participated in formulating 71 national, industry, and group standards.

At the same time, for many years, CFMOTO has continued to work hard, through deep participation in global top-level events such as MotoGP, W2RC, tempering core technologies such as power platforms, chassis control, and aerodynamics in extreme conditions, verifying product reliability, gradually building an "racing verification—technology iteration—mass production landing" R&D closed loop. In the 2024 season, the CFMOTO Aspar team won the MotoGP Rider/Team/Manufacturer Triple Crown, becoming the first Chinese manufacturer champion in MotoGP history. At the same time, CFMOTO, by acquiring equity in the Moto2 chassis king Kalex engineering company, directly gained globally leading chassis engineering technology, massive racing R&D data, and top-tier manufacturing processes, achieving a leapfrog improvement in technical capabilities. Distinguishing from international brands "track technology slowly transferred down", CFMOTO realized synchronous iteration of racing R&D and civil mass production: MotoGP-verified power curves, chassis rigidity, and electronic control algorithms were quickly applied to CFMOTO's V4 SR-RR and 500SR models.

2026 Brazil Round CFMOTO Aspar Team Swept Moto3 1st and 2nd Place

Also relying on rich technical engineering and service experience accumulated from global top-level events, CFMOTO continues to rapidly integrate globally top-level track technology and experience into mass-produced civil high-performance product capabilities, and through years of continuous unremitting efforts, continuously refine its own technical R&D strength, while also constantly promoting supporting parts enterprises to synchronously share track-level manufacturing processes, upgrading precision machining capabilities, thereby helping the industry chain change the past reverse engineering Japanese style old path, vehicle manufacturers and parts manufacturers synchronously start forward development, pushing the entire industry's technical ceiling to lift. Finally, through the systematic support of China's intelligent manufacturing system and supply chain capabilities, it successfully stably landed "track-level performance" into the achievement of "mass-producible liter-class superbike".

CFMOTO V4 SR-RR Core Team Representatives

From Technical Pursuit to Global Competition, Chinese High-end Motorcycle Industry Chain Collaborative Upgrade

The V4 SR-RR's historic breakthrough is not only a technical milestone event for CFMOTO, but also a concentrated embodiment of Chinese motorcycle industry chain collaborative upgrade. From core engine precision components, lightweight forged kits, to high-end electronic control systems, aerodynamic supporting components, and intelligent hardware and software, many domestic "Specialized and Innovative Enterprises" collaborated to tackle difficulties, relying on China's complete industrial manufacturing system and rapid iteration capabilities, jointly promoting domestic motorcycles to reach international leading levels.

Behind this breakthrough is reflected the development trend of Chinese manufacturing continuously leaping towards high-end, intelligent, and globalized. In the past, liter-class motorcycles were long seen as the "crown jewel" of global industrial manufacturing capability and power technology levels. Now, Chinese enterprises are achieving breakthroughs in this high-technology, high-threshold field, and gradually building increasingly solid global competitiveness. CFMOTO's technical upgrade and capacity expansion are now becoming a key force to drive regional industry chain aggregation, achieving "One move of the leader activates the whole board". Such as relying on the Zhejiang Wen-Tai Auto-Motorcycle Parts Industry Belt (Ruian, Yuhuan, Jinhua) and the local industry foundation of Chongqing Motorcycle Capital, the enterprise has built a 100-kilometer supply chain circle, achieving high precision, low-cost manufacturing: Hangzhou headquarters connects closely with many local supporting enterprises; while Chongqing production base pulls Sichuan-Chongqing local parts manufacturers to expand production and upgrade, helping them turn to medium-to-large displacement precision parts supporting to realize industrial upgrade. In terms of intelligent experience improvement, deepening application with official partners Insta360 and Amap Open Platform, joined forces in scenarios such as smart image recording, smart navigation, achieving deep empowerment of smart riding.

At the same time, as an internationally leading power sports brand, from "product output" to "brand output + technology output + local manufacturing" systematic success, CFMOTO's global development strategy pace is clear. As the global leader in ATVs, the enterprise possesses both two-wheel high-end breakthrough and JINCHI Electric rapid growth. And overseas R&D production channel full coverage, racing-driven brand premium, etc., prove that CFMOTO has become a global benchmark for Chinese power equipment.

Upholding global development concepts, CFMOTO continues to layout global R&D, manufacturing, and marketing systems. Currently, the enterprise has built three major manufacturing bases in Hangzhou, Chongqing, and Zhuzhou domestically, and laid out production bases in Thailand and Mexico, business covering over 100 countries and regions, owning more than 9,000 distributor networks, and constantly bringing more and more "China Smart Manufacturing" boutique products to users around the world, creating a brighter, high-end Chinese brand business card.

CFMOTO Successfully Opened Global Market (Picture shows 2025 CFMOTO MT Challenge Global Finals)

From technical pursuit to independent innovation, from product going global to brand going global, CFMOTO is pushing the Chinese motorcycle to complete the leap from "capable of manufacturing" to "capable of optimizing", from "participating in competition" to "defining standards" with the V4 SR-RR's historic top speed breakthrough. The V4 SR-RR is not only a Chinese liter-class superbike, but also the epitome of CFMOTO's "Racing Driven, Technology Self-Developed, Global Layout" strategy, marking that the Chinese motorcycle has officially joined the world high-performance first tier. In the future, CFMOTO will continue to deeply cultivate high-performance power core technologies, help the Chinese motorcycle industry move towards high-end, intelligent, and internationalized directions, injecting more Chinese power into cultivating new quality productive forces and building a manufacturing powerhouse.

*This record is a GPS top speed achievement realized by professional riders driving Chinese fuel motorcycles in a closed test site, officially certified by the National Motorcycle Quality Inspection and Testing Center (Chongqing) and the National Notary Office of Hangzhou City, Zhejiang Province

June 11, the "Automotive Multi-power System Technology Upgrade and Market Adaptation — 2026 World Power Technology Continuous Innovation and Market Trends Seminar" organized by the Automotive Evaluation Institute was held in Chengdu.

This annual industry event, which witnessed the evolution of China's automotive power systems from DCT to hybrid and then to multi-power systems, brought together experts from industry organizations such as the China Machinery Industry Federation and the China Automotive Industry Consulting Committee, research scholars from universities including Tsinghua University, Beihang University, Harbin Institute of Technology, and others, and technical heads from more than 20 complete vehicle and core component enterprises such as FAW, Dongfeng, Great Wall, Geely, NIO, etc. Representatives from industry, academia, and research gathered together to jointly analyze the trend of global power technology development and build consensus for the high-quality development and global layout of China's automotive power industry.

Industry Transformation Enters Deep Water Zone, Long-term Consensus on Multi-Power Development

Zhang Wenhong, Deputy Secretary of the Party Committee and Vice President of the China Machinery Industry Federation, emphasized in his opening remarks, "No single technology can dominate the global market in the next decade, and technology routes such as hybrid, pure electric, and hydrogen energy will run parallel for a long time." He proposed three suggestions: First, adhere to diverse technology routes and respect demand differences in different regions and scenarios; for commercial vehicles, cold regions, and scenarios with inconvenient refueling/recharging, hybrid and range-extended power still have long-term value; Second, focus on tackling core components, collaborating with universities and upstream and downstream enterprises to break through 'bottleneck' links such as high-safety batteries, high-efficiency motors, and silicon carbide controllers; Third, strengthen market adaptability, carry out scenario-based development for different markets such as Southeast Asia, Europe, and the Middle East, and promote the industry chain going out together.

Zhao Hang, Member of the China Automotive Industry Consulting Committee, used data to verify the trend of power diversification: "Although the top ten domestic car sales in May this year were all electric vehicles, internal combustion engines cannot turn the tables, nor will they dominate the world." He pointed out that it will take at least decades to digest and iterate the existing stock of fuel vehicles and corporate investment, hybrids, especially plug-in hybrids, still have huge development space, while hydrogen fuel is hard to compete with pure electric vehicles in the passenger car field and is more suitable for heavy-duty trucks and fixed power generation scenarios. He also reminded the industry to pay attention to the profitability problem of electric vehicles. Most enterprises still rely on capital and government subsidies to operate, which is not a long-term solution.

Li Qingwen, President of the Automotive Evaluation Institute, systematically elaborated on the judgment of the current industry situation in his speech. He pointed out that the Chinese automobile market experienced a rare significant decline in the first five months of 2026 in nearly 30 years, the industry profit margin dropped from 7% to 8% five years ago to 3.4%, the number of new car models last year reached over 1700, and in the first four months of this year, it has exceeded 1600. Excessive technological innovation and the clustering of model releases have intensified industry involution.

Addressing the view commonly circulated in the industry that 'the first half of the new energy electrification strategy is over', Li Qingwen explicitly expressed opposition. He pointed out that China has filled the moat of Western century-old internal combustion engines with electrification innovation, but if progress halts at this time, it may also be overturned in subsequent competition. "This is a process of technological and corporate cleansing. Whoever slows down suffers losses."

Regarding the profit margin dropping to 3.4%, he made a structural analysis: The main body of profit decline is joint venture companies — Beijing Benz's profit margin halved, while Brilliance BMW, Beijing Hyundai, and Dongfeng Peugeot-Citroën all dropped significantly. In the past era of 7% profit margin, joint venture companies took about 70% of the profits, while Chinese brands only accounted for 30%. "In the future, the profit margins of Chinese brands will rise, while joint venture brands will continue to decline."

He also judged that 35 million units is not the ceiling of the Chinese automobile market, and there is still room for slight growth in the future. It is expected that China's automobile exports this year will reach 9 to 9.5 million units, and is expected to hit 10 million units.

Industry-Academia-Research Collaboration Breaks Through Core Technologies, Clear Direction for Power 'Four Modernizations'

At the seminar, several university experts shared the latest research results in the field of power technology and industry-academia-research transformation practices, and agreed that power systems are evolving towards the 'Four Modernizations': power efficiency, electrification of drive, intelligence of control, and diversification of energy.

Xu Xiangyang, Chairman of the World Top Ten Gearbox Evaluation Committee, Professor at the School of Transportation Science and Engineering, Beihang University, and Executive Deputy Director of the National Light Vehicle Automatic Transmission Engineering Research Center, provided data support from a global perspective: "The technology routes in the four major regions of the United States, Europe, China, and Japan are not completely consistent, and a single technology route cannot meet the user needs of different regions; diversification is the core of power technology development." He revealed that at the Vienna Auto Show in April, almost every report mentioned China, and Volkswagen Commercial Vehicles has decided to place all R&D and the industry chain in China, implementing the strategy of 'In China for China, In China for the World'.

"We need to make China the source of original innovation in global automotive technology before 2040, with power innovation leading the world."

On the technical path, he proposed that the production heat efficiency of future hybrid dedicated engines will break through 47% to 48%, and the comprehensive efficiency of the electric drive system is expected to rise to 94.5%. AI technology will empower the full lifecycle of power systems, achieving maintenance on demand and intelligent energy management.

Cai Wei, Professor at Harbin Institute of Technology, Chief Scientist of the Engineering Research Center for Automotive Electronic Drive Control and System Integration of the Ministry of Education, and Foreign Academician of the Russian Academy of Engineering, focused on motor technology and new material applications. He pointed out that permanent magnet motors are still the mainstream, flat wire oil cooling is the trend, wide bandgap semiconductors installed capacity reached 20% last year, and sintered packaging will replace welding. But he also reminded that technology is far from the ceiling — "If you can't solve heat dissipation, everything is empty talk." He revealed that the hub motor loaded on the Dongfeng eπ 007, mainly designed by the HIT team, has obtained the MIIT announcement, becoming the world's first hub motor model that can be mass-produced. Regarding material cost reduction, his team uses copper sintering instead of silver sintering for silicon carbide controller packaging, with costs only one-tenth of silver sintering, solving the industry problem of copper oxidation. Currently, this technology has been supplied in mass production to several domestic complete vehicle and component enterprises.

Shuai Shijin, Professor at the Research Institute of Aero-Engines, Tsinghua University, verified the global trend of hybrids with a set of data: From 2024 to 2025, pure fuel vehicles decreased by 4%, hybrid vehicles increased by 4%, and China, the United States, and India are all growth markets. He also gave the physical upper limit of internal combustion engine thermal efficiency — the theoretical upper limit of gasoline engines is about 50%, and the so-called 70% to 80% has no theoretical basis. Currently, gasoline engines have been pushed from 35% to 45%, approaching 50% is feasible, and China's HEV has walked an independent technology path.

Enterprise Practices Blossom, High-Voltage Architecture and AI Calibration Advance in Parallel

At the level of enterprise practice, multiple complete vehicle and supply chain enterprises shared the latest technical progress, covering multiple dimensions such as high-voltage architecture, hybrid platforms, off-road power, and AI empowerment.

Zhao Xuesong, Chief of FAW Qixin Power (Changchun) Technology Co., Ltd. introduced: The Hongqi hybrid platform has formed three major platforms: transverse, longitudinal, and off-road, comprehensively covering all Hongqi models. The transverse platform, through joint research with universities on structural optimization and material application, controls the assembly weight within 100 kilograms, reserving sufficient space for batteries and high-end chassis configurations. His core judgment on the power system is: the power system is no longer an isolated power source, but the core execution unit of the whole vehicle, and will move from mechanical coupling to a global intelligent agent.

Zhu Yongqing, Chief Engineer of Power Chassis at Great Wall Motor Technology Center, shared the Hi4 off-road power grading system, covering from city SUVs to military-level super off-roading, and Hi4-T won 11 out of 13 stages in the recently concluded Ring of Tarim Rally. In terms of energy consumption optimization, Great Wall has mass-produced cloud-based path planning based on dynamic programming, reducing system-level energy consumption by 15%. He particularly mentioned that power split technology is worth digging deep into, comparing hybrid power energy management to the millennium wisdom of Dujiangyan's 'four-six water division'.

Ren Chuanwei, Director of NIO's Electric Drive & High-Voltage Mechanical Integration and EDU Department, detailed the technical advantages of NIO's global 900-volt high-voltage architecture. From 2021 argumentation to mass production landing, it took nearly 40 months. NIO became the first domestic automaker to mass-produce the 900-volt high-voltage architecture, with DC charging power reaching 600 kilowatts, and recharging 250 kilometers in 5 minutes. In terms of electric drive, NIO is the first enterprise in the industry to mass-produce distributed winding motors on a large scale, reducing weld points by 96%, with a mass production quality rate of 99.7%. He emphasized that high-voltage, high-speed, and integration are the direction, but safety and reliability are the premise.

How to break through 50% thermal efficiency for hybrid dedicated engines was the focus of the technical discussion at this seminar. Guan Yongchao, Chief Engineer of New Energy Power at Dongfeng Motor R&D Center, and Ma Yongquan, Chief Engineer of Foos Power Advanced Technology Development, gave the same answer: lean combustion.

Guan Yongchao expects mass production landing from 2027 to 2028, while Ma Yongquan judges it will be realized in the next two to three years.

Ma Yongquan revealed that Geely's alcohol engine route persisted for over 20 years has achieved the latest results — the 2.0TD ultra-lean alcohol engine thermal efficiency exceeds 48.7%, the high-efficiency zone accounts for over 50%, providing a new path for zero-carbon power development.

Xu Zhe, Calibration and Testing Manager of Xingqu Technology, started from the perspective of AI empowerment. Xingqu has been established for only 4 years and has already provided electric drive systems for models such as Zeekr 001, 8X, 9X, and Lynk & Co 900. The team's self-developed calibration data management platform 'Tree of the World' reduced communication costs by 80% and improved software integration efficiency by 100 times. In terms of NVH, the team achieved the theoretical limit of harmonic injection compensation — controlling harmonics to 5K under a 10K switching frequency, without increasing CPU load, reducing NVH levels by more than 20dB in most areas.

Going Global Must Shift from Product Export to Industry Chain Collaboration; Compliance and Localization are Key

Going global is another major hotspot of this seminar, the consensus among guest participants is: cannot just do product export, must do industry chain collaborative going global.

Ma Yongquan of Foos Power introduced Geely powertrain going global practices. Foos Power is held 45% by Geely, 45% by Renault, 10% by Saudi Aramco, headquartered in London, with nearly 20,000 global employees and annual revenue of 15 billion Euros. This 'Reverse Joint Venture' model, where 'traditional power comes from foreign partners, and new energy technology comes from Geely', aims to use the mature overseas sales system of foreign car companies to achieve power block going global.

The academic circle also holds similar views on powertrain going global. Professor Shuai Shijin from Tsinghua University pointed out that the market share of independent brands in China has exceeded 70%, joint venture brands face huge pressure, but for the industry to go out, joint venture brands must be given a reasonable space to survive, and respect their contributions to China's economy. He called for the industry to go out together — taking Thailand as an example, Chinese enterprises are not fighting alone but deploying as a Chinese legion with full-chain localization, which is the model welcomed by overseas markets. He also reminded that hybrid power is a new growth point for exports, with significant growth trends in regions such as Africa, South America, and Central Asia, the transition from single product export to industry chain collaborative going global is a transformation that must be completed.

Professor Xu Xiangyang from Beihang University gave systematic suggestions from the practical level. He emphasized standard docking and compliance first — the more developed the country, the higher the requirements for compliance, if this part is not done well, one fall will be a big stumble; this is not a one-off deal. Specifically: R&D and production must be localized, the industry chain cluster must collaborate, powertrain and component suppliers must go out with the complete vehicle; talent must be governed locally. He specifically pointed out that how multinational corporations came in during the Reform and Opening-up, that is how Chinese enterprises should go out; this idea itself is clear enough.

Roundtable Heated Discussion Returns to Rationality, Moving from Radical Iteration to Steady Innovation

In the free discussion session with the theme of 'When will technical iteration become steady from radical', representatives from industry, academia, and research conducted in-depth exchanges and formed several important consensuses.

Representatives generally believe that industry technical iteration in the past few years was too radical, development cycles were significantly shortened, engine development shortened from 3 years to 20 months, pure electric vehicle product development even compressed to around 1 year, leading to compression of the test verification link and increased potential risks in product reliability.

Zhao Hang said directly: "It is not now a problem of being radical, but a bit of leapfrogging. This leapfrogging is not a good thing."

Guan Yongchao also frankly admitted that there are still many problems in the first half that have not been solved — low-temperature sensing, high-temperature performance, and plateau climb stalling are still affecting user experience, "Returning to the source to look at reliability is the most important thing to add efforts to in power development."

Cai Wei provided a positive signal: the development cycle of many enterprises has now been extended to more than two years, "This shows your level is high, you have learned from many failures, and know when to hit the brakes." The industry is moving from radical back to rationality.

Regarding how to achieve steady development, representatives from industry, academia, and research jointly proposed three core suggestions: First, strengthen platform development, reduce repeated investment, and concentrate resources to tackle core technical difficulties; Second, return to the essence of the product, shifting from simply rolling parameters to improving user experience and product reliability; Third, deepen industry-academia-research collaborative innovation, establish a long-term docking mechanism for university basic research and enterprise industrialization applications, reduce enterprise R&D risks and costs, and accelerate the transformation and implementation of scientific research results.

This seminar built a high-end exchange platform for in-depth integration of industry, academia, and research, through keynote speeches, technology sharing, and roundtable discussions, realized the collision docking of research wisdom and industrial practice, forming a broad consensus on the development of multi-power technology and the steady progress of the industry. From Zhang Wenhong's proposed 'Parallel Diversification and Going Out Together', to the roundtable discussion where representatives from industry, academia, and research jointly called for 'Return to Reliability, Return to User Experience' — the direction is clear: multi-power is not a multiple-choice question, but a required question; technical iteration is not about comparing who is faster, but comparing who goes steadier.

In the future, all parties of industry, academia, and research will continue to deepen cooperation, joining hands to tackle core technical difficulties, pushing the Chinese automotive power industry from technology leadership to industry leadership, contributing Chinese strength to the high-quality development of the global automotive industry.

From May 21st to 23rd, the 6th International Forum on Vehicle Powertrain was held in Ningbo, Zhejiang. This forum was organized by Geely Automobile Group and hosted by HORSE, with the theme of "Diversified Drive - Innovation Leading", focusing on technological innovation and industrial collaboration, helping Chinese companies accelerate their global expansion and deeply cultivate the global market, it is an annual industry event with great influence in the global vehicle powertrain field.

This forum gathered top forces in the global automotive industry: executives from over 30 domestic and international leading automakers including Geely, Hyundai, NIO, XPeng, Schaeffler, Infineon, etc., attended and delivered speeches. Domestic and foreign authoritative industry associations such as the China Automotive Engineering Society and the China Automotive Industry Association, top Chinese universities and research institutions such as Tsinghua University, Shanghai Jiao Tong University, and Tongji University, as well as media like China Automotive News and Gasgoo, saw participation from over a thousand experts, industry leaders, and media representatives to jointly explore paths for industrial transformation.

The forum set up 12 core meetings, including 1 main venue, 1 high-end roundtable forum, and 6 professional technical sub-venues. Concurrently held supporting activities included a Malaysia investment promotion closed-door meeting, parts exhibitions, test rides, etc. 10 keynote reports and over 50 thematic reports were released, covering frontier directions of the entire industry chain such as hybrid electric drive, battery innovation, high-efficiency internal combustion engines, and low-altitude aircraft power.

During the forum, HORSE Global CTO and Aurora Bay Technology CEO Zhao Fucheng delivered the keynote report "HORSE: Technology Leading the Global x-HEV New Era", systematically analyzing the latest evolutionary trends of global hybrid technology. Zhao Fucheng believes that going global has become an inevitable choice for Chinese automakers. From a global perspective, the future vehicle powertrain system will shift from pure electric to a diversified development pattern of x-HEV; additionally, solid-state battery technology is still in a stage where science and engineering intersect, and the hybrid route remains one of the core development directions for the future passenger car market.

Zhao Fucheng emphasized: "Against the backdrop of profit pressure in the domestic market and overseas becoming a profit highland, global automakers' strategies are shifting from pure electric to hybrid, and going global and hybrid have become the dual necessities for Chinese automakers to break the situation. With hybrid power as the core, from high thermal efficiency engines, 900V+ electric hybrid systems to ultra-compact hybrid, modular extended-range solutions, HORSE uses a diversified, efficient, and adaptable full-stack layout to empower automakers to achieve the near-zero goal of a single platform globally adaptable, injecting 'Chinese wisdom' and 'Chinese solutions' into the innovation of the global vehicle powertrain industry."

In addition, this forum specially set up a booth for global leading automotive parts suppliers, gathering 26 global supply chain leading enterprises including HORSE, Star Drive Technology, BorgWarner, Schaeffler, Mahle, etc. As the organizer of this forum, HORSE showcased its three core power products at this forum. The HORSE B20 Ultra-Effective Waterproof Hybrid Engine established a benchmark for efficient hybrid with its ultra-high certified mass production thermal efficiency of 48.41%; The DHTS Super Hybrid Platform provided the industry with high cost-performance hybrid mass production solutions by virtue of its ability to achieve million-level scale in the first year; The HORSE W30 All-Domain V6 High-Performance Engine broke through the performance and efficiency boundaries of traditional flagship power, covering needs from home use to high-end off-road all scenarios.

The 6th International Forum on Vehicle Powertrain gathered consensus on global automotive power industry going global, steadily promoting the carbon neutrality transformation of the automotive industry. HORSE will also provide a practical path for the low-carbon transformation of the global vehicle powertrain system by focusing on the hybrid route and empowering through diversified power technology in all dimensions.